Canada's Population Is Aging, Where Is Everyone Going To Live?

Canada's population is aging rapidly, with seniors projected to make up nearly one-quarter of the population by 2040. This demographic shift presents significant challenges in ensuring appropriate housing for older Canadians. Many seniors prefer to "age in place," remaining in their current homes and communities. However, this choice often requires home modifications and access to support services to accommodate changing needs. Unfortunately, home care services are often underfunded and face staffing shortages, making it difficult for seniors to receive necessary assistance at home.

Financial constraints further complicate the situation. A 2022 Ipsos survey revealed that while 92% of Canadians aged 45 and older wish to age at home, only 12% can afford the cost of a personal support worker (PSW), which ranges from $28 to $38 per hour in Ontario. For those requiring full-time care, the expense becomes prohibitive. Additionally, necessary home renovations, such as installing roll-in showers or widening doorways, can cost between $15,000 and $20,000, adding to the financial burden.

Some seniors opt for lifestyle communities that offer social engagement and tailored amenities. These communities provide fitness programs, chef-prepared meals, and facilities like theaters and wellness centers. However, the affordability of such options remains a concern for many.

Long-term care (LTC) facilities are another alternative, especially for those with complex health needs. Yet, Canada faces a shortage of LTC homes, leading to long waitlists. The cost of residing in these facilities varies, averaging between $1,200 and $5,400 per month. The COVID-19 pandemic highlighted significant issues within the LTC system, emphasizing the urgent need for reform to ensure the safety and well-being of residents.

The aging population also underscores the need for affordable and accessible housing. Close to 700,000 senior-led households in Canada face housing affordability challenges. Additionally, rent in seniors' residences is approximately 2.5 times higher than in the private market. Compounding the issue, federal support for seniors' social housing is scheduled to expire over the next two decades, potentially exacerbating the housing crisis for older Canadians.

Addressing these challenges requires a multifaceted approach, including increased funding for home care services, financial assistance for home modifications, and the development of affordable housing options tailored to seniors' needs. Policymakers must prioritize these initiatives to ensure that Canada's aging population can live safely and comfortably in appropriate housing.