With reduced occupancy rates in Ontario's retirement homes, you're probably seeing limited time, free-rent offers to entice folks to move in. Why is this? Learn about senior housing costs in Oakville and Burlington.
Want the inside track on why you're seeing more senior living commercials during your favourite TV show or in your morning newspaper lately? Don't be blinded by the glossy brochures. And don't be rushed into making a decision.
Current Senior Housing Costs in Oakville, Burlington & Milton...
According to a major retirement home operator
- Occupancy rates were 79% in their Ontario properties,
Management commentary (July 2020) noted:
..this was due to reduced move-in activity caused by COVID-19 pandemic.
What is the cost of Independent Living units in Oakville and Burlington?
According to Canada Mortgage Housing Corp’s 2020 Senior Housing Survey (CMHC-ontario-seniors-housing-survey-2020-en.xlsx),
Two-bedroom costs $6,400 per month, an increase of 4.4% compared to 2019,
One-bedroom costs $5,200, up 7.7% over 2019, and
Occupancy rates will be addressed in an upcoming video.
If you’re looking for assistance identifying a senior living option that fits your needs, contact us for a free one-hour consultation.