What important information will help me understand the rental market?
In retirement home rental, tenants pay a monthly fee that covers the cost of accommodations, amenities and any other services provided by the home. Monthly fees in Canada can range from $1,900 up to $5,000 depending on services paid for, size, location and amenities provided. The fee will usually cover light housekeeping, use of facilities, room, some meals, personal support and basic health care services.
In many provinces, landlord-tenant laws are in place to offer protection in arrangements like this. Before you rent a unit in a retirement home be aware of what laws apply, like in Ontario, where the Tenant Protection Act protects retirement residence tenants. Among other things, this law requires that each tenant be given an individualized tenancy agreement in writing. British Columbia residents can consult the online resource for residential tenancy laws in BC.
What should I be thinking about when searching for an apartment?
- Location is critical in any real estate decision. Is the retirement apartment optimally situated for your needs in terms of entertainment you like, proximity to family members and other important factors?
- Research using a variety of means. You may find several online resources handy but be sure to look in your Yellow Pages, keep your eyes open for advertisements for new places just opening and consider a variety of possible locations, considering different neighbourhoods, cities and towns and you might even consider different countries. Why not?
- Make several visits to consider different aspects of the retirement apartment you might be considering. For example, are the other residents friendly and happy? Is the environment busy or quiet? Check against your own prioritized list of wants and needs and pay attention to your own feelings.
- Get references from others, including residents and experts.
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2799 Yew Street, Vancouver,
British Columbia, V6K 4W2
A senior living community in Vancouver, BC offering luxurious seniors' apartments in an active community, along with assisted living and other options.
77 Dunfield Avenue, Toronto,
Ontario, M4S 2H3
The Dunfield Retirement Residence has established a new standard in senior retirement living in the Greater Toronto Area (GTA) with 177 spacious apartments. Where people come to LIVE!
10 Wildpine Court, Stittsville,
Ontario, K2S 1C6
At Wildpine, our staff ensure you get the highest level of care and service possible. We strive to provide the best service at the lowest prices, because money shouldn't stand in the way of worry free retirement!
3338 Wesbrook Mall, Vancouver,
British Columbia, V6S 0A6
This beautiful Vancouver seniors' community offers a variety of private suites, along with community services including dining, wellness activities and more.
438 West King Edward Avenue, Vancouver,
British Columbia, V5Y2J4
438 West King Edward Avenue, Vancouver, British Columbia V5Y 2J4
Opal offers a full continuum of support from Independent Living, Assisted living all the way to Complex Care, allowing the opportunity for aging in place.
15 Summerland Terrace, Toronto,
Ontario, M9A 0B5
A uniquely luxurious retirement living complex in the heart of the Greater Toronto Area, Tapestry Village in Etobicoke lets seniors live as they please.
2930 Erin Centre Boulevard, Mississauga,
Ontario, L5M 7M4
Mississauga's unique continuum of care concept featuring Independent Living Suites, Retirement Apartments, Full Service Suites with walk out patios, Assisted Care, Memory Care and Long Term Care.
60 Woodlawn Road East, Guelph,
Ontario, N1H 8M8
This elegant Guelph retirement home offers a range of care including assisted living and long term care, serviced by a friendly, caring staff.
3800 Brock Sreet North, Whitby,
Ontario, L1R 3A5
The Village of Taunton Mills in Whitby presents several levels of service from seniors' apartments with meals to assisted living to long-term care.
4100 Upper Middle Road, Burlington,
Ontario, L7W 4W8
Elegant Burlington, Ontario retirement home including everything from the current long term care to new independent living suites, offering various seniors services.
1620 Upper Wentworth St, Hamilton,
Ontario, L9B 2W3
The Village of Wentworth Heights is a full-service retirement living community offering retirement apartments, full-service suites, assisted living and memory care.
32 Bayberry Drive, Guelph,
Ontario, N1G 0A2
Guelph retirement home offers Assisted Living and Alzheimer's Care, includes 24 hour onsite nursing staff and features its own Town Square.
