More Canadian seniors are staying put
Canadian seniors opting not to sell their homes is increasingly squeezing the real estate market—especially for younger, first-time buyers. That’s the message from Rishard Rameez, Co-Founder and CEO of Zown, who highlighted the phenomenon during a BNN Bloomberg segment earlier this week CTVNews+1. A Shift: Seniors Staying Put According to Rameez, a key factor driving […]
Canadian seniors doing less downsizing
Canadian seniors are largely staying in their long‑time family homes rather than downsizing into smaller units, which experts say is reducing available housing supply for first‑time buyers. Despite a common assumption that retirees might want to cash in their home equity, experts call that notion a myth. Many seniors prioritize aging in place, and are […]
More Canadian seniors facing homelessness
Canada is witnessing a troubling trend: its homeless population is aging. In major cities like Vancouver, the proportion of clients aged 61–65 is growing at approximately 2% per year. Those 55 and older now make up around one-third of shelter users—up from just 25% during the pandemic x.com+9cp24.com+9toronto.citynews.ca+9. This spike reflects not only seniors aging […]
Rental subsidy rasied for B.C. seniors
The British Columbia government has recently announced significant increases to its rental subsidy programs aimed at assisting seniors and low-income families. This initiative is designed to alleviate the financial burden of housing costs for these vulnerable populations amid rising living expenses. Under the updated Rental Assistance Program, the average monthly supplement for eligible low-income families […]
Ministers meet to discuss Canadian seniors issues
Canada’s Federal/Provincial/Territorial Ministers Responsible for Seniors Forum held productive discussions in early March on key priorities to support current and future generations of older Canadians. The meeting was co-chaired by Canada’s Minister of Seniors, the Honourable Joanne Thompson, and New Brunswick’s Minister responsible for Women’s Equality and Seniors, the Honourable Lyne Chantal Boudreau. As seniors represent the fastest-growing demographic in Canada, the […]
New affordable housing for B.C. seniors
The federal government announced $17.4 million to build 44 rental homes in Squamish. The funding will come as fully repayable low-interest loans through the Apartment Construction Loan Program. The announcement was made by Patrick Weiler, Member of Parliament for West Vancouver—Sunshine Coast—Sea to Sky Country on behalf of the Honorable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities alongside Jason […]
Canadian seniors can save on their taxes
Whether you’re a homeowner, are saving for your first home, or just bought your first home, there are tax incentives you should know about. These incentives could help you reduce housing costs and maximize your savings. The Canada Revenue Agency (CRA) is here to make sure you have the information you need to take advantage […]
Canadian seniors tossing retirement playbook
This year, older Canadians will throw out the traditional retirement playbook and embrace new financial, technological and familial norms to live more independent and enriching lives. Insights like this from HomeEquity Bank and Ipsos reveal five key predictions for Canadians aged 55+ that will have ripple effects across Gen X, Millennials, Gen Z and even […]
Here’s how Canadian seniors can winterize their homes
Winterizing a home is essential for Canadian seniors to stay warm, safe, and energy-efficient during the cold months. Proper weatherization can help reduce heating costs, prevent potential health risks, and ensure the home remains comfortable. Here are some practical steps seniors can take to winterize their homes effectively. 1. Insulate Doors and Windows Windows and […]
Tenancy protections for B.C. seniors in retirement homes
The Office of the Seniors Advocate is urging the provincial government to act quickly and enforce the Residential Tenancy Act (RTA) to protect the 30,000 B.C. seniors in retirement homes from illegal rent increases and evictions. The BC Seniors Advocate’s new report Forgotten Rights: Seniors Not Afforded Equal Rent Protection released today highlights the practice […]
