Market Feasibility Study of Ottawa Housing

5.3 marketplace Feasibility Currently the accommodate foodstuff in Ottawa is super favourable for the career. This provides a unique surround 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 possible that seniors will take up residence in Orleans, this is innate(p) out by the Canada Mortgage and Housing stack (CMHC) that the analogy of seniors is higher in slow-growing regions such as Orleans. Demographic analysis The Orleans senior nation is growing, and is in line with the boilers suit Canadian senior universe growth, which according to CMHC is roughly double the mark of the general population growth. The following chart shows population counts for eastbound and south Orleans, and confirms a sizeable tar shrink 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                   fountain: 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 that two residential homes in the Orleans area, which is disproportionate to another(prenominal) region of the city of Ottawa.

Future Growth According to the CHMC, 60% of senior households who choose to relocate tend to stay indoors 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 whizz in five of its seniors over the age of 70 who make up to move upon retiring. And out of those preceding(prenominal) the... It was outlined very well, and I suppose 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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