How Does CMHC (2008)describe the Current Approach to Housing for Older

question 88

Multiple Choice

How does CMHC (2008) describe the current approach to housing for older people in Canada?

• A) excessive institutionalization
• B) aging in place
• C) too much security and too little autonomy
• D) no-frills residency

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Definitions:

Short-Term Bank Loans

Loans provided by banks that are typically due for repayment within a year or less.

Banks

Financial institutions licensed to receive deposits, offer loans, and provide various other financial services.

Repay

To pay back or return money that was borrowed from a person, bank, or financial institution.

Risk

The potential for loss or the chance that an investment's actual return will differ from the expected return.