Property prices and average household debt has reached record highs in recent years. With this in mind, Canadians looking for a better living space are turning to renovating their current properties, rather than purchasing a new home.
If you or someone you know is thinking about retirement, you've probably heard a lot of talk about 55 plus communities. Also known as senior living communities or age restricted communities, these planned residential hubs have become increasingly popular over recent years. The concept of these communities is simple, with people of a certain age bracket living in their own individual dwellings with access to a variety of amenities and social support structures.
You've worked hard, saved some money, and now it's time to enjoy your retirement. If you're looking for a new place to live during your senior years, there are lots of issues to consider. From healthcare and infrastructure through to cost of living and freedom, it's important to do your research and compare locations carefully. Whether you already live in Canada or want to make the jump across the border, the Great White North offers fantastic opportunities for people during their retirement years.