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As we begin this next phase of The Caring Group, 2011
brings exciting opportunities for growth. It is our intent to
continue our acquisition process, growing in select markets
throughout Western Canada.
The lower-mainland of Vancouver has a very strong appeal
for The Caring Group. The population base in Vancouver
is in excess of 3,000,000 people, with the Baby Boomers
comprising a large portion of that population.
The “Baby Boomer” impact (people born between 1945
and 1960) will contribute to an increase in the death
rate of over 50% in the next 10 years. This is the largest
portion of the Canadian population and the mean age of
the Boomers will hit 80 years by 2020; with a graduated /
accelerated death rate growth estimated at 5% per year.
There are several opportunities in British Columbia and
the Okanagan that also appeal to The Caring group. We
will continue to investigate opportunities as they avail
themselves. |
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The Prairies also have provided opportunity for us
to explore; specifically urban centre of over 50,000
population.
We feel that the overall funeral home market is full of
opportunities. We are in a buyer’s market, with many
owners / principles choosing to retire and succession plans
presenting themselves as few and far between; The Caring
Group is well positioned for growth.
Our challenge is to find the acquisitions that lend
themselves to our business model and offer the highest
opportunity for growth and profitability.
We look forward to the continued growth and prosperity
and intend to lead the way in the Canadian funeral
profession. |
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