CMHC 2009 seniors' housing survey



    MONTREAL, June 22 /CNW Telbec/ - According to the results of the National
Seniors' Housing Survey conducted by Canada Mortgage and Housing Corporation
(CMHC) in February 2009, the vacancy rate for standard retirement home spaces
stood at 7.9 per cent in Quebec. Standard spaces include all types of units
where residents receive less than one and a half hours of medical care per
day.

    Vacancy Rates

    In urban centres with 100,000 or more inhabitants (namely, census
metropolitan areas, or CMAs), the results were mixed. In the Saguenay area,
the vacancy rate for standard spaces stood at 1.6 per cent, the smallest of
Quebec's major urban centres. With a vacancy rate of 8 per cent, the Montréal
CMA posted conditions that were the most similar to those prevailing at the
provincial level. In the Québec CMA, the survey results revealed that the
vacancy rate for standard spaces reached 7.1 per cent in February 2009. The
Gatineau stood out with a rate of 17.2 per cent. With a vacancy rate of just
under 10 per cent, the Sherbrooke CMA had the second highest proportion of
unoccupied spaces. Lastly, in the Trois-Rivières CMA, the vacancy rate for
standard spaces reached 5.3 per cent in 2009. "In the case of Gatineau, the
higher rate is partially explained by the recent arrival of residences on that
market," stated Kevin Hughes, Regional Economist at CMHC.
    In the large census agglomerations (CAs), that is, those with 50,000 to
99,999 inhabitants, the tightest market conditions were noted in Shawinigan
and Granby (with vacancy rates of 2.6 per cent and 3.3 per cent, respectively)
while, in Drummondville and Saint-Jean-sur-Richelieu, more than one in ten
units had not yet found takers. With a vacancy rate of 8 per cent, the
Saint-Hyacinthe CA stood in the middle of the pack. As for retirement homes in
rural areas (with fewer than 10,000 inhabitants), they recorded a vacancy rate
of 9.4 per cent, or just above the average for Quebec overall.

    Survey Universe

    According to the latest survey, there were 32,603 room-and-board units
among all standard spaces in Quebec. This figure represents nearly 40 per cent
of the 83,025 retirement home units across Quebec. One-bedroom apartments were
the second most common unit type (32 per cent of standard spaces), followed by
bachelor units (17 per cent of standard spaces) and two-bedroom apartments (12
per cent of standard spaces).

    Average rents

    The survey results revealed that the average rent for standard spaces in
Quebec was $1,333 in February 2009. Average monthly costs stood at $1,266 for
room-and-board units and at $1,338 in the case of semi-private rooms. As for
apartments, the monthly rents were $1,179 for bachelor units, $1,372 for
one-bedroom apartments and $1,670 for two-bedroom units. Also, as a sign of
the more significant medical care provided there, heavy care spaces had an
average rent of $2,563 at the time of our latest survey, for a difference of
about $1,300 with the average for standard rooms.
    Among all the CMAs, Gatineau had the highest average rent, at $1,695. In
the Montréal area, the average rent was $1,417 in February 2009. The Island of
Montréal, where 29 per cent of the spaces were in the upper rent range (more
than $1,600), was the most expensive sector (with an average rent of $1,476)
in the CMA. This rent was about the same as the average cost to live in a
retirement home in the Québec area ($1,480) at the time of our latest survey.
As for the Saguenay and Trois-Rivières areas, their average rents were very
similar, both at around $1,280. The Sherbrooke area stood out with the most
affordable average rent, at $1,178. "The arrival of many new units with more
care services on the Gatineau market in recent years has likely contributed to
reaching such a result in this area," added Kevin Hughes.

