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Subscribe 2011 Census (Reprise)
As the government is still persisting in its wrong-headed plans to ruin the 2011 Census, I thought it would be useful to explain in a little more depth why the Census information is so critical for seniors’ housing analysis.
Here is an example of a table we always use when we are doing a market study or a community housing needs assessment. Here are just a few of the things this table tells us:
- 83% of the 55+ households in this community are homeowners.
- The average income of the renters is $38,509 compared to $73,094 for the owners.
- Single (non-family) renters over the age of 85 have the lowest average incomes.
- Although not shown in the table, the detailed data indicate that there are 565 renter households aged 65+ in this community with an income lower than $14,999. These are the households facing serious challenges in terms of meeting their housing needs.
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Owners |
Renters |
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Family Hshlds |
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Non-Family |
Family Hshlds |
Non-Family |
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Total |
Avg Inc |
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Total |
Avg Inc |
Total |
Avg Inc |
Total |
Avg Inc |
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55-64 |
4,880 |
$101,729 |
|
1,030 |
$47,153 |
600 |
$61,629 |
510 |
$30,613 |
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65-74 |
2,450 |
$67,633 |
|
815 |
$36,961 |
220 |
$41,969 |
405 |
$28,178 |
|
75-84 |
1,140 |
$63,158 |
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1,030 |
$32,375 |
125 |
$35,366 |
265 |
$26,375 |
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85+ |
200 |
$50,621 |
|
255 |
$24,358 |
60 |
$47,584 |
235 |
$24,220 |
Sadly, we will never have this level of knowledge about seniors’ housing markets in future years because all of this information comes from the long form.
For-profit and not-for-profit developers, communities, governments, market analysts—we will all be forced to guess what is going on. Tragic.
Tags: 2011 Canadian Census, Aging, Census Data, Household Income, Housing Market, Market Study, Migration, Mobility, Senior Housing, Seniors' Housing, Seniors' Incomes
This entry was posted on Wednesday, July 14th, 2010 at 3:34 pm and is filed under Future, Market Studies, News, Senior Housing, Seniors' Housing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.