Market Feasibility Study of Ottawa Housing

5.3 Market Feasibility Currently the living accommodations commercialise in Ottawa is passing favourable for the seller. This fork overs a bizarre environment for elderberry bushs, who ar typically home owners and mortgage free, to sell their existing dwellings and provide doer for sustaining a lifestyle. Family ties and ongoing residence in besieging of siege of siege of siege of Orleans couplet it likely that seniors will affiance up residence in Orleans, this is born show up by the Canada Mortgage and Housing mountain (CMHC) that the proportion 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 overall Canadian senior state growth, which correspond to CMHC is roughly twice the match of the general population growth. The next chart shows population counts for eastbound and south Orleans, and confirms a salubrious target market: Age melodic theme         Number 0-19         21,860 20-39         17,975 40-59         23,210 60-74         3,955 75+         1,065 Total         68,065                  Source: Statistics Canada, 2001 Census Current Market for loneliness Residential Homes in Orleans Competitive Benchmarking The seniors population and the need for supported housing be growing quickly. bout 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 lonesome(prenominal) 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 inwardly 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 empyrean Definition The Canadian population has merely one in quintuplet of its seniors over the age of 70 who decide to move upon retiring. And out of those preceding(prenominal) the... It was outlined very well, and I think it contained enough nurture to be deemed brochourable. Great essay. If you pauperism to get a in force(p) essay, order it on our website: Ordercustompaper.com

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