Senior’s Housing in Ontario
Pricing is now available for one of the new Senior’s rental buildings in Milton. It’s a beautiful building, not fully-finished yet, located on the South side of town. They have one and two bedroom suites; a one person, 1-bedroom suite that has a kitchenette starts from $2,995 + tax per month. So, that’s roughly $110 per day. It includes buffet meals, on-site nursing care, etc. The web site doesn’t mention whether there is an extra charge for the on-staff chauffeur, etc.
I wonder what percentage of Canadian seniors can really afford that. OAS is approximately $950 per month – that means another $2400 a month has to come from somewhere (more, really, because the OAS of someone who can afford this sort of living expense will be less). This doesn’t include any other costs associated with living – car, insurance, beautician, etc.
This leads me to a few questions for you to ponder . . .
- How many people can afford this now?
- What other options are there out there?
- Could you afford to help out your parents, if they needed your help tomorrow?
Do you think about this, whether in regard to your own family or just the aging population in general?
As I approach the 60′s, I find myself thinking more about these sorts of things. I also notice that so many of my friends cannot afford these sorts of expenses, some suffering in the tumultuous stock market, some suffering from lack of planning.
What will they do? What will you do when time comes to help your parents? If you haven’t started talking about it yet, you’d best get on with it.
Times a-wastin’.