Seniors in Transition
According to the 2011 Census (Ontario and Its 49 Census Divisions), the number of seniors aged 65 and over is projected to more than double from about 2.1 million, or 15.2 per cent of population in 2013, to over 4.5 million, or 25.5 per cent, by 2041. Our population will see a spike in the number of seniors in a relatively short period of time. In 2015, for the first time, seniors accounted for a larger share of population than children aged 0–14.
This presents both challenges for our government, local businesses and entrepreneurs, and the seniors themselves.
Some entrepreneurs are looking at ways to offer serious and needed services to satisfy the needs of seniors and in some cases, extending their independence. In just a few minutes, I was able to compile a list of services and emerging businesses that do just that; provide unique services to our aging population. :
- Senior transportation
- Concierge service
- Adult day care
- Tech training
- Seniors dating services
- Relocation services
- Estate sale companies
- Health care services
- Tailor or seamstress
- Handy person
- Lawn care
- Junk removal
Even for existing companies, adjusting business practices to become more senior friendly could pay off significantly. Seniors tend to be more loyal shoppers and if you can provide a comfortable experience and build customer trust, you may have a happy and devoted customer for life. In the article “In An Aging Nation, Making Stores More Senior-Friendly,” Ashley Milne-Tyte explores this topic.
Recently, an Ontario man passed away and left his estate to the Hospital For Sick Children. I had heard before that estates in part or whole can be left to a charity or cause. I can only imagine the careful thought that goes into a decision like this. In turn, the hospital selected A2B Estate Sales out of Oshawa, Ontario to conduct an estate sale of all the contents of the home. What is amazing to me is that A2B Estate Sales set-up and conducted the three day estate sale and all proceeds went to the Hospital For Sick Children. I had an opportunity to speak with Denise Fernandes, the Director of Gifts and Estates at the Hospital for Sick Children Foundation. She gave excellent insight as to how the program works, their involvement with A2B Estate Sales, and how anyone who wants to participate in the Foundations program can reach her. The entire audio interview is available below.
To my surprise, I received an email from Lisa at A2B Estate Sales and was invited to interview her for this article at the estate sale held for the Sick Kids Foundation. When I got there on the second day of the sale, I was surprised at the number of people that were there, and it seemed that wave after wave, more people would pour through that home. From the time we arrived to the time we started shooting the interview, more and more items were sold and the place was noticeably getting thinned out. View the interview below.
In our final article, we will explore services available through all levels of government for seniors and those providing services to seniors.