695 Block Line Road, Kitchener,
Ontario, N2E 3K1
This elegant retirement residence in Kitchener-Waterloo offers a continuum of care from long-term care to assisted living to independent living seniors apartments.
135 West 15th Street, North Vancouver,
British Columbia, V7M 1R7
Summerhill PARC near the heart of Lonsdale and 15th Avenue in beautiful North Vancouver offers a highly social retirement community living experience. 1- and 2-bedroom suites available.
105 Queen Street, Bowmanville,
Ontario, L1C 0T3
Bowmanville Creek offers Independent and Assisted Living programs. Tastefully designed spacious accommodations include a variety of suites ranging from roomy studios to large two bedrooms.
626 & 636 Prado Private, Ottawa,
Ontario, K2E 0B3
4180 Dundas Street West, Etobicoke,
Ontario, M8X 1X8
Situated in a treed ravine setting overlooking the Humber River, Delmanor Prince Edward provides vistas that vary from the serenity of the adjacent valley to the resplendence of the Toronto downtown skyline!
552 Holland St W, Bradford,
Ontario, L3Z 2H4
Located in the heart of a vibrant community, Holland Gardens is the perfect place to live, laugh and enjoy life. An exciting community offering a luxurious resort lifestyle, an ideal place for inspired senior living.
61 Fairfax Cresent, Scarborough,
Ontario, M1L 1Z7
At Presentation Manor you truly do have an opportunity to be yourself. Share a meal, join a reflection group or volunteer in the community, you’ll have the freedom to meet and interact with others as you please.
280 Government Street, Duncan,
British Columbia, V9L 0B5
At Sherwood House we offer active adult and independent retirement living, pet friendly, featuring delicious homemade meals, daily activities, weekly housekeeping in a secure environment in Duncan, BC on Vancouver Island
1111 Glenmore Trail SW, Calgary,
Alberta, T2V 4C9
Trinity Lodge Retirement Residence combines the elegance & style of a fine traditional hotel, with the security & warmth associated with senior living. Homecare staff is available 24/7 to give you support when needed.
3136 Dundas Street West, Oakville,
Ontario, L6M 0S5
Palermo Village is a luxurious 6-storey condo style residence that offers you the opportunity to enjoy a vibrant & active social life, while our chefs and skilled health care team focuses on your nutrition & well being.
13751 - 74th Avenue, Surrey,
British Columbia, V3W 1A8
Welcome to Arbourside Court, a retirement home in the heart of Surrey, BC. Proudly serving our senior residents since 2001. Many activities to enjoy and new friendships to be made, we are always bustling with laughter.
30 Adelaide Avenue East, Oshawa,
Ontario, L1G 0B8
Royal Heights is designed with your active & independent lifestyle in mind. Luxury apartments feature en-suite laundry, stainless steel appliances & balconies. On site Fitness room, salt water pool, movie theatre & more!
175 Rutledge Rd., Mississauga,
Ontario, L5M 0X7
Credit River is a 6-storey condo style residence, with an array of well-appointed suite styles to choose from and our highly-skilled health care professionals are available around the clock if you need them.
4088 Blundell Road, Richmond,
British Columbia, V7C 5V1
Like a condominium, you furnish your suite with the comforts from your home, including pets. At Gilmore Gardens, it's the people, residents and staff alike, that make this independent senior living community so special.
106 Crown Street, Trenton,
Ontario, K8V 6R3
Located on the east side of Trenton in a quiet neighbourhood. Enjoy beautiful suites of various sizes & layouts with advanced safety features. Elegant dining plus snacks & beverages included.
11800 Lake Fraser Drive, Calgary,
Lake Bonavista Village Retirement Residence is the perfect place for seniors to retire. You can choose from a variety of suite sizes in the main building or one of our unique cottages.
200 North Centre Road, London,
Ontario, N5X 0B1
A desirable retirement residence in London, Ontario, with 130 suites plus a variety of extensive amenities designed to provide the ultimate in retirement living.
