Box : Adding Up The Senior Population
Box 2 contains a flow chart of the population of persons aged 65 and over in Canada according to the 2011 Census. This population includes all persons living in private and collective dwellings in Canada. Persons on a governmental, military or diplomatic posting outside Canada are excluded.
This population is divided into two categories: population living in private dwellings and population living in collective dwellings.
The category of population aged 65 and over living in collective dwellings is in turn divided into two categories: those living in special care facilities and those living in other collectives.
There are two sub-categories for population living in special care facilities, namely population living in nursing homes or chronic care and long-term care hospitals, and population living in residences for senior citizens.
The counts and percentages are as follows:
- Population aged 65 and over: 4,945,000
- Living in private dwellings: 4,551,905
- Living in collective dwellings: 393,095
- Living in special care facilities: 352,205
- Living in other collectives: 40,890
- Living in nursing homes, chronic care and long-term care hospitals: 224,280
- Living in residences for senior citizens: 127,925
1. Includes all individuals living in private or collective dwellings in Canada. Persons outside Canada on government, military or diplomatic postings are not included.2. Nursing homes, chronic care, long-term care hospitals and residences for senior citizens.
Pros Of Living In A Retirement Village
Save money on living expenses: Many women over 60 today would love to downsize to a smaller home. Moving to a retirement village is one way to downsize by selling your larger house and moving to a smaller apartment with communal spaces to share with the neighbors.
Save time on chores: Living in a retirement village will likely save you a lot of time on yard care, cleaning and home maintenance leaving you more time to explore your other interests and hobbies.
Onsite skilled nursing care: Once you get to a point in life where you need medical care or nursing care, a retirement village has all of the resources and amenities right there outside your door.
Social activities: Retirement villages often have active social calendars with concerts, wine tastings, cultural offerings and other fun things to do with your fellow older adults.
Retirement Homes In Ottawa
Retirement homes are privately owned facilities that can be rented by seniors who are able to live with little or no outside help. This type of senior living community is ideal for seniors who prefer to live much more independently than in a long-term care home or supportive housing.
The Retirement Homes Act protects senior individuals who are living in Ontario retirement homes. All retirement homes in Ontario are regulated by the Retirement Homes Regulatory Authority , enforcing care and safety standards and supporting the rights of residents through licensing, inspections, and investigating complaints.
The cost of rent in retirement homes ranges from 1 500$ to 6 000$ per month for a private room or apartment. You have the option to add meal plans and other services to your monthly accommodations. The common inclusions in retirement home services are your own room or apartment, full wheelchair access, housekeeping, meals, laundry, social and recreational programs, shared dining rooms, common areas, lounges, gift shop, beauty salon, chapel, swimming pool, library, and gardens. Some of these services may be availed for a fee, and it is advisable to coordinate with the management of the specific home you are interested in to know the specific costs of their services.
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Cost And Availability Of Retirement Homes In Mississauga
In 2021, the grew by less than 1% to $3,236 a month. One and two-bedroom suites were in greatest demand. In Mississauga and Peel Region, the average rent for a retirement home was $4,408, and the median rate was $4,351. Mississauga senior living communities listed above start as low as $3,400 for a seniors apartment in a building where youll have an active social life, surrounded by senior peers. Starting rates for memory care are as high as $4,495. Consult listings above for more details.
In 2021, there were approximately 67,399 senior housing units available in Ontario . In Peel Region, there were 3,495 total units with vacancy rates at a long-time high of 25.4%, attributable to the COVID-19 crisis. In 2020, vacancies were at 15.7%, a rate to which the regions communities should soon return.
Note that renting is only one way to finance a retirement home suite, . Other options include and . Some communities offer different financing options, but most are built around a single financing type, .
To help pay for retirement homes, most seniors use pensions, RRSPs, CPP and other income like the sale of their home. Many seniors now find the luxurious lifestyle of communities much more accessible thanks to the GTA real estate boom. Homes purchased years or decades before gnerate over a million dollars in equity. Look at a .
Take a full look at a .
In Elliot Lake Your Dollar Goes Further
Offering the most affordable retirement lifestyle in Ontario, with rentsfrom as little as $635.00 per monthyou can afford to do the things you have always wanted to, in your retirement.
When you compare Elliot Lakes average monthly rent for a 2 bedroom apartment versus other locations in Ontario, Elliot Lake is the most affordable.
- Elliot Lake $743
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The Retirement Advice Most People Dont Expect: Spend More Money Have More Fun Give More Away
1. If you move out of your home, you are leaving behind meaningful expenses. First off you will eliminate most of your food costs and utilities. If you are renting, you will eliminate your rent. If you are an owner, you will eliminate your condo fees and/or maintenance costs, as well as realty tax. It is impossible to provide a general savings number given the range in lifestyles and realty costs across the country, but it would be fair to say that most people will eliminate anywhere from $18,000 to $60,000 a year by not living at home.
