CMHC Presents Housing and Home-Buying Guide for Canadians Over 55

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Expert from Syndicate Mortgages Shares Some Highlights from the First Volume of CMHC’s Online Guide for Older Canadians

Canada Mortgage and Housing Corporation, the major national provider of mortgage insurance, has recently published the first volume of an online series ‘Housing for Older Canadians: The Definitive Guide to the Over-55 Market’ to help developers understand the requirements of older citizens and make decisions based on the changing over-55 housing environment in the country. Mortgage expert Marcus Arkan, CTO of Syndicate Mortgages, shared some important highlights from the first publication, titled ‘Understanding the Market.’

According to Mr. Arkan, the first series provides concrete understanding of the ever-changing housing market in the country and the role of older citizens. He further added, “As the name suggests, the first volume is the basic information about how the demands and requirements of the older demographic is changing. Although the series is targeted towards over-55 markets, ‘Understanding the Market’ offers a good overview of the overall housing market. “

According to CMHC’s press release, the first book provides an in-depth analysis of the Canadian housing market on a national level as well as at provincial and territorial levels. The same publication indicates that the number of senior citizens is constantly growing and they now represent a large segment of the housing market.

CMHC indicates in its press release that senior citizens are now attracted towards communities that are not specifically planned for retirees. However, they are still looking for an age-friendly environment. “Old aged community represents a major portion and home buying demographic and their needs are quickly changing as well. With the elimination of mandatory retirement, this is perhaps the best time to publish this guide,” Mr. Arkan added.

There are four more volumes of the series. Each of the volumes will eventually be published from time to time. The second volume, titled ‘Conducting Market Analysis’, will cover market analysis strategies and the importance of proper analysis. Other topics expected to be covered in the upcoming volumes include project planning, designing and the final volume will focus on services and amenities that senior buyers are looking for.

Some of the features, according to CMHC’s publication, that older buyers prefer, include availability of public transport, easy access to healthcare and safe public places. “Looking at the growing number of this community, it won’t be wrong to assume that property managers will have to divert their focus more in this direction,” Mr. Arkan shared his opinion.

Syndicate Mortgages shares more information regarding the over-55 housing market and the best mortgage rates on their website: http://www.syndicatemortgages.com

About Syndicate Mortgages Inc.
Syndicate Mortgages Inc. is one of the leading Canadian mortgage brokerage firms. Founded in 2008 in Ontario, the company specializes in residential, commercial and construction financing across Canada. With years of experience and expertise in the mortgage industry, and access to an array of lending institutions across Canada, Syndicate is known for finding the best mortgage rates for their customers. Syndicate has branch locations across Canada. For contact, please use the following details.

Contact Details
Syndicate Mortgages Inc.
http://www.syndicatemortgages.com
Toll Free: (888) 646-1062
Email: info(at)smibroker.com

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