Your Retirement Living Options

Consider each of these options and focus your search on the types of retirement communities that best match your needs.


Lifestyle and Care Options


Retirement Options

Who is it for?

Is care provided?

55+ Baby Boomers: Ideal for healthy, active adults beginning their retirement who want accommodation and services in a secure environment with a community of peers. These residents usually do not require assistance with day-to-day activities. These purpose-built houses or apartments in planned or gated communities are restricted to seniors. Many include golf courses, art studios and similar hobbies.
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No care provide. Off-site home care and support available for additional fees. See our Home Care section for services in your city.

Independent Older Adults: Ideal for seniors who want to live in a community of people their age with similar interests, and have all of their daily tasks taken care of. These residents are in good physical and cognitive health and need only some light assistance with tasks such as laundry, transportation and meals.
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Meals and housekeeping typically included with little to no health care. Off-site home care and support available for additional fees. See our Home Care section for services in your city.

Seniors needing a little assistance: Ideal for residents of all ages with some limitations in physical/cognitive health, assisted living communities are designed for residents requiring on-site assistance with personal care, mobility, medication management and support.
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Daily support and personal care, meals and medication assistance included. Additional companionship care may come at an extra cost.

Seniors requiring 24 hour care: Intended for seniors requiring access to 24-hour care and daily support services for physical and/or cognitive conditions, as deemed eligible by social service agencies. A wide range of care and different levels of service, including for Alzheimer’s and dementia, make this an ideal community for a wide variety of people.
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All inclusive 24-hour care and support.  Personal care, hygeince, and administration of any medicines. Routine doctor check ups may also be included. Additional companionship care may come at an extra cost.

When extra care is needed at home or in a retirement community: Ideal for individuals who want to remain at home with assistance from a home care agency, including the chronically ill, or people recovering from illness or surgery. Agencies usually charge an hourly fee to provide a range of medical and non-medical services for personal care, homemaking, meal preparation, transportation and social support.
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Any type of home support (housekeeping, meal preparation) personal support (hygiene), companionship or medicine administrtion may be available at various costs. See our Home Care section for services in your city.



Ownership Options


Renting

Renting

The most popular selection. A suite or apartment in a retirement home offers privacy, freedom from obligation and access to care, all on a pay per month basis.

Owning

Owning

Purchasing a unit outright allows you to build equity and benefit from increases in the real estate market. The communities offer a range of amenities for a fee, from housekeeping and snow removal, to personal support and health services.

Life-Leasing

Life-Leasing

An underappreciated option that combines the best of both renting and full ownership. You avoid the hassles of home-ownership – from security to taxes and maintenance – while also gaining any capital appreciation on the leased suite. This option is growing more popular.



Compare ownership options: Buy, Rent or Lease?