1550 West 49th Avenue, Vancouver,
British Columbia, V6M 0B3
Located in Vancouver’s Kerrisdale neighbourhood, Granville Gardens offers residents the opportunity to stay active and live in a well-appointed urban community, surrounded by shopping centres, parks, community centres.
111 Bruce Street, Waterford,
Ontario, N0E 1Y0
Wellings is a vibrant community for adults 55+. Community clubhouse and parking is included. On-site secured storage is available for an additional cost.
Under construction: Phase two townhomes are now leasing
1510 St. Joseph Boulevard, Orleans,
Ontario, K1C 7L1
Forest Valley Terrace is proud to be the only community that is designed & dedicated to accommodate the needs of seniors with all stages of Alzheimer’s, dementia or other forms of memory impairment in Ottawa.
33 Hurontario Street, Mississauga,
Ontario, L5G 3G8
Port Credit Residence situated in the Mississauga area offers seniors a luxurious resort-inspired lifestyle. Enjoy an oversized pool, wellness centre, onsite physiotherapy, a movie theatre, library, spa/salon and more!
285030 Luther Rose Blvd NE, Calgary,
Alberta, T1X 1M9
Prince of Peace a variety of suites styles with kitchenettes and incredible mountain views. It's the perfect residence for seniors who are active, require some assistance, or have memory care needs.
7051 Moffat Road, Richmond,
British Columbia, V6Y 3W2
Courtyard Gardens offers an enriching community, with quality staff & friendly & caring environment. 107 Private & Subsidized suites in Assisted Living, 31 Private Pay Extended Care studio suites & 1 Respite Suite.
2881 Eglinton Avenue East, Scarborough,
Ontario, M1J 0A2
McCowan Retirement Residence is a vibrant and family oriented retirement home located in Scarborough. With team members who have been here since we opened in 2004, you can expect a warm welcome and a feeling of home.
70 Bernard Avenue, Richmond Hill,
Ontario, L4C 0W7
Richmond Hill Retirement Residence offers full service including meals, housekeeping, active adult, independent and assisted living. Our focus is on maintaining good health, great food, new friends & lots of laughter!
80 Elgin Mills Road East, Richmond Hill,
Ontario, L4C 0L3
Award Winning Delmanor Elgin Mills, has proudly served the Richmond Hill community over the past 15 years.
11479 Valley Ridge Drive NW, Calgary,
The Lodge at Valley Ridge is the perfect place for seniors to live, who want to maintain an active & entertaining lifestyle. Suites range from studios to 1 and 2 bedroom apartments with kitchenettes and balconies.
2132 Dundas Street West, Mississauga,
Ontario, L5K 2K7
Located in the heart of Mississauga, The Erinview offers an atmosphere of worry-free, comfortable living with personalized support in the presence of good friends.
110 & 120 Central Park Dr, Ottawa,
Ontario, K2C 4G3
Whether you're looking for independent living, assisted living or memory care, you can access them all in one location at Park Place. We are a vibrant, social community surrounded by parks and close to many amenities.
3235 Skaha Lake Road, Penticton,
British Columbia, V2A 6G5
The Concorde has a warm and welcoming atmosphere with comfortable dining & excellent views of the mountains, along with extensive program activities; The Concorde is perfect for an active living & entertaining lifestyle.
14018/14022 60A Avenue, Surrey,
British Columbia, V3X 2N2
LIFEMARK RESIDENCES,PRIVATE BEDROOM & BATHROOM
14018/14022 60 A Avenue Surrey,BC V3X 2N2
Chef prepared meals,housekeeping & Registered Massage Therapy, within a boutique living environment where friendships can thrive
25 Westhill Drive, Waterloo,
Ontario, N2T 0B6
The Westhill is an inviting atmosphere of new friends and great times, with personalized support services for better living. The Westhill is conveniently located in Waterloo, near The Boardwalk shopping area.
1248 Mohawk Road, Ancaster,
Ontario, L9K 1P5
The number one retirement community in the Ancaster and Hamilton Area. The Meadowlands offers personal choice in living accommodations, dining, recreation, social and personal services. Make the most of your retirement years at The Meadowlands Retirement Residence.
