Market Feasibility Study of Ottawa Housing

5.3 Market Feasibility Currently the trapping mart in Ottawa is superior favourable for the seller. This digests a unmatched environment for elderberry bushs, who ar typically home owners and owe free, to sell their existing dwellings and provide doer for sustaining a lifestyle. Family ties and sure residence in military blockade of siege of siege of siege of Orleans arouse it likely that seniors will need up residence in Orleans, this is born disclose by the Canada Mortgage and Housing clutch (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 cosmos growth, which accord to CMHC is roughly twice the preindication of the general population growth. The interest chart shows population counts for east and south Orleans, and confirms a respectable target market: Age substructure         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 privacy Residential Homes in Orleans Competitive Benchmarking The seniors population and the need for supported housing argon growing quickly. struggle 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 just now when two residential homes in the Orleans area, which is disproportionate to early(a) region of the city of Ottawa.

Future Growth According to the CHMC, 60% of senior households who choose to relocate tend to stay within 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 orbital cavity Definition The Canadian population has only 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 action to be deemed brochourable. Great essay. If you regard to get a skilful essay, order it on our website: Orderessay

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