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Published byBenedict Mosley Modified over 9 years ago
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2 -1 Market geography Housing options Promoting your market area 2. 50+ Communities and Properties
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2 -2 Market Geography 2000 Census showed majority (84%) of Canadians aged 65 and older lived in one of four provinces: Ontario Quebec British Columbia Alberta
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2 -3 Title of "Senior Capital" is shared by Victoria, B.C. and St. Catherines- Niagara area. Most seniors live in urban areas. Most seniors stay in their own homes to their 70s and 80s Market Geography
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2 -4 Independent Living Assisted Living Continuing Care Care Facilities Housing Options
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2 -5 Remaining in the current residence Aging in the community in a different residence Relocating for the last time to a community that provides a range of options Aging in Place
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2 -6 Ability to perform activities of daily living (ADLs) is key: Eating Dressing Getting into or out of a bed or chair Taking a bath or shower Using the toilet Facility should be a match for faculties and abilities Preparing to Age in Place
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2 -7 Active-adult communities offer a range of services, social events, amenities, and activities to attract and serve residents. Active-Adult Communities
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2 -8 Single-family homes Attached homes, duplexes, townhomes Condominiums Manufactured and mobile homes Cluster housing Subdivisions “Try-before-you-buy” option Active-Adult Housing Options
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2 -9 Apartments are small and easy to maintain Seniors can socialize with comfort, safety, and security No medial or custodial care provided Seniors-Only Apartments
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2 -10 Second living units installed on a temporary basis and are built so they can be easily moved Typically occupied by individuals 65 years or older Construction subject to National Building Code of Canada requirements Garden Suites
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2 -11 Sharing a home with a roommate Strategy for aging in place Organizations help with match up Shared Housing
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2 -12 Private apartments Independent living with privacy, supervision 24/7 Common social areas and communal meals No medical care Independent Supportive Living
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2 -13 Fills in the gap when the caregiver must work during the day or needs a respite Offers supervision, often a noon meal, social and education activities, and support groups Senior Day Care
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2 -14 May be offered by independent supportive, assisted living, and continuing care retirement communities Can provide vacations and care giver respite Try out as a possibility Short-Term Stays
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2 -15 Intermediate step between independent living and care facilities Assistance with daily activities For those who cannot live on their own, are ambulatory, but do not need nursing care Assisted Living
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2 -16 Increasing levels of care at one location as residents’ needs change Provides security of being taken care of through stages of aging Residents can maintain friendships Large buy-in fee, annuity purchase, monthly fees Not for the budget conscious Continuing Care Retirement Communities
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2 -17 Simple small assisted living facilities Personal and custodial care Converted private homes, unofficial 4 to 10 residents Board and Care
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2 -18 Personal care and medical care around the clock Short-term residents who are recovering Long-term residents who cannot care for themselves Nursing Homes
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2 -19 Allows caretakers occasional time off to recoup emotionally, handle other family responsibilities Alternative is short-term stay in an assisted-living facility Respite Care
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2 -20 Specialize in care of patients with dementia Caring for patient at home means families need to think about: Security and safety of environment Day care facility availability Interaction and recreation opportunities Alzheimer's Care Facilities
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2 -21 Use of the property may change as owners progress through life stages Second Homes, Future Retirement?
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2 -22 Use rental income to offset as much of mortgage and expense Sell primary home and refurbish rental home Sell both homes and purchase new home Converting Rental to Retirement
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2 -23 What picture do the data present? How does it compare to the buyers you encounter most frequently in your market? Typical Second Home Buyer
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2 -24 Help buyers evaluate and balance the pros and cons Promoting Your Market Area
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2 -25 Medical Market Transportation Community & Activities Fitness Climate Services Senior and Aging Services Property Features Checklist for Promoting Your Market Area
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2 -26 Most important factor in choosing retirement location Be prepared with information on cost of living factors Cost of Living
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