Retirement Home Trends

Trends lean towards more variety and active, social lifestyles 
Present and future developments in senior housing in North America

Originally published by Comfort Life

• High-end luxury seniors' residences and communities offering a vast choice of amenities, including spas and state-of-the-art fitness clubs, bowling alleys and putting greens, beauty salons, art studios, Internet lounges and gourmet dining
• Increased demand for more varied recreational and social activities
• Increased demand for luxury, shown by the fact that expensive two-bedroom suites have the lowest vacancy rates
• "Customer-centric" service. This is the mantra of today's retirement home industry
• Ownership as an option to stricly rental facilities, with growing interest in retirement condos and life-lease homes
• Active seniors joining retirement communities at a younger age
• Seniors retiring to cottage country and eventually moving into a retirement residence there (compared with Ontario as a whole, a higher percentage of the age 75 and over population in areas like Muskoka and Simcoe County are living in retirement residences)
• Meeting the needs of active seniors as well as those needing more care, allowing residents greater opportunity to age in place
• Broader range of health services with more health-care support than in the past
• Developers planning and building retirement residences and communities today, anticipating the amenities and services that will be in demand in 10 to 15 years. However, most of the luxurious residences being built today will be mid-range in 20 years from now when standards are set even higher

Retirement home trends boiling under

The experts looked into their crystal balls and told us what they see as the future of retirement homes in North America:

• Destination retirement communities, with people from across the country gravitating to these purpose-built, expansive communities where residents can age in place
• More choices, including condominiums, townhouses, bungalows, arranged in small and large settings to cater to increasing consumer expectation and market demands
• Larger suites in retirement residences
• More varied and lavish amenities and services, e.g., a home theatre in every suite
• Greater range of innovative programming, including opportunities for continuing education
• Higher levels of health-care services supporting aging in place

Mississauga Senior Real Estate: Working With a Lifestyle 55+ Affiliate

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Have questions or need advice on how to make decisions based on choice and not circumstance? As a Lifestyle 55+ Affiliate, I believe that every senior deserves personalized service, deep local market knowledge and a commitment to putting their needs first. That's why I offer a range of services that are designed to meet the unique needs of seniors in Mississauga, including:

• A free, no-obligation consultation to discuss your real estate goals and needs
• Specialized expertise in helping seniors navigate the downsizing process
• Access to a network of trusted professionals, including movers, estate planners and home stagers
• A commitment to transparency, honesty and integrity in all of our dealings

If you have any questions about real estate in Mississauga or the downsizing process, don't hesitate to contact me, Deborah Clerk, Real Estate Sales Representative and Lifestyle55+ Affiliate with Keller Williams Real Estate Associates, Brokerage. I am here to help you every step of the way, and we look forward to working with you soon.