Retirement Living in York Region
Getting ready to retire in York Region. There are many types of housing available, from Townhomes, condo living, condo living in buildings geared to mobile, independent seniors, Retirement Residences that transistion into assisted living, Continuum Care, Nursing Homes and Long Term Care.
The options are varied and endless depending on your needs and wants. Support services are available throughout the region for ease of access. Senior Centres, with activities structured for everyones hobbies and tastes abound throughout the region.
For puposes of defining the multitude of retirement Options available to Seniors, I have categorized these options into Stages 1-5
Stage 1 - Condominium Living
Often our first steps toward a retirement lifestyle is the transition from a single family home to a Condominium Lifestyle. That can be anything from a townhome to a highrise. The motivation is usually the same. The kids have grown and are off to University, careers or starting their own family. The traditional family home is no longer needed and there is a desire for a more maintenance free lifestyle and the freeing up of more leisure time.
Stage 2 - 55+ Active Adult Lifestyles Communities
These Lifestyles communities are often Gated Communities and are much more prevalent in the U.S. but growing in popularity in Canada. These gated communities usually appeal to active seniors or empty nesters that want to get away from the responsibility of snow removal, grass cutting and exterior mantenance so they can travel, spend winters in a southern climate or just enjoy sports and activities. These gated communities offer a variety of options from detached and attached bungalow models or townhomes, usually open concept 2 bedroom models with attached garage ( sometimes with added loft space) to adult condominium apartments.
They offer a maintence free lifestyle as well as community activities within the gated community which are open to residents only, that can range from golf courses, pools, recreation and fitness centres, classes and endless special interest clubs.
You get convenince but as much privacy as you desire.
These communities can be via purchase of the property at market value or a life lease arrangement depending on the community.
Many of these gated communities are situated outside the the major metropolitan areas in the smaller outlying towns and villages as many seniors look for a step down cost from their current home to enable the travel and activity level desired. Land costs can be less expensive and areas may be safer.
Stage 3 - Retirement Residences: for independent seniors that my be finding house management difficult, may have limited health issues or just may be lonely. They have dining and recreation facilities all geared to their senior residents. They are mostly 1 and 2 bedroom suites with kitchens. These buildings range from ultimate luxury that includes everything you need to moderate, comfortable accomodation that is more affordable. Most of these residences are private pay. CMHC determined that the average cost of a suite for 2011 to be ~$3000.00 mth, varying from $1500.00 to $6000.00. These residences fall under the Residential Tenancy Act and the Retirement Homes Act.
Stage 4 - Assisted Living: Retirement Residences that offer assistance with basic activities like bathing, dressing, gooming, medications to more extensive services depending on the facility. Often assistance is dedicated to certain floors with their own dining and activity areas at additional costs.
Stage 5 - Continuing Care: is usually associated with residences that offers various service packages/floors that increase their service involvement as their tenants age and needs arise.
Stage 6 - Nursing Homes or Long Term Care Homes: a move to a long term care home is almost exclusively based on need for significant health care services. with high levels of personal care and support. Residency is partially funded by the Provincial Government and partially by the Resident. The services, accomodation and prices are all standard for all long term care homes. Residency is subject to assesment by the local Community Care Access Centre. The basic bed cost is $1619.08 mth*, A semi-private bed is $ 1862.41mth* and a private bed is $2,166.58* (*as of end of 2011). Subsidies are available for residents that cannot afford the basic bed.
Explore Your Options
Senior Support Services & Home Care