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.
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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.