wre es pie

Pad

59 - Friday, October 20, 1989 - North Shore News

REAL ESTATE

Aging population changes housing needs

NO ONE wants te admit especially this writer. Ry JAMIE JOHNSTON that the retirenvent: market the fastest growing popula- What can we do about it?
that he is getting old; However, statistics show Contributing Writer — those over 60 and 65 — is tion segment in Canada. Developers have already

started to build retirement
isomes and nursing homes.

" | | However, Canada still lags

behind several other coun-
tries when it comes to cre-
ative housing for the elderly.

That means we, as indi-
vidual consumers, will have
to find and modify our own
housing to suit our changing
weeds.

Vuere are some obvious
ltors to keep in mind.
Firsi, older people like
everything on one floor.
That means townhouses fose
their appeal as one ages.

Condos in buildings with
elevators are more popular.
Older people also want to be
close to public transporta-
tion. Plus, they have to be
able to walk to stores and
services.

if your current property
already has these features,
then you're set! More im-
portantly, you know that
your property will be in de-
mand by other seniors.

And that means your
property should appreciate
at a better rate than others in
your niarket place.

Canada Mortgage and
Housing Corporation
(CMHC) has some excellent
literature on housing needs
and alternative housing for

; the elderly from ‘‘granny
NEWS photo Mike Wakellald flats’? to planning com-
munities within large cities.
Write the nearest CMHC of-
fice.

THE BRIGHT yellow piles of sulphur are a familiar landmark of Vancouver's North Shore and a reminder of some of the industry which supports
North Vancouver. fn the background is downtown Vancouver.

¢ List with us and we will Personally taxe

your property to Hong Kong

° Residential or Commercicill space
|

available
e Don't delay Call Before Friday Oct. 27th

MIKE KOTYLAK
927-6322
980-8585

World's xcluaive im MIKE BARZAL
em 0 ana cover. 688-3240
other colour .

photos of your 980-2585

REALTY WORLD. Hemisphere

Siteag es Cee ies, MARL v. 3 : ‘ Bran : ae ee
TLV TENE TY TOT . ANAT ORAER ANH BROOME STAT TUNY YANO VT MENTALITY” YATES CRORE RAMEN ATOITIMNEROCRTR AT HTBOUN PO TIETONAA HEMP RABAT F UA Verte NIA BN RAI QE HS am 449