5731 Hazeldean Rd, Stittsville,
Ontario, K2S 1T1
Enjoy a vibrant new community for adults 55+ who share a passion for an active lifestyle. Studios,1, 2 bedroom apartments to rent include full kitchens, appliances, laundry, balcony, parking, concierge & dinner service.
1880 Glengrove Road, Pickering,
Ontario, L1V 0C6
V!VA Pickering is Durham's premier all-inclusive rental retirement community! Enjoy large suites, great amenities, delicious dining, and a Team devoted to Making Today Great for you and your family! Book your tour today!
6419 Lumberman Way, Orleans,
Ontario, K1C 6E8
At this park-like setting, seniors are offered the choice between studio, 1 or 2 bedroom suites. Bring along pets while enjoying a variety of customizable options, including a varied menu and recreational programs.
1460 Highway #2, Courtice,
Ontario, L1E 3C4
This award winning Oshawa retirement home is near parks and shopping, offering spacious seniors' suites and the option of assisted living care.
5781 Dunn Street, Niagara Falls,
Ontario, L2G 2N9
Cavendish Manor is within walking distance to the Majestic Niagara Falls, the vibrancy of which can be felt within the walls of our charming retirement home, where a friendly community of seniors live in harmony.
180 Bunker Ave, Corunna,
Ontario, N0N 1G0
Opened May 2017- Wellings of Corunna is a vibrant new community for adults 55+. We are a maintenance free rental community, focused on independent living with amenities designed to make everyday living more convenient.
1 Roxborough Road, Newmarket,
Ontario, L3Y 2P8
You'll feel warmth as soon as you walk through the door. The Roxborough Retirement Residence is both elegant and cozy with a dedicated and caring staff that go above and beyond for your well-being and happiness.
820 Scollard Court, Mississauga,
Ontario, L5V 0A1
Stylish Mississauga retirement home offering independent, full-service and assisted living lifestyles, featuring a hair salon, onsite bistro and much more.
9700 Bathurst Street, Vaughan,
Ontario, L6A 4V2
Vaughan's premier all-inclusive rental retirement community! Enjoy bright, spacious suites, modern amenities, delicious dining, and a Team devoted to Making Today Great! for you and your family! Book your tour today!
458 Donald B. Munro Drive, Carp,
Ontario, K0A 1L0
One visit to Carp Commons Retirement Village and you’ll see the difference in terms of amenities, food, services, programs, and the little touches that make it feel like home.
187 Wynford Drive, North York,
Ontario, M3C 0C7
A unique luxury retirement home in Toronto features extensive common areas, a rooftop putting green and a variety of other amenities catering to today's seniors.
1500 Steeles Avenue West, Thornhill,
Ontario, L4J 4H6
Four Elms is an elegant retirement residence, offering the finest in senior living. Choose a suite style that's right for you and enjoy an active lifestyle, fine dining and the company of good friends.
3758 Sheppard Avenue East, Scarborough,
Ontario, M1T 3K9
Shepherd Terrace offers a variety of independent and assisted living suites within the renowned Shepherd Village. With its long history of providing caring service you’ll love the amenities and the excellent services.
27 Weaver Crescent, Kanata,
Ontario, K2K 2Z8
Enjoy the natural setting of the surrounding Kanata Lakes with access to shopping, parks and churches at Symphony Senior Living Kanata. This pet friendly community offers a variety of service packages and suites to fulfill your unique needs.
6 Arthur Street, Carleton Place,
Ontario, K7C 4S4
Carleton Place Terrace welcomes pets: offers residents plenty of options with studios and one-bedrooms that may include a kitchenette & / or a walk-out . Activities & chef-prepared meals keep residents healthy & active.
8 & 10 Harbour Street West, Collingwood,
Ontario, L9Y 5B4
Balmoral Place offers a wide variety of programs, amenities and suite types to meet the needs of both independent residents as well as those individuals requiring additional assistance.
480 Metcalfe Street, Ottawa,
Ontario, K1S 3N6
Residents can choose their choice of suites with views of the Rideau Canal and Pretoria Bridge. Elegant dining, spacious ballroom, an indoor swimming pool and care services to suite all of your needs. Pet friendly.
