Significant Price Drops On Cost of Living For Canadian Seniors

Good news for seniors who want to have a safe and beautiful place to retire without spending a fortune. These senior living options are offering luxury at low prices right now.

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A normal living situation is not always ideal for seniors or retirees. Sometimes it becomes clear that they need a situation that offers more care and attention. Nobody wants to leave the home they have grown accustomed to, but sometimes it does need to occur. Fortunately there are many senior communities that still offer an independent living lifestyle.

Family homes require a lot of attention and care because they’re very large. The cleanliness of these homes is often overlooked when only one or two people are managing a home that was built for an entire family. Similarly, seniors cannot always manage the repairs and utilities especially if they are on limited social security or retirement benefits.

Many people are surprised to learn that senior facilities offer lots of unique benefits for seniors that they cannot enjoy in their homes. Senior living facilities come in all varieties that range from fully independent to 24/7 support depending on individual needs. Common choices include seniors only apartment complexes, assisted living facilities, cooperative housing or nursing homes based on your needs. Special attention and care can available 24/7 in each of these scenarios. Right now, the cost of rent in many places may be falling fast as senior apartment complexes are trying to fill vacancies. Some are even offering up to 2 months free for a signed lease. There may never be a better more affordable time to find a place to retire in luxury. Free grants and Government programs may even be available to qualified seniors to help reduce the cost even further.

Senior Living Facilities are Safe and Healthy

Some health issues like cognitive decline, mobility issues, and ongoing health problems can limit our independence as we grow old. We often need to make changes to our vehicles and homes in our old age. We also require more attentive care at this point in life. Sometimes, we cannot bear the expenses of these changes. For example, it costs nearly $6,000 if you want to install a wheelchair ramp in your home.

Senior living facilities can accommodate your needs at very affordable rates no matter whether you have cognitive or mobility issues. Seniors can stay safe and healthy in this environment, as all the required safety equipment is located on premises. Similarly, seniors can get proper medical assistance when they’re living in a senior living community.

One fun aspect of senior living facilities are the regular exercise and fitness classes offered. There’s no need to travel to a gym since everything is located within the community. It’s important to get physical exercise as we age and many seniors find this to be an enjoyable activity that is a highlight of their day.

Better Socializing Opportunities

Socializing with others gets a lot easier when you’re living in a senior living facility. Building quality space that allows people to socialize is one of the main things taken into consideration when designing a senior living facility. This helps seniors maintain close ties with their friends when they move into a development.

Many senior living facilities offer regular programming like quilting circles, book clubs, exercise classes and card games to their residents. These activities have the potential to generate positive cognitive benefits by encouraging seniors to socialize. Depression and other mental health issues can more easily be resolved when you stay physically active and social.

Studies show that your brain health is directly associated with physical and mental stimulation. It’s possible to improve your cognition and memory by socializing more and partaking in the activities offered by a senior living facility.

The residents of senior living facilities can also use private transportation to take part in fun activities, go grocery shopping, and attend religious services. For seniors can no longer drive themselves, finding a retirement home that offers these transportation services is quite important.

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It Can Be Affordable

It’s wrong to think that senior living facilities are expensive and that they cost too much to afford. When you compare a senior living facility to the cost of maintaining a home, you quickly realize that senior facilities can be much more affordable. Over 1 in 3 seniors are spending more than the recommended amount of money on maintaining their homes. These people would be able to save quite a bit by moving into a senior living facility. The money they save will come in handy if an unexpected bill or medical issues arises.

There are also grants and government programs that can help seniors with the cost of living and affordable housing. The Government of Canada, through CMHC, can help seniors find affordable, sound and suitable housing. Most Provinces and territories also deliver affordable housing programs as do many Canadian Municipalities. Seniors’ housing costs and programs vary by province and territory. If you’re a senior with a low income, see if your province or territory has any programs to help you get affordable housing. If you qualify, they may be able to help find you affordable housing options.