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Lowest and Highest Incomes in Canada for 65+ Households

Wednesday, July 7th, 2010

Note that this is the last time we will be able to discuss this issue, thanks to the Conservatives’ completely bone-headed and inexplicable decision to gut the 2011 Census. No other country in the world runs its Census the way Canada does, or will in 2011. It is a tragic mistake that will take years to correct. I have written to Tony Clement, the Minister who decided to gut the Census, Stephen Harper, my MP, the Globe and Mail, and all of my colleagues who rely on Census data to make sense of our world and I encourage you to do the same. I am surprised the outcry hasn’t been louder. It’s not just the seniors’ housing field that will be severely impacted of course. Please do what you can.

So for the last time for a long time, here are average incomes and rates of homeownership for 65+ households across the country. The lowest incomes are in Newfoundland and Labrador and the highest in Ontario. The proportion of homeowners is fairly similar throughout the country except for Quebec, which has a much higher incidence of renting across all age groups compared to other provinces. It’s interesting that Manitoba is the only other province with a homeownership ratio in the 60s, although average incomes are higher than the national average and house prices are comparatively affordable. Why would that be so? The only thing I can think of is that the incidence of life lease is relatively high in Manitoba. Unlike all other provinces, life lease residents are considered renters in Manitoba so that might explain the lower incidence of homeownership.

Tags: Aging, Home Ownership, Household Income, Housing Market, Housing Options, Senior Housing, Seniors' Housing, Seniors' Incomes
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