The Canada Mortgage and Housing Corporation senior citizen housing report has revealed that retirement home vacancy rates are decreasing across Ontario. While areas of the province have seen something of a boom in new retirement homes recently, the Baby Boom generation has already begun to retire, and within the next five years will begin to reach peak retirement home age.

The demand for spaces in retirement communities and retirement homes will continue to increase, Ontario housing surveys manager Ken Sumnall told YorkRegion.com.

He also notes that retirement residences are beginning to reflect the baby boomer lifestyle. “New retirees are looking for a higher standard of living,” he told the website. “Now, you are seeing more pools, theatres and media rooms. And it is not just a projector on a wall with some chairs. We’re seeing more homes with actual mini theatres.”