3131 8th Line, Bradford,
Ontario, L3Z 4H2
The Elden is now open, bringing a fresh approach to retirement living. This beautiful residence is tailored for the “young-at-heart” senior. In fact, we like to think of it as UN-Retirement Living.
1128 Vansickle Road North, St. Catharines,
Ontario, L2S 3W1
A welcoming community of choice for seniors where Christian values and excellence are celebrated. We create a safe and caring community for seniors based on Christian values, respecting individuality and dignity.
148 Markham Road, Scarborough,
Ontario, M1M 2Z8
Scarborough Retirement Centre offers a variety of suites and apartments, with a library, pharmacy, seniors' centre, shopping, theatre and more nearby.
30 Peel Centre Drive, Brampton,
Ontario, L6T 4G3
Enjoy the luxury of a new community with the conveniences of home, including 3 freshly prepared meals, medication management, 24 hour supervision and a variety of activities.
275 Tartan Drive, Ottawa,
Ontario, K2J 0V2
Ottawa's newest all-inclusive retirement community simply includes more! From a saltwater pool to an incredible golf simulator, our impressive amenities are only matched by our commitment to exceptional care & service.
1238 Oakcrossing Road, London,
Ontario, N6H 0K2
Welcome to Oakcrossing Retirement Living, where we have a fresh perspective on senior living. Offering a large variety of studios, one- and two-bedroom suites with both retirement and assisted living services available.
600 Longworth Road, London,
Ontario, N6K 4X9
Voted London's Best Retirement Residence seven years running! We promote our passion for seniors living well by offering choices for an active, wellness focused lifestyle with the security of knowing help is at hand.
950 Centennial Drive, KINGSTON,
Ontario, K7M 0G8
Experience vibrant senior’s living - a world of choices, beautiful architecture, caring people and a diverse program of activities and services. Choose Kingsbridge Retirement Community. See how great life can be!
4151 Kilmer Drive, Burlington,
Ontario, L7M 5A9
357 Yonge St, Barrie,
Ontario, L4N 4C9
Located on Yonge St. just minutes from downtown Barrie, you can be the first to choose the suite style that's right for you. Retire in a comfortable & supportive community with superior services & outstanding amenities.
649 8th Avenue, New Westminster,
British Columbia, V3M 2R2
Thornebridge Gardens is one of New Westminster’s finest retirement residences, providing luxurious, worry-free surroundings with life enriching services that inspire healthy senior living. Many options are available!
1 Sixteen Mile Drive, Oakville,
Ontario, L6M 1P3
725 - 22nd Street, West Vancouver,
British Columbia, V7V 0B3
Westerleigh PARC offers refined retirement living in one of West Vancouver's most sought after addresses. Studio, 1- and 2-bedroom suites available.
175 North Front Street, Belleville,
Ontario, K8P 4Y8
The Richmond, combines an affordable lifestyle with comfort, security and friendly full service. You will feel a sense of warmth and know you are home the minute you walk in the door.
Forestview Retirement Residence, Toronto,
Ontario, M2R 0A8
Forestview Retirement Residence is North York's newest seniors' residence, set to open in March of 2018, we will offer Full Service Lifestyles & Assisted Living (on as secure floor). Call to reserve your suite today!
221 Milner Avenue, Scarborough,
Ontario, M1S 4P4
Sts. Peter and Paul Residence offers a modern, efficient, and self-sustaining seniors community operated by a professional and compassionate staff.
1459 Nottinghill Gate, Oakville,
Ontario, L6M 4W1
Delmanor Glen Abbey is an award winning Oakville retirement community with beautiful walking paths and outdoor amenities.
1665 The Collegeway, Mississauga,
Ontario, L5L 0A9
Parkland is located at Mississauga and The Collegeway next to the Glenerin Inn. We are surrounded by beautiful green space. For the past 6 years we've been awarded one of the top 3 Retirement Communities in Mississauga.
