Wednesday, 16 November 2016

Innovation and Housing Options

An article on CBC news caught my eye the other day. A "young" senior couple have come up with a cohousing model for their retirement. Recognizing that while they are healthy now, things may change down the road, and aware of the existing options for seniors which they are not keen on, they have come up with their own model community to support them in their later years.
They want to buy a large house that can be divided into several apartments which will have shared space and private units. And, to ensure that everyone gets along, they are meeting and interviewing others who are interested in the idea. The plan is to get to know each other over time so they can be certain that the group will function well together.
While senior cohousing exists and is a relatively new concept in Canada, it is not available in many provinces. These innovative seniors have taken it a step further by wanting to create their own retirement living arrangements without the involvement of a third party which tends to be how most cohousing models are established. The article points to something that is a new idea for most, however in Scandinavian countries it is very well known and far more common a concept.
The phrase "necessity is the mother of invention" very much applies to this situation and I venture to guess that in the coming years, we will see more and more innovation in models for senior care and housing as people start to 'think outside the box' and plan for a retirement that will work for them both financially and socially.
Right now options for seniors who need care and need to relocate are limited to primarily retirement home and long-term care but there are those who may want or need something different to the typical. While there are several alternatives like condos for seniors, life lease structures and even some senior cooperatives, there is the scope for other models that will meet the changing needs of seniors and the approaching "silver tsunami". The people involved in this personal project are being proactive and clearly thinking ahead and it is people like them that will move us toward greater options for senior care in the future.