The City of Martensville has released the Martensville Seniors Affordable Housing and Care Project Functional Plan along with the Martensville Housing Need and Demand Market Assessment Report and Martensville Demographic and Seniors Market Segments Supplement. The Functional Plan included a market review, demographic modelling, stakeholder discussions, feasibility assessment, and business plan for an affordable and seniors housing opportunity.
“The City of Martensville is focused on supporting growth and delivering a great quality of life for its residents. Housing is the cornerstone for current and future residents, families, seniors, students, and individuals wanting to live in a thriving community,” said Martensville Mayor Kent Muench. “The Functional Plan was developed to determine the opportunities and the path to meeting the future housing needs of Martensville.”
The Martensville Seniors Affordable Housing and Care Project Functional Plan forecast a base need for an estimated 2,498 to 3,658 additional dwelling units including the housing needs for seniors between 2016 and 2028 with an average annual growth rate of 208.2 to 304.8 total dwellings growth per annum over the next decade. Seniors housing is estimated to represent about 38.0% of the new houses needed in the community or 1,393 units geared to citizens 65 years and older between 2016 and 2028 or on average 116.1 net additional seniors’ dwellings per year.
The Martensville Seniors Affordable Housing and Care Project Functional Plan was prepared by Preferred Choice Development Strategists with support from the City of Martensville. “Martensville has a consistent history of strong population growth and housing development,” noted James Leier with Preferred Choice. “The city is well positioned to continue to be a national leader in housing growth over the next decade.”
“The City of Martensville was looking to determine the community housing needs for families and people of all ages from affordable to market housing,” stated Martensville Community Economic Development Manager Dillon Shewchuk. “The findings of this project will be utilized to encourage, facilitate, and assist developers, builders, and proponents to advance housing projects to address the projected housing needs of Martensville over the next several years.”
A copy of the Martensville Seniors Affordable Housing and Care Project Functional Plan is available at Martensville.ca under ‘Planning for the Future’ along with the Martensville Housing Need and Demand Market Assessment) and Martensville Demographic and Seniors Market Segments Supplement.
Image provided by D. James Leier of Preferred Choice Development Strategies