400 Ray Lawson Blvd., Brampton,
Ontario, L6Y 4G4
Southbrook is all about choice - the choice to do what you want, when you want. We celebrate independence but we are here to provide assistance whenever you need it. Southbrook....be a part of the family.
6440 Valley Way, Niagara Falls,
Ontario, L2E 7E3
This Niagara Falls retirement home features local activities and scenery in a luxury environment offering a comfortable lifestyle, care and peace of mind.
110 Rossignol Drive, Orleans,
Ontario, K4A 0N2
With so much to do nearby, it’s easy to forget why you might want to stay home, but with its exceptional dining, impeccable design, and fun activities, you’ll find Promenade has many attractions of its own!
3520 31 St. NW, Calgary,
Alberta, T2L 2A5
Welcome to the BRC, a beautiful assisted living facility located in the heart of Calgary's NW. Enjoy the peace of mind knowing that your loved ones are safe and cared for with our friendly and passionate staff.
1145 Bridge Street, Manotick,
Ontario, K4M 0G8
Manotick Place is situated in the heart of picturesque Manotick right on the Rideau River. We are an ideal choice for individuals who wants to embrace all that life has to offer.
1575 George St, White Rock,
British Columbia, V4B 0B6
At Oceana PARC, our residents thrive with access to physical and mental fitness programming, social activities, chef-prepared meals, transportation and more. Come discover why life is better at our new residence.
143 Byron Ave, Dorchester,
Ontario, N0L 1G5
Dorchester Terrace offers area seniors a variety of suite choices, wellness support services, medication administration, housekeeping services, physiotherapy and daily dining in an open restaurant-style dining room.
40 Freel Lane, Stouffville,
Ontario, L4A 0P5
Stouffville Creek is 118 suite retirement residence, just a short drive north of Toronto, conveniently close to major highways, shops and stores and features a fitness centre and more amenities.
4950 Pasqua Street, Regina,
Saskatchewan, S4S 7L2
At Wintergreene you'll discover a combination of independence, privacy, activities, health and wellness programs & friendly companionship to savour throughout your retirement.
30 Seacliff Drive, Leamington,
Ontario, N8H 0E5
At Seacliff Manor, we provide a vibrant, supportive retirement lifestyle complete with restaurant style dining and social events and activities. Choose from independent living, assisted living, and memory care options.
5575 Bonnie Street, Mississauga,
Ontario, L5M 0N8
Mississauga's premier all-inclusive rental retirement community. Enjoy bright, spacious suites, modern amenities, delicious dining, and a Team devoted to Making Today Great! for you and your family! Book your tour today!
111 Avenue Road, Toronto,
Ontario, M5R 3J8
Luxury and quality is in every corner of Hazelton from its lobby to its inviting Bistro & Bar. Offering amenities and services, Hazelton makes it easy for you to define and enjoy your lifestyle.
2604 Draper Avenue, Ottawa,
Ontario, K2H 9B1
Redwoods apartment style community offers suite with full kitchens, individual meal plans and valet service. Whether you're meeting friends for a drink, or for a swim, you'll love the social life at The Redwoods.
1 Canterbury Place, North York,
Ontario, M2N 0G7
Canterbury Place offers a variety of suites styles in an elegant condo-like building for active adults & those needing assistance. We offer a unique healthcare program for our residents including palliative care.
45 Metcalfe Street, St. Thomas,
Ontario, N5R 5Y1
Metcalfe Gardens Retirement Residence offers the perfect mix of old fashioned hospitality & an atmosphere that is full of excitement and vitality. Truly inspired senior living at its best, call to book a tour today!
3630 Brown rd, west kelowna,
British Columbia, V4T7Y9
The Heritage Retirement Residence encompasses an active living & entertaining lifestyle with supportive & assisted living measures, Our highly skilled registered health care team will provide assistance when you need it.
328 Dundas Street West, Napanee,
1335 Benson St, Oshawa,
Ontario, L1K 0W6
Harmony Hill offers comfort, security, and friendship, as well as the full range of amenities and services that you expect from a premier, active-living community.
