4) Retirement Home (private pay):
A retirement home is a living space that accommodates seniors looking to live an active lifestyle without the daily hassles of chores, tasks, and home maintenance. And since retirement communities focus on independence and flexibility, residents can enjoy a fully independent lifestyle and personalized services.
Residents can range in age from 70's, 80's and 90's to centenarians.
In most provinces, a private-pay Retirement Residence may also be known as:
            - Retirement Community
            - Retirement Living
            - Senior Living Residence
            - Senior Living Community
            - Seniors Residence
            - Seniors Community
            - Seniors Home
Privately owned Retirement Homes for seniors do not receive government funding. Seniors pay monthly rent for accommodation and services such as meals, housekeeping, some laundry, recreation, activities, amenities, social events etc. In a Retirement Home, you have your own suite, create your own schedule, and can come and go as you please. You choose your own meals and how you like to spend your time, whether it's on your own or with the people who live in the community, taking part in social activities, exercise classes, or outings. The flexibility offered in these residences is just one reason they come highly recommended among older adults and their families. Individuals can choose their meals, plan how to spend their time, attend exercise classes, socialize with others who live in the community and go out to their favourite places.
Living in a retirement home means the resident can choose their suite, services and care options. All of these choices help determine how much is paid; for most seniors living in a retirement home, it works out to about $3,000 - $5,500 per month. Some retirement residences cost more per month, for those looking for a luxury experience. Be sure to shop around to find the best option within your budget.
For a more detailed information about Retirement Homes you can visit the 'Seasons Retirement' web site by clicking
here.
Also a good introduction and overview as to why and what seniors might be considering as alternative accommodation during retirement is provided by the 'COGIR Senior Living' web site click here:
here.
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