waterloo seniors presentation sept. 2015

Housing market intelligence you can count on

Riding The Wave of Change Waterloo Region Seniors - Today and Tomorrow

Waterloo Region Sept. 30, 2015

Erica McLerieSenior Market Analyst, CMHC


CANADA MORTGAGE AND HOUSING CORPORATION

Age Distribution, Waterloo Region 2006, 2011

0

5000

10000

15000

20000

25000

30000

35000

40000

45000

0-4

5-9

10-1

4

15-1

9

20-2

4

25-2

9

30-3

4

35-3

9

40-4

4

45-4

9

50-5

4

55-5

9

60-6

4

65-6

9

70-7

4

75-7

9

80-8

4

85+

Source: Statistics Canada (Census of Canada)

2006 2011



Age Distribution, 2011 and 2014Waterloo Region

0

5000

10000

15000

20000

25000

30000

35000

40000

45000

0-4

5-9

10-1

4

15-1

9

20-2

4

25-2

9

30-3

4

35-3

9

40-4

4

45-4

9

50-5

4

55-5

9

60-6

4

65-6

9

70-7

4

75-7

9

80-8

4

85+

Source: Statistics Canada

2011 2014



Age Distribution, 2015 - 2035Waterloo Region

0

10000

20000

30000

40000

50000

600000-

4

5-9

10-1

4

15-1

9

20-2

4

25-2

9

30-3

4

35-3

9

40-4

4

45-4

9

50-5

4

55-5

9

60-6

4

65-6

9

70-7

4

75-7

9

80-8

4

85-8

9

90+

Source: Ontario Ministry of Finance Population Projections

2015 2025 2035



Population Growth, Waterloo Region, 2015-2035

0

5000

10000

15000

20000

25000

30000

35000

40000

45000

60-64 65-69 70-74 75-79 80-84 85-89 90+

Source: Ontario Ministry of Finance Population Projections

Current Population

2025 Population

2035 Population



Age Distribution, 2011Waterloo Region by Sex

0

5000

10000

15000

20000

25000

0-4 10-14 20-24 30-34 40-44 50-54 60-64 70-74 80-84

Source: Statistics Canada (Census of Canada)

Male

Female



Median Age of Population, Waterloo Region

0 5 10 15 20 25 30 35 40 45

Wellesley

Kitchener

Waterloo

KCW CMA

Waterloo Region

Cambridge

Woolwich

Wilmot

Ontario

North Dumfries

Source: Statistics Canada (Census 2011)



Migration Adds Little to Seniors’ Population Growth in Waterloo Region

0

50

100

150

200

250

300

350

400

2009/2010 2010/2011 2011/2012 2012/2013 2013/2014

Source: Statistics Canada



Dwelling Type by Age GroupWaterloo Region 2011

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

55-59 60-64 65-69 70-74 75-79 80-84 85+

Source: Statistics Canada (Census)

Single SemiRow Apartments



Dwelling Type for 75+ PopulationWaterloo Region 2015-2040

0

10000

20000

30000

40000

50000

60000

2015 2020 2025 2030 2035 2040

Source: NHS 2011, CMHC Estimate

Single Semi

Row Apartment



Households by Tenure and Age Waterloo Region, 2011

0

5000

10000

15000

20000

25000

30000

55-64 65-74 75+

Source: National Household Survey 2011

Owner Renter



Households by Type by Age GroupKCW, 2011

0%

20%

40%

60%

80%

100%

120%

55-59 60-64 65-69 70-74 75+

Source: National Household Survey, 2011

Two or more persons One-Person HsldsTwo or more families Lone-ParentCouples



Ownership Households by AgeKCW, 2011

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

55-59 60-64 65-69 70-74 75+


Total Households

Couple Households

One-Person Households



Average Household Incomefor 75+ Population, 2011

$30,000 $40,000 $50,000 $60,000 $70,000

OttawaTorontoKingston

GuelphHamilton

KCWLondonOshawa

Greater SudburyBarrie

St. Catharines-NiagaraPeterborough

WindsorThunder Bay

Brantford




Income Distribution by Age, KCW, 2011



Income Distribution by Tenure, 75+KCW, 2011

0

1000

2000

3000

4000

5000

6000

7000

<$10 $10-$20 $20-$30 $30-$40 $40-$60 $60-$80 $80-$100 $100+


Renter

Owner



KCW Housing Starts

0500

1,0001,5002,0002,5003,0003,5004,0004,5005,000

05 06 07 08 09 10 11 12 13 14 15f 16f

KC

W T

otal

Hou

sing

Star

ts

Source: CMHC

Apartments Semi/Townhouse Single-Detached



Average Rents, Seniors’ Housing, 2015

$0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500

PerthEastern Ontario

NiagaraNorthern Ontario

OxfordEssexElgin

Southwestern OntarioGrey

PeterboroughSimcoe

HamiltonCentral Ontario

BrantOntario

Wellington/DufferinMiddlesexWaterloo

OttawaGreater Toronto Area

Source: CMHC



Vacancy Rates, Seniors’ Housing, 2015

0.0% 5.0% 10.0% 15.0% 20.0% 25.0%

PerthEssex

Southwestern OntarioWaterloo

OxfordSimcoe

MiddlesexWellington/Dufferin

OttawaOntario

Greater Toronto AreaCentral OntarioEastern Ontario

BrantHamilton

NiagaraGrey

Northern OntarioPeterborough

Source: CMHC



Capture Rates, Seniors’ Housing, 2015

0% 2% 4% 6% 8% 10% 12%

Northern Ontario

Greater Toronto Area

Hamilton

Ontario

Middlesex

Simcoe

Central Ontario

Southwestern Ontario

Essex

Brant

Eastern Ontario

Waterloo

Perth

Wellington/Dufferin

Peterborough

Ottawa

Source: CMHC



Need for New Spaces

0

1000

2000

3000

4000

5000

6000

2020 2025 2030 2035 2040

Source: CMHC calculation



Average Private Apartment Rents, KCW Municipalities, 2014

$0

$200

$400

$600

$800

$1,000

$1,200

Kitchener City Waterloo City Cambridge City Townships KCW CMA

Source: CMHC RMR, Fall 2014

One-Bedroom

Two-Bedroom



Core Housing Need, Waterloo Region 2011



Erica McLerieSenior Market Analyst CMHC

(416) [email protected]

http://www.cmhc.ca/en/hoficlincl/homain/index.cfm


CMHC Seniors Focus Group

25

• 20 focus groups across Canada• Ages 55-74 and 75+• Mix of gender, marital status,

ethnicity, living arrangement, housing physical characteristics (with stairs, no stairs), household income and health status


CMHC Seniors Focus Group Questions

26

• Which factors are influencing seniors’ housing decisions

• What adaptable housing-related information is most relevant?

• What are the most effective channels to communicate the information to various senior segments?


CANADA MORTGAGE AND HOUSING CORPORATION 27

Focus Group Findings

Seniors typically do not

proactively plan for their

future housing needs




Future housing needs only

becomes an issue when

health declines




Lack of awareness of

optionsavailable to help seniors live at home longer



CMHC Resources

30



CMHC Resources

31

waterloo seniors presentation sept. 2015

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