Retirement Home Trends: Present & Future Developments in Senior Housing in North America

We consulted with the experts to compile a list of retirement home trends. Here are some of the most important factors affecting the senior housing industry today:

- High-end luxury seniors’ residences and communities offer a vast choice of amenities: spas and state-of-the-art fitness clubs, bowling alleys and putting greens, beauty salons, art studios, Internet lounges and gourmet dining

- Increased demand for more varied recreational and social activities

- Expensive two-bedroom suites have the lowest vacancy rates, suggesting luxury is in demand

- “Customer-centric” is the mantra of today’s retirement home industry

- Ownership is viewed as an option to rental facilities, with growing interest in retirement condo ownership and life-lease

- Active seniors join retirement communities at a younger age

- Seniors are retiring to cottage country and eventually move into a retirement residence there (compared with Ontario as a whole, a higher percentage of the age 75 and over population in areas like Muskoka and Simcoe County are living in retirement residences)

- Meeting the needs of active seniors as well as those needing more care, allowing resident greater opportunity to age in place

- Broader range of health services with more health-care support than in the past

- Developers planning and building retirement residences and communities today, anticipating the amenities and services that will be in demand in 10 to 15 years

- However, most of the luxurious residences being built today will be mid-range in 20 years from now when baby boomers, with their sky-is-the-limit standards, are seeking accommodations

Retirement home trends boiling under

What the experts see as the future of retirement homes in North America:

- Destination retirement communities, with people from across the country gravitating to these purpose-built, expansive communities where residents can age in place

- More choices, including condominiums, townhouses, and bungalows, arranged in small and large settings to cater to increasing consumer expectation and market demands

- Larger suites in retirement residences

- More varied and lavish amenities and services, e.g. home theatre in every suite

- Greater range of innovative programming, including opportunities for continuing education

- Higher levels of health-care services supporting aging in place links you to homes from across Canada that remain on top of and set trends in retirement home living.

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Showing 1 to 3 of 3 comments.

Your article says nothing at all about "affordability" - I would image if one has to ask, then it is out of your income range. These retirement villages, cottages and campus concept are really good for older adults who have the means to live there, but my concern is for the other numerous percentage of older adults who will never to able to afford that kind of accommodation. President, COSCO (Council of Senior Citizens' Organizations of B.C,)

Posted by Lorraine Logan | August 17, 2014 Report Violation

It would be great if the various levels of government were more supportive of the initiative taken by Seniors Cooperatives. By Seniors, For Seniors
Aiming for affordable housing.

Posted by Monique Huchet | July 31, 2010 Report Violation

In this article I would have appreicated more of a cost per services or level of quality care comparison. My community caters to Senior Retirement Living and yet there is NO consistency for what you get for your money. It is what you DON'T get that can add up over time. How much space is personal space for instance?

Posted by Elaine | July 30, 2009 Report Violation

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