The Byng Group
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The Industry Today


Today, many new factors are re-shaping the Retirement industry. Many older buildings need work, at the structural, infrastructure and room levels. New requirements for life safety systems are coming. Customer demands in this area are already driving the market. Installing new systems, staff turnover, retraining costs and vacancy loss are all attacking profit margins.


The next 10 years will bring far bigger challenges. As boomers become golden boomers over the next decade, the system, already strained, will need to accommodate 3x the current number of residents. That’s more than 10% annual compound growth for each of the next 10 years. Putting time-efficient, cost-effective systems into place now will position you well to crest the coming wave.


The skill set needed to manage a retirement home has grown enormously, and is poised for even more growth. Managing a single home has become more complex.

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The Byng Group is a fully insured, full-service interior renovation general contractor. We specialize in retirement apartments, turnovers and common area maintenance and renovations. Our dedicated project management staff is sensitive to the needs of seniors. Our integrated manufacturing facilities yield outstanding savings in time and money. We are large enough to serve any customer with distinction, many as exclusive supplier, yet entrepreneurial enough to creatively meet each customer’s unique needs. As leaders in our industry, each member of our team has been selected for their expertise and understanding of the needs and sensitivities of those we serve.
 
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