THE MON­I­TOR

The Woolwich Observer - - COMMENT -

The over­all va­cancy rate for se­niors’ res­i­dences de­clined to a record low of 9.9% in 2018 from 10.3% in 2017. To­tal sup­ply of se­niors’ hous­ing grew by 3,500 spa­ces, the most since 2001. The av­er­age rent for a stan­dard space in­creased by 2.6% to $3,618. Some 59,351 se­niors, equiv­a­lent to 5.5% of the to­tal pop­u­la­tion aged 75 years and over in On­tario, lived in the 721 res­i­dences in the province.

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