15 Wellings Drive, Picton,
Ontario, K0K 2T0
The Wellings of Picton is a vibrant new community for adults 55+, in Prince Edward County. Offering 64,one bedroom plus den and two bedroom apartments with all appliances and outdoor balconies, pub, parking and dog park.
1140 Bloor Street West, Toronto,
Ontario, M6H 4E6
From gracious dining to new suites and lounges, residents are enjoying the new management and upgrades found at 1140 Bloor Street West, in the Heart of Bloordale Village.
3633 Mount Seymour Pkwy, North Vancouver,
British Columbia, V7H 0A9
Located near Mt. Seymour in Vancouver's North Shore, Cedar Springs PARC offers retirement living within a beautiful natural environment. 1- and 2-bedroom suites available.
5351 Yonge Street, North York,
Ontario, M2N 7L5
Delmanor Northtown is an exceptional hotel-style retirement residence in the heart of North York that offers a variety of luxury amenities.
611 West 41st Avenue, Vancouver,
British Columbia, V5Z 0C7
Legacy Senior Living is Vancouver’s premier retirement community offering luxurious boutique-style retirement living for independent, active mature adults seeking an exceptional lifestyle in the heart of Oakridge.
4067 River Road, Niagara Falls,
Ontario, L2E 3E6
Enjoy the warmth & personal touch of a private residence combined with the services & amenities of an upscale all-inclusive resort. We Overlook the Niagara River & are located close to Niagara’s downtown tourist area.
7230 Acorn Avenue, Burnaby,
British Columbia, V5E 4N9
Mulberry PARC is a welcoming home and community in the heart of Burnaby, BC with the largest 1-bedroom and 2-bedroom retirement home suites available.
867 KLO Road, Kelowna,
British Columbia, V1Y 9G5
Living at Hawthorn Park Retirement Residence means you have choices & can customize the services you need, as you need them. We offer three lifestyle opportunities; supportive living, assisted living & complex care.
2121 Kingston Road, Scarborough,
Ontario, M1N 1T5
Part of Scarborough history - located in the Bluffs/Beaches neighbourhood, where the White Castle Inn used to stand. Respite recovery, trial stays and winter retreats are all available, to help meet your wants and needs!
4202 54 Ave,, Lloydminster,
Alberta, T9V 2Z3
At Dr. Hemstock Residence & Hearthstone Place, our highly-skilled group of health care professionals and qualified staff are here to do whatever we can to ensure that all your needs are taken care of.
118 Market Street, Hamilton,
Ontario, L8R 3P9
What should I consider before signing a rental agreement?
- Review the entire building or property to ensure that it meets your standards of cleanliness, safety and neatness.
- Know and understand all aspects of property maintenance.
- Consider how appealing the area will be to your children and grandchildren.
- Read all rental agreements and documents carefully before signing.
- Choose a building or community you like then find out about the availability of units sized to your needs.
- Haggle over price – you just never know!
Renting a senior apartment offers the ultimate in flexibility. It is estimated that approximately 25% of all seniors prefer to rent without the headaches that go with ownership. This makes renting one of the most popular ways of living in retirement in Canada.
In many provinces, subsidized rental housing is available for seniors. Consult your provincial government website to learn about subsidies they may offer for renting retirement homes. This will vary from province to province and over time, of course.
The rental option gives you an easy out should your circumstances change. However, there are many other ownership options such as the increasingly popular life lease option. It is also becoming increasingly popular to buy a retirement condominium.
Retirement rental living vs. ownership
Many people consider ownership to be an obvious choice but this is not always the case. When you own your own home in retirement, there are still many expenses that you need to pay including taxes, heat and hydro, etc. When you rent, you have freedom to move out at any time that your rental agreement ends. You will also likely be paying a lot less per month than you would for most mortgages (assuming you are not yet mortgage-free). Be sure to consider all the different aspects of renting vs. ownership vs. leasing, in retirement. Rental living in retirement is an ideal way to downsize; in most apartments you will no longer have the cleaning needs or the upkeep needs that you will if you choose to remain in your own home.