Prince Edward Island is one of the Maritime provinces and is the smallest province in both land area and population, but is the most densely populated. The province is located 200km north of Halifax and is a popular tourist destination for seniors. In 2020 the population is estimated at over 158,000 people, and it offers many senior living and senior housing opportunities. Like most of the Maritime provinces, most seniors own their homes, which has been passed through the generations. However, not every senior is able to age in place and remain in their home. When the time comes to search for independent living, assisted living, or retirement communities, there are options for seniors to consider. Additionally, there are programs in the province that help seniors maintain their independence for as long as possible. The Seniors Home Repair Program provides the opportunity for seniors to apply to cover the cost of home repairs. The Senior Independence Initiative provides financial assistance for practical services, making it easier for seniors to remain in their homes and communities. The province also provides the Seniors Property Tax Deferral Program, which is a tax deferral program that lowers the cost of living for qualifying seniors and offers to defer payments of property taxes. The senior housing programs help eligible seniors, and rent is 25% of the individual’s income.
According to Canada Mortgage and Housing Corporation, annual review of seniors’ residences market, the overall average rent for standard spaces increased two percent in 2019 and is the highest in Atlantic Canada at $3,335 per month. The vacancy rate for the more affordable ward/semi-private standard spaces dropped significantly from 23.3% to 2%, but the number of units increased by 106%, and rents increased by 34%.
Choosing Assisted Living and or Independent Senior Housing Options in Prince Edward Island
When choosing independent living, assisted living, or retirement living, there are some things to consider. Initially, the first steps should include determining the level of care and working with a budget. The physical and medical needs should be assessed and what level of help would be needed with the activities of daily living. Also, location and accessibility should be considered, for example, the proximity to services and amenities. Most seniors who choose the route of independent living want their new home close to the services they need. Some of these services may include shopping malls, food stores, churches, healthcare, walking trails, and close to family and friends. The responsibilities of owning a home may become too much to manage, which is why the choice is made for independent living or even retirement living. Residents should also consider their social and emotional needs, and most of the retirement communities provide and encourage social events.
Independent living in Prince Edward Island is any housing arrangement designed exclusively for seniors. Typically, the housing is there for residents aged 55 and older, and the homes are designed to be easier to navigate. Overall, these homes will have not home maintenance, yard work, and most retirement communities provide extensive amenities. Some of the services may include transportation, dining services, recreation, and social events. The purpose of independent living to help residents live independently. Typically, these are older adults who need little or no assistance with the activities of daily life. Most independent living options do not offer medical care or nursing staff. The type of housing varies, and this could include apartment-style living, condos, and even homes. Prince Edward Island is an excellent place to retire because of its easy lifestyle and small community feel.
Assisted living in Prince Edward Island refers to the provision of housing and services that allow residents to age in place. These are homes with light or medium supports that also provide the transition to a higher level of care when needed. Individuals who use assisted living in the province are able to direct their own care. Along with basic security and safety, residents are provided with meals, social activities, and housekeeping is offered. The purpose of assisted living is to help residents maintain their independence, but provide assistance with the tasks of daily life. The cost of assisted living is market-driven, and subsidies are available in certain homes. The Prince Edward Island government also has assistance available through the Social Assistance Act. The facilities within the province are licensed and regulated under the Community Care Facilities and Nursing Home Act, and most are privately owned and operated.
An assisted living facility is the right choice if your loved one requires more personal care services than are feasible at home or in an independent living retirement community. Also, it is essential to note that most assisted living facilities do not provide round-the-clock medical care and supervision. When considering assisted living in Prince Edward Island, the facility will help your family member determine the level of care they need. Other things to consider include ensuring the facility is well maintained and well-staffed.
The Senior Population in Prince Edward Island
According to Prince Edward Island population projections for 2019-2058, the population is expected to grow to over 236,000 by 2058. The number of people aged 65 and older in 2018 was 29,990, and this is projected to increase to 40,529 by 2028. Also, in 2018 the number of people aged 75 and older was 11,931, and there were 8.3 people of working age per one person 75 and older. However, the median age in the province is projected to decline, and by 2027 it will be 43 years old. Many seniors in Prince Edward Island are aging in place, and the need for senior housing will increase as the population ages.