    Capture rates

    The capture rate, as defined by the survey, is the proportion of the
population aged 75 years or older living in the retirement homes included in
the survey universe. In Quebec, the capture rate stood at 17.3 per cent at the
time our survey in February 2009. This was the highest rate in Canada and the
only one that was above the 10-per-cent mark. The closest Canadian province
was Prince Edward Island, with a capture rate of 9.8 per cent. In the Western
provinces, the Prairies, Ontario, and Newfoundland and Labrador, the capture
rates varied between 4.9 per cent and 7.3 per cent. In other words, while
about one in five people aged 75 years or older lived in a retirement home in
Quebec, only around one in twenty did so in the provinces listed above. In
Nova Scotia, this rate was even below 1 per cent. "This does not necessarily
mean that people aged 75 years or older in the rest of Canada do not change
housing tenures. It may be that a non-negligible number of them go from
ownership to condominium or to rental tenure but not to a specialized
'retirement' residence," explained Kevin Hughes.
    Among the Quebec CMAs, the Sherbrooke area had the highest capture rate,
at 31 per cent. In fact, nearly one in three people aged 75 years or older
lived in a retirement home in the capital of the Eastern Townships. The
Trois-Rivières CMA had the second highest capture rate (26 per cent), followed
by the Saguenay and Québec CMAs, with rates of 20 per cent. The areas with the
lowest capture rates were Montréal and Gatineau, which had rates of 17 per
cent and 15 per cent, respectively.

    As Canada's national housing agency, CMHC draws on more than 60 years of
experience to help Canadians access a variety of quality, environmentally
sustainable, and affordable homes-homes that will continue to create vibrant
and healthy communities and cities across the country. For more information,
visit www.cmhc.ca or call 1-800-668-2642.

    
    -------------------------------------------------------------------------
              Vacancy Rates (%) of Standard Spaces by Unit Type

                                   Quebec
    -------------------------------------------------------------------------
                              Semi-
    Centre         Private   Private               One       Two
                    Room      Room    Bachelor   Bedroom   Bedroom    Total
    -------------------------------------------------------------------------
    Gatineau CMA      8.6a      n/u       9.6a     24.2a     25.8a     17.2a
    Montréal CMA     10.6a     15.1a      9.4a      6.7a      5.7a      8.0a
    Québec CMA        8.0a     27.3a      9.5a      5.4a      6.5a      7.1a
    Saguenay CMA      2.5a      (xx)      0.3a      0.7a      2.0a      1.6a
    Sherbrooke CMA    6.7a      (xx)     18.6a     13.6a      2.9b      9.7a
    Trois-Rivières
     CMA              6.2a      (xx)      4.1a      4.8a      6.9a      5.3a
      Drummondville
       CA             8.0a      n/u       2.4a     10.3a     32.8a     11.6a
      Shawinigan CA   2.4a      n/u       (xx)      2.6a      (xx)      2.6a
      Granby CA       3.2b      n/u       4.8c      (xx)      (xx)      3.3b
      Saint-
       Hyacinthe CA   6.1a      (xx)     20.0a      5.2a      6.2a      8.0a
      Saint-Jean-
       sur-Riche-
       lieu CA       23.3a      n/u       (xx)      0.6a      (xx)     12.3a
    Rural            10.0a      (xx)      9.4b      5.1c      4.9c      9.4a
    Province of
     Québec           8.9a     25.9d      8.7a      6.7a      6.5a      7.9a
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
                   Universe of Standard Spaces by Unit Type

                                   Quebec
    -------------------------------------------------------------------------
    Centre                   Private               One       Two
                              Room    Bachelor   Bedroom   Bedroom    Total
    -------------------------------------------------------------------------
    Gatineau CMA                579a         a      677a      256a    1,782a
    Montréal CMA              8,365a    6,662a   14,348a    5,608a   34,982a
    Québec CMA                2,491a    1,882a    3,588a    1,136a    9,096a
    Saguenay CMA                943a      (xx)      563a      (xx)    1,966a
    Sherbrooke CMA            1,757a      (xx)    1,003a      (xx)    3,664a
    Trois-Rivières CMA          (xx)      824a      975a      (xx)    3,137a
      Drummondville CA          576a      254a      (xx)      (xx)    1,513a
      Shawinigan CA             973a      (xx)      (xx)      (xx)      (xx)
      Granby CA                 715a      201b      (xx)      (xx)    1,128a
      Saint-Hyacinthe CA        580a      165a      326a      226a    1,297a
      Saint-Jean-sur-
       Richelieu CA             651a      (xx)      386a      115a    1,245a
    Rural                     8,321a      745b      (xx)      (xx)   10,996a
    Province of Québec       32,603a   13,843a   26,965a    9,615a   83,025a
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
               Average Rent ($) of Standard Spaces by Unit Type

