The Hoovest Intelli Atrium Senior Housing Income Fund provides the following risk-return profile:
Senior community living projects are attractive in an economic environment with an aging population. The demand for these properties is driven by the increases in Canadians over the age of 65. Vacancy rates decrease as demand for senior housing continues to evolve and grow.
The following major trends are expected to impact the projected demand for senior housing as well as the types and quality of senior housing that will be required to meet evolving needs and preferences in the market.
- Aging demographics – the increase in people over the age of 75 is expected to create new demand for senior housing and specialized care programs.
- Increasing life expectancy – continuing advancement in healthcare, medical technology, and healthy lifestyle choices are expected to extend the average length of stay of residents in senior housing and care properties, contributing to the increases in overall demand.
- Low vacancy – independent living spaces for seniors have been on the decline since 2013, and the 2018 figure indicates the lowest ever vacancy rate of 3% in BC, prompting higher rents in 2017 and 2018.