Assets and debts held by family units and by age groups, total amounts.

If you’re a senior with low income, you may qualify for monthly Guaranteed Annual Income System payments.

Maximum payment and allowable private income amounts for the period from July 1, 2025 to June 30, 2026 are:

• $90 monthly for single seniors (maximum monthly payment amount), your annual private income must be less than $4,320
• $180 monthly for senior couples (maximum monthly payment amount), your annual private income must be less than $8,640

The data is organized by private income levels. GAINS payments are provided on top of the Old Age Security (OAS) pension and the Guaranteed Income Supplement (GIS) payments you may receive from the federal government.

Learn more about the Ontario Guaranteed Annual Income System

This data is related to The Retirement Income System in Canada

The income quintiles refer to the quintiles estimated at the Canada level and not at the provincial/territorial level. The Income quintiles are assigned based on the equalized household disposable income. This takes into account differences in household size and composition. The Oxford-modified equivalence scale is used; it assigns a value of 1 to the first adult, 0.5 to each additional person aged 14 and over, and 0.3 for all children under 14. Age groups refer to the age group of the major income earner. Life insurance and pensions include the value of all life insurance and employer pension plans, termination basis. Excludes public plans administered or sponsored by governments: Old Age Security (OAS) including the Guaranteed Income Supplement (GIS) and the Spouse's Allowance (SPA), as well as the Canada and Quebec Pension Plans (CPP/QPP). Other financial assets include total currency and deposits, Canadian short-term paper, Canadian bonds and debentures, foreign investments in paper and bonds, mortgages, equity and investment funds, and other receivables. Other non-financial assets include consumer durables, machinery and equipment, and intellectual property products. Excludes accumulation of value of collectibles including coins, stamps and art work. Other liabilities include major credit cards and retail store cards, gasoline station cards, etc., vehicle loans, lines of credit, student loans, other loans from financial institutions and other money owed. The sum of the values for net worth and its components by province and region is less than the total for Canada as they exclude the territories. The coefficients of variation from Statistics Canada's Survey of Financial Security for 2012 and 2016, which serve as indicators of the accuracy of these estimates for net worth and its components, are available in the appendix to Distributions of Household Economic Accounts, estimates of asset, liability and net worth distributions, 2010 to 2019, technical methodology and quality report for the March 2020 release. Distribution of value" is the share of a wealth component (such as total assets) attributable to the various household characteristics (such as lowest income quintile)." This table has been archived and replaced by table 36100661.

The National Survey on Ageing and Independence was conducted by Statistics Canada. The main objective was to measure contributors to the quality of life and independent living. The measurement of these contributors was done by examining a broad range of characteristics of todays seniors as well as the characteristics of those who are currently preparing for their older years. The database includes national level estimates on todays seniors concerning their health, social and economic situations for the following age groups: 65-69, 70-74, 75-79, 80 or over. Estimates are also provided on tomorrows seniors on characteristics related to their planning choices and preparations with regard to ageing for the following age groups: 45-49, 50-54, 55-59, 60-64.

Life and Non-Life Insurance Market Outlook

According to our latest research, the global Life and Non-Life Insurance market size reached USD 6.5 trillion in 2024, registering a robust performance backed by diversified growth factors. The market is expected to expand at a CAGR of 5.8% from 2025 to 2033, propelling the total market value to an estimated USD 11.1 trillion by 2033. This upward trajectory is primarily driven by increased risk awareness post-pandemic, rapid digital transformation, and evolving customer expectations across both mature and emerging economies. As per the latest research, the market’s growth is underpinned by regulatory reforms, product innovations, and expanding distribution networks, particularly in Asia Pacific and North America.

A primary growth driver for the Life and Non-Life Insurance market is the heightened consumer awareness regarding the importance of financial protection and risk mitigation. The COVID-19 pandemic has fundamentally shifted consumer attitudes, prompting individuals and businesses to prioritize insurance coverage for both life and non-life risks. This shift has spurred demand for comprehensive life insurance products, including term, whole life, and unit-linked policies, as well as non-life offerings like health, property, and casualty insurance. In addition, the rising middle-class population in emerging economies has increased the penetration of insurance products, as more people seek financial security and wealth protection. Governments and regulatory bodies have also played a pivotal role by introducing mandatory insurance schemes and promoting financial literacy, further fueling market expansion.

