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Retirement Community is a term that can be applied very broadly to a variety of places where retired people live. In Canada, the term is often used interchangeably with retirement homes. More dogmatically, though, it refers to a community where people live in separate houses in an age-restricted community.
In the US – with its attractive, warmer climate - this type of retirement communities is more common. Here, residents may own their own homes or may have an arrangement such as a life lease. In the US, the distinction between retirement homes and retirement communities may be more important. These retirement communities may have extensive - and expensive - amenities such as a golf course, gym, shared pool and more.
That being said, there is a growing number of "retirement communities" in Canada.
View our list of retirement homes allowing ownership.
More importantly, though, many retirement homes in Canada and elsewhere are bridging the gap between themselves and these American style retirement communities. Many of today's retirement homes offer more luxurious and appealing amenities such as indoor golf greens, for example.
In addition, there are many retirement homes that now offer life leases and other ownership options including retirement condominiums. In still other cases there are naturally occurring retirement communities (NORC).
We encourage you to check out the option of a life lease retirement home.
We also list numerous places offering retirement condominiums. |
