CMHC reveals it’s 2016 Seniors’ Housing Report for Ontario

CMHC reveals it’s 2016 Seniors’ Housing Report for Ontario

 

Canada Mortgage and Housing Corporation released it’s results on the Seniors Housing Market.

Highlights

„„The vacancy rate for standard spaces hit 11.3% this year, its lowest level since 2009. The vacancy rate for all spaces touched 10.7%, its lowest point since 2001.

„„Total supply of seniors’ housing grew by 4.9% to 56,301 spaces in 2016, but growth in demand outpaced the growth in supply.

„„The average rent for a standard space increased by 6.7% to $3,499.

 

Vacancy Rate Hits Its Lowest Level

The overall seniors’ housing vacancy rate in Ontario dropped from 11.5% last year to 10.7% in 2016, the lowest level since the start of the standardized Ontario wide survey in 2001. Meanwhile, the vacancy rate for standard spaces also reached 11.3%, the lowest level since its introduction in 2009.

See more details in the full report at
http://www.cmhc-schl.gc.ca/odpub/esub/65981/65981_2016_A01.pdf?lang=en

You can also visit their Housing Market Information for lots of other reports.

 

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