Surprising "Zoomer" Facts 1. 93% of Canadian Seniors aged 65 and over live in private households 2. The number of people aged 65+ will almost double between 2005 and 2036 from 13.2% to 24.5% 3. 76% of people in the 55-64 age group own their own property The number of seniors aged 85 or older has grown rapidly over the last two decades. Between 1981 and 2005, the number of individuals in this age group increased from 196,000 to 492,000 and their share of the total population increased from 0.8% to 1.5%. Between 2005 and 2021, the absolute number of people aged 85 or older is projected to increase to 800,000, although their share of the total population will remain around 2%. However, between 2021 and 2056, as the baby boomers enter this age group, the number of persons aged 85 or older is projected to increase from 800,000 to 2.5 million, and their share of the total population is expected to almost triple, rising from 2.1% to 5.8%. Some of your questions may include: How can I live affordably? Should I downsize and invest the proceeds for income? Can I afford to stay in my present house? Will my money run out before I die? What communities are increasingly popular with those over 55 years old? Where can I find someone to talk over what my housing options might be? Who can put me in touch with financial planners, accountants, lawyers and estate and contents sales consultants who understand issues for those over 65 years of age? Diane Goodgoll and Neil Mens, Sales Representatives, Harvey Kalles Real Estate Ltd. Brokerage, serve the real estate needs of Boomers and their parents in the Deer Park Neighbourhood of Toronto. An interesting online Resource for Canadian's aged 50plus is the Canadian Association of Retired Persons - see their report A new Vision of Aging in Canada <a href='http://www.carp.ca' target='_blank'>http://www.carp.ca</a> Neil Mens is an Accredited Seniors Agent who is trained to guide you through the exciting changes ahead for you and your family. |
