New Housing Solutions for Seniors

In Canada, seniors are the fastest-growing segment of the population. In the 2016 Census, people 65 and over out-numbered children under 15.  Twelve years from now, almost a quarter of Canadians are projected to be seniors. Baby Boomers have fewer children to take care of them, and with housing options becoming increasingly expensive, they are looking for alternatives.

Ontario Realtor, Laura Bielak, has seen first hand how community support in shared living can literally change your life, recently selling a client a unit where community support is a way of life.

“With all of the extra amenities for people living on their own aged 55 and up, it can be just like living in a hotel,” said Bielak, at Re/Max Escarpment Realty Inc.

In seniors cooperative housing, typically, 55 and older residents can benefit from cohousing living as they have a say in how the community is run. For seniors who want the comfort of having company, the security of the community and the reduced cost of ownership, coop housing is a great option. Retirement homes come with their own set of challenges and with boomers healthier than their predecessors, there is no need.
The concept of seniors community housing is not new. It had been a very popular option in the midwest U.S. for almost 20 years. It is a fairly new concept in the Canadian market. Harbourside, a cohousing development in B.C. broke ground in 2014.  It was founded by a few baby boomers that realized their housing options were slim. A sleek design and thoughtful layout have drawn residents from all over Canada and the U.S.

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