Another significant factor propelling the Life and Non-Life Insurance market is the rapid adoption of digital technologies across the insurance value chain. Insurtech innovations, such as artificial intelligence, big data analytics, and blockchain, are transforming product development, underwriting, claims processing, and customer engagement. These advancements have enabled insurers to enhance operational efficiency, reduce fraud, and offer personalized products tailored to individual risk profiles. The proliferation of online distribution channels and mobile applications has democratized access to insurance, especially among younger, tech-savvy consumers. This digital shift is not only reducing acquisition costs but also improving customer retention and satisfaction, thereby driving sustained market growth.

Demographic shifts and evolving lifestyle trends are also reshaping the Life and Non-Life Insurance market. The aging global population, particularly in developed regions, is increasing demand for retirement, annuity, and long-term care insurance products. Meanwhile, urbanization and rising disposable incomes are fueling the need for property and motor insurance in rapidly developing markets. The growing gig economy and flexible work arrangements are leading to the emergence of new insurance needs, such as income protection and cyber liability coverage. Insurers are responding with innovative solutions and flexible policies that cater to these changing demands. The convergence of traditional and digital business models is creating a highly competitive landscape, encouraging continuous innovation and customer-centricity.

From a regional perspective, Asia Pacific stands out as the fastest-growing market, driven by economic growth, urbanization, and supportive regulatory frameworks. North America and Europe continue to dominate the Life and Non-Life Insurance market in terms of market share, owing to high insurance penetration and established distribution networks. Latin America and the Middle East & Africa are emerging as lucrative markets, supported by rising awareness, favorable demographics, and government initiatives to increase insurance inclusion. Regional disparities in insurance penetration, regulatory environments, and consumer behavior necessitate tailored strategies for market players to capture growth opportunities and address unique challenges across different geographies.

The Survey of Consumer Finances (SCF) is conducted annually to obtain work experience and income information from Canadian households. The Survey provides up-to-date information on the distribution and sources of income, before and after taxes, for families and individuals. With this file, users may identify specific family types, such as two-parent and lone-parent families. Information is also provided on earnings, transfers, and total income for the head and the spouse of the census family unit, as well as personal and labour-related characteristics. This reference year for this file is 1984. Commencing with the 1998 microdata files, annual cross-sectional income data will be sourced from the Survey of Labour and Income Dynamics (SLID).

This table has been archived and replaced by table 36100665. The sum of the values for net worth and its components by province and region is less than the total for Canada as they exclude the territories. The income quintiles refer to the quintiles estimated at the Canada level and not at the provincial/territorial level. The Income quintiles are assigned based on the equalized household disposable income. This takes into account differences in household size and composition. The Oxford-modified equivalence scale is used; it assigns a value of 1 to the first adult, 0.5 to each additional person aged 14 and over, and 0.3 for all children under 14. The coefficients of variation from Statistics Canada's Survey of Financial Security for 2012 and 2016, which serve as indicators of the accuracy of these estimates for net worth and its components, are available in the appendix to Distributions of Household Economic Accounts, estimates of asset, liability and net worth distributions, 2010 to 2019, technical methodology and quality report for the March 2020 release. Age groups refer to the age group of the major income earner. Life insurance and pensions include the value of all life insurance and employer pension plans, termination basis. Excludes public plans administered or sponsored by governments: Old Age Security (OAS) including the Guaranteed Income Supplement (GIS) and the Spouse's Allowance (SPA), as well as the Canada and Quebec Pension Plans (CPP/QPP). Other financial assets include total currency and deposits, Canadian short-term paper, Canadian bonds and debentures, foreign investments in paper and bonds, mortgages, equity and investment funds, and other receivables. Other non-financial assets include consumer durables, machinery and equipment, and intellectual property products. Excludes accumulation of value of collectibles including coins, stamps and art work. Other liabilities include major credit cards and retail store cards, gasoline station cards, etc., vehicle loans, lines of credit, student loans, other loans from financial institutions and other money owed. Owner's equity refers to the value of the interests of an owner or partial owner in an asset, in this case real estate, divided by household real estate, which includes the value of structures (residential and non-residential) and land owned by households. Distributions of Household Economic Accounts (DHEA) estimates are benchmarked to year-end estimates for liabilities and assets from the National Balance Sheet Accounts (NBSA, Table 36-10-0580-01), and for annual household disposable income from the Provincial-Territorial Economic Accounts (Table 36-10-0224-01). DHEA ratios for debt to disposable income, real estate as a share of disposable income, and net worth as a share of disposable income differ from those included in “Financial indicators of households and non-profit institutions serving households, national balance sheet accounts” (Table 38-10-0235-01) as the latter source adjusts disposable income for the change in pension entitlements. The measure of disposable income used for the DHEA ratios is more consistent with that shown in “Household sector credit market summary table, seasonally adjusted estimates” (Table 38-10-0238), which does not adjust disposable income for the change in pension entitlements.