Costs Of Retirement Care In Toronto
Seniors can rent, own, or life-lease suites and entire homes, . The most common financing option is renting, however, and that’s what we’ll address.
In 2020, the average rent in Ontario grew by 2.8% to $3,865 a month. The vacancy rate for standard spaces increased to 11.0% across all seniors housing unit types.
As seen for many years, Etobicoke had the highest average monthly rent in Ontario, at $5,559.
To come up with the funds to pay retirement home rent, most seniors use a combination of their pensions, RRSPs, CPP and other income. Many seniors use the profits from the sale of their home and even help from family members to cover their costs.
Use a retirement calculator, like , for help understanding and managing the costs associated with retirement home living.
For seniors who need financial assistance, its good to know that some retirement homes work with the City of Toronto to provide subsidized help for seniors, however due to high demand it is difficult to receive this subsidized care. Contact the City of Toronto for further details.
The Trillium Drug Program is another option for seniors looking for financial help. The TDP helps people with high prescription drug costs relative to their household income. It covers a number of approved drugs and almost anyone who has an Ontario health card, lives in Ontario and is a senior over the age of 65 years of age is eligible to apply.
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Seniors Housing Programs From Canadian Provinces And Territories
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.
Find out about programs by contacting your provincial or territorial housing office or looking at the following links.
Important Financial Trends For Retirement Income 2022 And Beyond
Average retirement income in 2022 is somewhat driven by choices retirees made long ago where did they work, how much did they save, did they buy a home, and more. However, retirement income is also driven by decisions retirees make today and trends driving the overall economy.
Here are some financial trends that may impact your retirement income:
Senior Living Community Lifestyles
The day may start off with a group hike in the nature preserve across the street. It could move to an afternoon shift as a volunteer at the cultural museum a few blocks away. And it can end with a game of poker or a concert by the local universitys classical music students.
This is life at senior living communities across the country. Whos enjoying this kind of lifestyle? A lot of people like you.
Whether you visit an independent living community, an assisted living community or a Life Plan Community , youll find residents participating in a host of different activities, programs, clubs and committees. Its not about simply keeping busy these opportunities are designed to give residents choices to do what they want, find fulfillment, and thrive during their retirement years.
Youll also find that each communitys culture is shaped by the people who live there. So youll see some communities oriented toward volunteerism and social action, for example, while others thrive on culture, academia or the outdoors.
Average Retirement Income From Work:
Work after retirement is becoming an important part of retirement income.
Before the pandemic, the Bureau of Labor Statistics reported that increasing numbers of people over 65 and even over 75 would be remaining in the work force. And, a report from the Transamerica Center for Retirement Studies study found that more than half of workers plan to work in retirement, either on a full-time or part-time basis.
And, 81% of those boomers cite financial reasons the need for retirement income for continuing to work.
However, this research contradicts the headlines reporting on the great resignation, massive numbers of people retiring. And, in fact, Pew Research reports that half of everyone over 55 is now out of the labor force due to retirement.
How To Choose A Retirement Home In Barrie
Doing your research and keeping in mind what is most important to you or your loved one are the key aspects of . With this in mind, the search doesnt have to be stressful its just matter of asking yourself, and prospective residences, the right questions.
For more points to consider and some common questions and concerns about retirement homes, please visit our page .
What are your heath care needs? What is your preferred location? How important are meal and laundry services? Will you need more care in the future? Begin to ask yourself or your loved one questions in advance. Families and seniors often plunge into the search without a clear idea of their wants and needs, or dont start searching at all until a time of crisis occurs.
Starting your search unprepared or during a family emergency can cause unnecessary stress and conflict, so whether you or your loved one has been looking forward to enjoying the benefits of a retirement residence or wishes to stay at home, it is always a good idea to do some pre-planning. The first step to choosing a retirement home is knowing the answers to the following four questions:
- What do you want?
- What you can afford?
- What is your preferred location?
Start creating your shortlist today by finding retirement communities through our , or get started by contacting the retirement residences in and around Barrie below.
Types Of Senior Care In Mississauga
Retirement homes in Mississauga offer graded levels of care to meet the varying health needs and living styles of seniors. Most homes will use a common language to describe these different levels.
Starting with the most hands-off care and proceeding to the most hands-on, the different levels are: “active adult living” “indendent living” “assisted living” and “long-term care” .
Some homes will specialize in only one of these care levels — say, a community that only caters to active adults, or only caters to seniors with health needs that aren’t serious . Residents benefit from having the whole staff 100% dedicated to servicing their level of needs. They might also prefer a more homogenous environment where fellow residents are similarly active and able.
