Housing for Seniors

Nineteen per cent of B.C.’s population is 65 years old or older, according to CMHC. That number is expected to increase by 600,000 to 25 per cent by 2036. The rapid growth in the numbers of our elders has made it vital for housing to be built to accommodate them.

So, it is a good sign that for the first time in seven years, the vacancy rate for seniors’ housing has improved compared with the previous year. On the Island, the vacancy rate for standard spaces improved to five per cent from 3.3 per cent in 2018. Greater Victoria’s rate improved to 6.3 per cent from 3.5 per cent.

(Photo: Victoria's skyline. Photograph By DARREN STONE, TIMES COLONIST)
Read the full Times Colonist article: https://www.timescolonist.com/business/b-c-seniors-housing-vacancy-rate-rises-1.23843892