Waterloo Region Seniors - Today and Tomorrow

1. Housing market intelligence you can count on
Riding The Wave of Change
Waterloo Region Seniors - Today and
Tomorrow
Waterloo Region
Sept. 30, 2015
Erica McLerie
Senior Market Analyst, CMHC

2. Housing market intelligence you can count on
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
10-14
15-19
20-24
25-29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75-79
80-84
85+
Source: Statistics Canada (Census of Canada)
2006 2011

3. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
Age Distribution, 2011 and 2014
Waterloo Region
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
0-4
5-9
10-14
15-19
20-24
25-29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75-79
80-84
85+
Source: Statistics Canada
2011 2014

4. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
Age Distribution, 2015 - 2035
Waterloo Region
0
10000
20000
30000
40000
50000
60000
0-4
5-9
10-14
15-19
20-24
25-29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75-79
80-84
85-89
90+
Source: Ontario Ministry of Finance Population Projections
2015 2025 2035

5. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
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

6. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
Age Distribution, 2011
Waterloo 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

7. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
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)

8. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
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

9. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
Dwelling Type by Age Group
Waterloo 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 Semi
Row Apartments

10. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
Dwelling Type for 75+ Population
Waterloo 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

11. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
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

12. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
Households by Type by Age Group
KCW, 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 Hslds
Two or more families Lone-Parent
Couples

13. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
Ownership Households by Age
KCW, 2011
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
55-59 60-64 65-69 70-74 75+
Source: National Household Survey, 2011
Total Households
Couple Households
One-Person Households

14. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
Average Household Income
for 75+ Population, 2011
$30,000 $40,000 $50,000 $60,000 $70,000
Ottawa
Toronto
Kingston
Guelph
Hamilton
KCW
London
Oshawa
Greater Sudbury
Barrie
St. Catharines-Niagara
Peterborough
Windsor
Thunder Bay
Brantford
Source: National Household Survey, 2011

15. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
Income Distribution by Age, KCW, 2011

16. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
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+
Source: National Household Survey, 2011
Renter
Owner

17. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
KCW Housing Starts
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
05 06 07 08 09 10 11 12 13 14 15f 16f
KCWTotalHousingStarts
Source: CMHC
Apartments Semi/Townhouse Single-Detached

18. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
Average Rents, Seniors’ Housing, 2015
$0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500
Perth
Eastern Ontario
Niagara
Northern Ontario
Oxford
Essex
Elgin
Southwestern Ontario
Grey
Peterborough
Simcoe
Hamilton
Central Ontario
Brant
Ontario
Wellington/Dufferin
Middlesex
Waterloo
Ottawa
Greater Toronto Area
Source: CMHC

19. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
Vacancy Rates, Seniors’ Housing, 2015
0.0% 5.0% 10.0% 15.0% 20.0% 25.0%
Perth
Essex
Southwestern Ontario
Waterloo
Oxford
Simcoe
Middlesex
Wellington/Dufferin
Ottawa
Ontario
Greater Toronto Area
Central Ontario
Eastern Ontario
Brant
Hamilton
Niagara
Grey
Northern Ontario
Peterborough
Source: CMHC

20. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
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

21. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
Need for New Spaces
0
1000
2000
3000
4000
5000
6000
2020 2025 2030 2035 2040
Source: CMHC calculation

22. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
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

23. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
Core Housing Need,
Waterloo Region 2011

24. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
Erica McLerie
Senior Market Analyst CMHC
(416) 218-3318
emclerie@cmhc.ca
http://www.cmhc.ca/en/hoficlincl/homain/index.cfm

25. Housing market intelligence you can count on
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

26. Housing market intelligence you can count on
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?

27. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION 27
Focus Group Findings
Seniors
typically do not
proactively
plan for their
future housing
needs

28. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION 28
Focus Group Findings
Future housing
needs only
becomes an
issue when
health declines

29. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION 29
Focus Group Findings
Lack of
awareness of
options
available to help
seniors live at
home longer

30. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
CMHC Resources
30

31. Housing market intelligence you can count on
CANADA MORTGAGE AND HOUSING CORPORATION
CMHC Resources
31