Other communities offer a “continuum” of care, which means the same residence caters to seniors of varying needs. These allow for healthy, independent residents to live in an independent suite and, as their health changes, move to an assisted living suite in the same community. Seniors can thus ensure their changing health needs are addressed while remaining within a familiar community of friends. The phrase “nursing homes” is no longer used, in favor of other terms that speak more so to the wealth and depth of care offered in these homes, incorporating medicine, technology, occupational and experimental therapies, and much more.
and communities are the most common type of retirement home in Mississauga.
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Medical And Safety Services In Barrie
The York Central Hospital and Royal Victoria Health Centre are Barries largest hospitals, but there are many smaller health centres throughout the region. The Barrie Community Health Centre and Saint Elizabeth Health Centre, for example, and several massage therapy, physiotherapy and chiropractic centres, serve the community as well. Hospitals and emergency care are only a short distance from Barries retirement residences, but the communities themselves provide excellent day-to-day health care.
Todays retirement homes make resident wellness their first priority, in terms of both safety and medical, physical, social and emotional health. Residences are equipped with health teams, dieticians, activity co-ordinators and state-of-the-art facilities to help residents stay healthy and active. The meals served in assisted living and long-term care residences are specially prepared and planned by diet co-ordinators and professional chefs to be both healthy and delicious. Meals can also cater to the specific dietary needs of residents, whether they be faith or health related.
Residents can also take advantage of the help of on-site or visiting doctors, registered nurses, personal care workers and nursing aids. These health teams ensure that all residents health needs are taken care of. Some of the preventative services provided by Barries assisted living communities include:
- 24/7 nursing care
- Advanced Alzheimers and Dementia therapy and care
- Continence care
Always Learning In Barrie Retirement Homes
Make this year a year of learning! Explore what your city has to offer by learning about its history and heritage today.
Here at Livita Barrington, we always support our residents desire to live a purposeful lifestyle. We are a retirement community in Barrie that aims to provide residents with meaningful experiences that will let them thrive!
Looking for independent or assisted living in Barrie? Contact us today to speak with our friendly staff!
Thinking Ahead To The Long Term Advantages Of Bungalow
Typically, when you purchase a home, it is going to be your place of residence for several years to come. You may not be looking at the future as you move, but here are a variety of hidden advantages to moving into a bungalow, as your retirement home:
- Bungalows make it easier for you to have your accessibility-challenged friends over. Over time, more people you know will have health issues and may take on mobility challenges that make being on one floor so much more convenient.
- Bungalows reduce the greatest danger as you age: the danger of falling. Many people who end up in a retirement home, move there after a fall. Many falls happen on stairways or sloping surfaces.
- They will reduce your future costs of home improvements. Stairlifts, in-home elevators and other accessibility add-ons are unnecessary.
In the spotlight:
Making The Right Choice
Now that weve covered the basic differences between long-term care homes vs. retirement homes vs. home care, its time to decide which is most suitable for your needs. This will largely depend on your medical needs, living preferences, and finances, which is summarized in the table below.
Once youve decided which type of living arrangement you need, you should also consider some additional factors before making your final decision. For example, does the home/provider have accreditations and awards? How many years have they served your community? Do they have positive reviews and ratings?
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Historical Landmarks Near Your Retirement Community In Barrie
One of the best things about learning the history of your community is understanding why and how things are the way they are. This understanding is how you can gain more appreciation for the environment that you are in.
What better way to learn about Barrie, ON than to explore the different historical sites it has to offer. Plan a day trip with your friends or family and visit these interesting sites:
Medical And Safety Services At Mississauga Homes
A core benefit of retirement home life is the added health and safety servicesno matter what the care type of the suite/home.
However, different homes will offer different health amenities. When looking into communities, ask if any of the following are included in the rental cost or living package you chose:
- An on-site doctor, or a doctor who visits residents on a regular basis
- On-site nursing staff
- Recuperative programs
- Dietary programs
Mississauga homes often include 24 hour nursing care and doctor visits once or twice a week. Other services may include ongoing medical supervision and administration, oxygen assistance, physical therapy, or various care packages.
On the preventative end, many retirement homes in Mississauga also have wellness programs focused on keeping seniors strong and healthy. These programs may include full access to a nursing team, physiotherapist and personal trainer who work one-on-one with residents to maintain and develop their balance, core, cardio and strength.
Residents needing care outside the scope of what the retirement home can offer may hire home care or another form of one-on-one care sometimes a will pick up the tab for this extra service.
Two of the area’s largest and most advanced hospitals, Credit Valley Hospital and Trillium Health Centre, also offer a range of outpatient programs and clinics with the referral of a physician.
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