If I had to pick one industry that is going to benefit from long-term demographic trends, it would be retirement homes. According to Statistics Canada, the average 65-year-old can expect to be around for another 20.2 years, with men living 18.5 years and women 21.6 years, respectively.
The percentage of people over 65 continues to increase each year. According to a University of Ottawa report, by 2021 – just seven years from now – there will be 6.9 million Canadians age 65 or older. They will represent 17.8 per cent of the total population.