Canada’s population is aging, and this demographic shift is creating demand for specialized products and services that cater to older Canadians. The July/August issue of FranchiseCanada Magazine – on newsstands June 15 – looks at franchise systems and their franchisees who serve this growing demographic.
From medical and non-medical in-home care to services that help seniors maintain mobility, proper nutrition, and independence, franchises assisting Canada’s senior population provide a variety of services as diverse as the demographic they serve. Click here for a full list of CFA member franchise systems in the senior/homecare sector.
Demand for home care is expected to continue to rise as members of the large ‘baby boomer’ generation turn 65 and age into their senior years and require more support. According to Statistics Canada, as of July 1, 2014, there are more than 5.6 million Canadians over the age of 65 (up from 5.3 million in 2013), accounting for nearly 16 per cent of the overall population. These numbers are expected to increase in the future, with the proportion of seniors in the overall Canadian population expected to reach 27 per cent by 2056.