The global home life insurance market is experiencing robust growth, driven by increasing awareness of the need for financial protection and rising disposable incomes, particularly in developing economies. The market size in 2025 is estimated at $850 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This growth is fueled by several key factors. Firstly, an aging global population necessitates comprehensive financial planning for retirement and end-of-life expenses, boosting demand for pension annuities and survival annuities within the home life insurance sector. Secondly, evolving family structures and increasing urbanization are influencing the demand for child and elder-specific home life insurance plans. Technological advancements, such as online platforms and personalized insurance offerings, are further streamlining the purchasing process and broadening market reach. The market segmentation by application (Child, Adult, Elder) and type (Life Support, Health Support, Pension Annuity, Survival Annuity, Accidental Support) allows insurers to tailor products to meet specific demographic needs and risk profiles. Competition among major players like Ping An, AIA, China Life, and others drives innovation and affordability. However, the market faces some challenges. Regulatory changes and economic uncertainties in certain regions can impact consumer confidence and investment patterns. The penetration of home life insurance remains relatively low in some emerging markets, presenting both a challenge and a substantial growth opportunity. Furthermore, effectively communicating the value proposition of home life insurance to a diverse customer base, particularly in segments with limited financial literacy, remains crucial for driving sustained market growth. This necessitates targeted marketing strategies and educational initiatives to promote understanding of the benefits of home life insurance. Despite these challenges, the long-term outlook for the home life insurance market remains positive, driven by demographic shifts, economic development, and technological innovation.

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Retirement Communities Market Size 2025-2029

The retirement communities market size is forecast to increase by USD 47.4 billion at a CAGR of 4.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the rising life expectancy and the resulting demand for specialized living arrangements for the aging population. This demographic shift presents favorable business opportunities for real estate developers, particularly those who can offer innovative and high-quality solutions tailored to the unique needs of seniors. Regulatory compliance is paramount, with licensure requirements and accreditation standards ensuring quality healthcare services, such as geriatric care, skilled nursing, rehabilitation, and hospice care. However, the market also faces challenges, including the need to provide proper healthcare solutions and addressing the diverse requirements of an aging population with varying health conditions and income levels.
Effectively navigating these challenges and capitalizing on the opportunities requires a deep understanding of the evolving needs and preferences of the senior demographic, as well as the ability to offer flexible and comprehensive solutions that address their physical, emotional, and social needs. Companies that can successfully meet these demands will be well-positioned to thrive in this dynamic market. Outright purchases, leases or rentals, and hybrid models are all viable options for seniors, depending on their financial situation and lifestyle preferences. Senior living marketing strategies are focussing on addressing the demands and touch points of prospects.

What will be the Size of the Retirement Communities Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market encompasses a range of senior housing options, including life care communities, assisted living facilities, and active adult communities. Security measures, emergency response systems, and memory care units cater to the unique needs of the aging population, particularly those with Alzheimer's disease. Capital expenditures for housing options, staffing ratios, and caregiver training programs are essential for maintaining resident satisfaction. Financial planning services, estate planning, and long-term care insurance are crucial for managing the financial aspects of retirement living.
Housing options span from independent living facilities to age-restricted communities, catering to various needs and preferences. Attractive financing options, availability of land, and various models, including outright purchases, leases or rentals, hybrid models, and senior living facilities, cater to diverse lifestyle preferences and budgets. Wellness centers, community resources, and transportation services contribute to the overall quality of life. Optometry, pharmaceutical, and palliative care programs further enhance the comprehensive range of services offered. Turnover rates in retirement communities remain a significant consideration, with ongoing staff training and Medicare and Medicaid coverage playing crucial roles in addressing workforce challenges. Fire safety systems and certification programs ensure the safety and security of residents.

How is this Retirement Communities Industry segmented?

The retirement communities industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Assisted living facilities
  Continuing care retirement communities
  Rest homes


Application

  Elderly people
  Disabled people


Gender

  Female
  Male


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By Type Insights

The assisted living facilities segment is estimated to witness significant growth during the forecast period. Assisted living communities within the retirement market cater to seniors who necessitate aid with activities of daily living but do not warrant continuous medical supervision. These facilities provide essential services such as meal preparation, housekeeping, medication management, and personal care assistance to uphold residents' autonomy and enhance their living experience. Assisted living residences are meticulously designed to emulate a homelike atmosphere, featuring private or semi-private living quarters and communal spaces for social interaction and recreational activities. Many establishments offer additional amenities, including fitness centers, libraries, beauty salons, and transportation services, to encourage residents' physical and mental w