                                   Quebec
    -------------------------------------------------------------------------
                              Semi-
    Centre         Private   Private               One       Two
                    Room      Room    Bachelor   Bedroom   Bedroom    Total
    -------------------------------------------------------------------------
    Gatineau CMA    1,617a      n/u     1,510a    1,734a    1,961a    1,695a
    Montréal CMA    1,500a    1,709a    1,148a    1,370a    1,720a    1,417a
    Québec CMA      1,435a    1,617a    1,303a    1,494a    1,829a    1,480a
    Saguenay CMA    1,101a      (xx)    1,166a    1,514a    1,680a    1,274a
    Sherbrooke CMA  1,155a      (xx)    1,067a    1,155a    1,437a    1,178a
    Trois-
     Rivières CMA   1,182a      (xx)    1,173a    1,401a    1,505a    1,286a
      Drummond-
       ville CA       922a      n/u     1,148a    1,267a    1,771a    1,195a
      Shawinigan
       CA           1,159a      n/u       (xx)    1,112a      (xx)    1,158a
      Granby CA     1,189a      n/u     1,281a      (xx)      (xx)    1,254a
      Saint-
       Hyacinthe
       CA           1,249a      (xx)    1,426a    1,316a      934a    1,230a
      Saint-Jean-
       sur-Riche-
       lieu CA      1,188a      n/u       (xx)    1,114a    1,350a    1,170a
    Rural           1,096a      (xx)    1,117a    1,171a    1,370a    1,116a
    Province of
     Québec         1,266a    1,338a    1,179a    1,372a    1,670a    1,333a
    -------------------------------------------------------------------------


     The following letter codes are used to indicate the reliability of
     ------------------------------------------------------------------
                               the estimates:
                               --------------
     a - Excellent, b - Very good, c - Good, d - Fair (Use with Caution)
       (xx) Data suppressed to protect confidentiality or data is not
                           statistically reliable
              n/u: No units exist in universe for this category
             n/s: No units exist in the sample for this category
                             n/a: Not applicable


    Backgrounder:

    - CMHC conducted its first National Seniors' Housing Survey in February
      and March 2009. Previously, CMHC had regional seniors' reports in B.C.,
      Ontario and Quebec, which were published annually.

    - The new national survey was conducted in all 10 provinces and in all
      centres regardless of size, which had a residence meeting the
      eligibility criteria.

    - The survey targeted private and non-profit residences where the
      majority of residents were 65 years of age or older and had access to
      additional services not offered in traditional rental structures. To be
      eligible for the survey, a residence must provide an on-site meal plan
      or on-site medical services. Virtually all residences surveyed provided
      an on-site meal plan. Other amenities and services that were popular in
      some of the residences included on-site medical services (57.8 per
      cent), transportation services (44.2 per cent) and 24 hour call-bell
      service (92.0 per cent). Note that the survey excluded nursing homes
      and long-term care facilities.

    - Across Canada, some 43 per cent of standard spaces in the seniors'
      housing market rented for less than $1,500 and 22.0 per cent of spaces
      rented for $2,500 or more per month.

    - Some 176,845 seniors lived in the 2,464 residences surveyed, capturing
      8.2 per cent of the Canadian population at, or above, the age of 75.
    




For further information:

For further information: Province: Kevin Hughes, Regional Economist
CMHC, (514) 283-4488; Montréal: Bertrand Recher, Senior Market Analyst, (514)
283-2758; Québec: Elisabeth Koulouris, Senior Market Analyst, (418) 649-8098;
Gatineau (Outaouais, Abitibi): Patrice Tardif, Senior Market Analyst, (514)
283-2097; Sherbrooke (Estrie): Francis Cortellino, Market Analyst, (514)
283-8391; Trois-Rivières (Mauricie): Marie-Elaine Denis, Market Analyst, (418)
649-8100; Saguenay: Patrice Tardif, Senior Market Analyst, (514) 283-2097


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