Canada among best for real estate wellness

by Steve Randall on 29 Jan 2018
Putting people’s health at the centre of design, creation and redevelopment is the next frontier of real estate according to a new global report.

The Global Wellness Institute has analyzed the global market for wellness lifestyle communities and says that there is high demand for healthy homes, with the global market growing at 6% annually.

Canada ranks in the top 10 markets for wellness real estate market size; 9th with a U$2.2 billion market. It also ranks 6th for projects in the pipeline (17). The US leads with a U$52.5 billion market size and 355 projects.

“Collectively, we must shake up our thinking: healthy homes are as important as immunizations; parks, paths, and plants are as beneficial as prescriptions; friends and neighbors are far more important than Fitbits,” said Katherine Johnston GWI Sr. Research Fellow. “All the industries that create our home environments - real estate investors, urban planners/designers, architects, transportation planners, the construction industry – play a massive role in human health. And they need to partner to meet the desperate need – and fast-rising demand – for healthier homes and communities.”

The trends for the wellness real estate market’s future GWI sees include: a blurring of the lines between home, work and leisure; making healthy homes more affordable; and increasing multigenerational and diverse neighbourhoods.

Post a Comment

Most Trending News

Most Canadians don’t shop for better mortgages: HOMEWISE
News

The HOMEWISE poll showed that only 49.1% of the 750 respondents aged 25 to 44 sought out better rates while 37.9% remained with their bank and 13.1% said they would go to one of Canada the Big Five.

Read More
Construction material scarcity driving prices up in Montreal
News

“You order material and suppliers will say two weeks, but then six, eight, 10 or 12 weeks go by, and this is what we’re seeing in most of our projects,” said Patrice Groleau, owner of McGill Real Estate.

Read More
Here’s how much income is needed to rent Toronto 1-bedrooms
News

“The average cost of a one-bedroom unit in Toronto was $1,866 a month last November,” said a report from LowestRates.ca. "“This represents a 19% year-over-year decrease."

Read More