Overlap of boomers and seniors getting larger. Impact of retirement and aging to peak in the next 20 years.
- In 2008, one in five Canadians will be 65 and older. They will have a higher life expectancy, active lifestyles, be technology smart and mainly kid, debt and mortgage-free.
- 65 per cent of boomers like to cocoon at home. They modify their environment for maximum comfort and relaxation and adapt it for hobbies.
Home-based businesses, working retirement and home-care arrangements are increasing.
- Greater demand for ageless housing features, including universal barrier-free designs for a range of mobility and disability conditions; conveniently placed electrical outlets; better technology to provide alarm systems and improved security.
- Desire for multi-generation housing designs with separate living areas, in-law-suites and walk-out basements. Also customized garden-suite homes on large lots to provide two ground-level units for split living.
- Return to condo townhouse and freehold townhouse with co-tenancy, shared property or road, access to pool or tennis courts.
- Locations required close to conveniences and facilities and in a community setting with social groups.