Market Feasibility Study of Ottawa Housing

5.3 securities industry Feasibility Currently the house marketplace in Ottawa is super favourable for the shell outer. This provides a unique surroundings for elderberry bushs, who are typically home owners and mortgage free, to sell their existing dwellings and provide doer for sustaining a lifestyle. Family ties and current residence in siege of siege of siege of Orleans brace it probable that seniors will take up residence in Orleans, this is innate(p) out by the Canada Mortgage and Housing stack (CMHC) that the simile of seniors is higher in slow-growing regions such as Orleans. Demographic outline The Orleans senior nation is growing, and is in line with the boilersuit Canadian senior existence growth, which according to CMHC is roughly twice the mark of the general population growth. The following chart shows population counts for eastbound and south Orleans, and confirms a sizeable tar lead market: Age stem         Number 0-19          21,860 20-39         17,975 40-59         23,210 60-74         3,955 75+         1,065 Total         68,065                   kickoff: Statistics Canada, 2001 Census Current Market for Retirement Residential Homes in Orleans Competitive Benchmarking The seniors population and the need for supported housing are growing quickly. conflict this need is mainly occurring in the central-west end of Ottawa as can be seen in the following map (City of Ottawa). on that point are wholly two residential homes in the Orleans area, which is disproportionate to other region of the city of Ottawa.

Future Growth According to the CHMC, 60% of senior households who choose to relocate tend to stay in spite of appearance 10 kilometres of their homes. There are 5,020 seniors currently residing in Orleans and this will mushroom as over the next 20 age as a further 23,210 hit retirement. Market Area Definition The Canadian population has only one(a) in five of its seniors over the age of 70 who finalise to move upon retiring. And out of those preceding(prenominal) the... It was outlined very well, and I conceptualize it contained enough breeding to be deemed brochourable. Great essay. If you want to get a right essay, order it on our website: OrderCustomPaper.com

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