How to secure a future you can count on

Advice from PARC Senior Living

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In the Comfort Life Spotlight

The last three years have been a veritable roller coaster ride for the economy—and all of us are doing our best to navigate the ups and downs! Inflation, interest rate increases and rising costs of living have all made a significant dent in our collective pocketbooks—and this has been especially challenging for seniors.

As more and more people take a hard look at their budgets and lifestyles, aging adults may be faced with some difficult decisions around where—and how!—to best enjoy their later years.

Whether you’re a senior living on retirement savings, investments, or the proceeds of real estate equity to finance a chosen lifestyle, we can safely say that all aging adults want to live securely in the knowledge that they’ve made the right choice and have some predictability in how their money will be spent well into their retirement.

Of course, uncertainty about the future can make effective decision-making more challenging. So let’s walk through some aspects you should consider when deciding your next move.

Learn more about PARC Senior Living

PARC Senior Living retirement communities

Summerhill PARC  

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.

Lifestyle Options: Independent Living

Cedar Springs PARC  

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.

Lifestyle Options: Independent Living

Westerleigh PARC  

725 - 22nd Street, West Vancouver, British Columbia, V7V 0B3

Westerleigh PARC offers refined independent living in one of West Vancouver's most sought after addresses. Studio, 1- and 2-bedroom suites available.

Lifestyle Options: Independent Living

Oceana PARC  

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.

Lifestyle Options: Independent Living

Mulberry PARC  

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.

Lifestyle Options: Independent Living

Breaking down the true cost of senior living

Whether you own or rent your home, there are certain costs you’ll need to consider in your budget.

For homeowners, even if the mortgage is long since paid off, there will be repair and maintenance costs, and these can be significant depending on the age and condition of your home. You may also need to include costs such as landscaping and yard upkeep, strata fees, utilities, and appliance repair or replacement.

For renters, whether in a condo, apartment or senior 55+ building, although many costs are included in the monthly rent, annual increases can present a significant unknown in your budget if you are not provided with that information well in advance. Knowing how much you will be paying annually for the next four years or more is one of the most important factors in determining how you spend and budget your hard-earned retirement income.

A unique way to secure your future in a retirement residence

At PARC, they've developed a unique solution designed to help keep rental costs known, predictable and consistent. For over 10 years, PARC has led the way in senior living by providing an important staple at all of PARC’s five residences. 

PARC’s SECURE FUTURE® program guarantees that your rental rate will not increase more than 3% annually for your first four consecutive years. Plus, when you choose PARC as your home beyond four years, know that their future rates have historically been lower than the increased cost of living in your current home.

We know the last thing you need is a hefty rate hike. SECURE FUTURE® not only increases rental rate security for their residents, it also enables them to budget and plan ahead with confidence. And it’s nice to have a little peace of mind during times of instability.

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