Freedom 65 Retirement Communities
Sound Lifestyles’ Freedom 65 retirement communities are so important because the youngest baby boomer turns 65 in just a couple of years.
Financial freedom is what you have worked your whole life for and was a concept driven in to you since early adulthood. The Freedom 55 concept was exciting and unrealistic for some but did encourage many boomers to make the right decision to invest and save for retirement.
Retirement seemed so far away back then but it’s here now. You are probably past the age of 55 and have been retired for a few years. What do you want to do with this freedom? Do you want to worry about home maintenance or do you want to take your freedoms elsewhere? Spend more time focusing on volunteering, joining social groups, traveling, or spending more time with friends and family. This is what retirement is about.
Take hold of your retirement life. There is so much you can experience but most experiences will not happen when isolated in your current home. You don’t even know what you are missing out on until you embark on your rightsizing journey. Staying in your current home can hinder personal growth and allows you to live in denial about your retirement goals and future health.
Moving into a more manageable home allows you to take control of your future. It gives you choice and options and provides comfort knowing that, if and when you need homecare, you are in a supportive environment. It is not only more comfortable for you, but it is also more effective for home care providers.
In the 1990s, boomer’s parents where in their 60s. At that time only 15% of Canada’s population was over the age of 60. There were plenty of condos, retirement homes, and long-term care facilities so many retirees back then had choice.
Today, approximately 40% of Canada’s population is over the age of 60. And more specifically, there are approximately 1000 people turning 70 every year in the greater Owen Sound area. This cohort will double by 2030.
On top of that, there have only been a few developments built for the retirement market in the Owen Sound area since the 1990s. This problem is even worse in most Canadian communities. What has been built is nowhere near what is needed today and that demand will dramatically increase over the next 20 to 30 years all over the country.
In fact, our society throughout all of Canada cannot build enough fast enough. Locally, we need 5 more long term care facilities built in Owen Sound over the next 10 years. Only one new long-term care facility has been recently built in Owen Sound and that project took 8 years from concept to completion. How can we get another 5 built in the next 10 years?
If you think you will be able to find an appropriate home when you are in a crisis there won’t be many options. And since the demand will be greater at that point, you will also have more competition. Higher demand and little choice will drive prices up. You may be saving money staying in your home now but you will then spend those savings later on in a highly competitive retirement housing market.
At Sound Lifestyles, we focus exclusively on Freedom 65 Retirement Communities. In fact, we are the only developer in the area that builds 100% fully accessible. We currently have 3 communities in Owen Sound and are about to build our 4th. Once this project is complete Sound Lifestyles will have a total of 122 homes in Owen Sound. If you re-read a few paragraphs above, 122 homes does not even come close to meeting the housing demands for 1000 people turning 70 each year in our area.
Unfortunately, there are no exact answers or solutions to our society’s retirement housing shortage. The short answer is we need to build more but that is impossible with labour shortages and rising construction costs.
The one thing that retirees can do is plan ahead and make change now instead of waiting for a crisis to happen because there will be nowhere for you to go. And where you do end up will not be ideal or will be expensive. You deserve better. You have worked your whole life to get where you are and have made good investment decisions up until now. Why settle for a something less at this point in life?
Freedom 55 got you to where you are today. Let Sound Lifestyles’ Freedom 65 Retirement communities take you to tomorrow.
Change is hard but more enjoyable when you have the time, your health, and choice.
Freedom 65 Starts Now!
Reach out to Sound Lifestyles today to learn more about your retirement housing options! Click HERE to start the process or call us at 519-270-1668.
Want to know more about our builder? Click HERE