Pammi Brar
RE/MAX Real Estate (Mountain View)
401,9650 HARVEST HILLS BLVD.NE, Calgary, Alberta
P: 403-247-5178F: 403-247-5301
Email

Wednesday, July 29, 2009 - Calgary seniors paying highest rent in Alberta-Calgary Herald

A first-ever report on the state of seniors' rental housing in Alberta shows tenants in Calgary are paying the highest rents in the province.

The report from Canada Mortgage and Housing Corp. shows that the average rent for seniors living in "standard spaces" in Calgary is $2,679 per month.

A standard space is defined as that occupied by a resident who receives a standard level of care of less than 1.5 hours per day.

In contrast to Calgary, seniors in Edmonton are paying an average of $2,091 monthly for the same level of care.

"The difference between the two cities is that Edmonton has more not-for-profit organizations like Good Samaritans with their own facilities," says Gail Hinchliffe, president of United Active Living Inc. The company operates a private ownership seniors' facility in the southwest neighbourhood of Garrison Green.

In terms of rent, it has to be remembered that the rents being paid are all-inclusive -- covering meals, accommodation, transportation, exercise facilities, programs and some health services, says Hinchliffe.

"For those who can't afford the $2,679, the provincial government has a subsidy program," she says.

The CMHC estimates there were 176,900 people aged 75 or older living in Alberta at the time the survey was taken.

Of that total, nearly 9,100 were living in rental facilities, indicating that slightly more than five per cent of that age group were in seniors' rental housing.

The vacancy rate in seniors' residences in the Calgary area was 5.3 per cent. In Edmonton, it was 5.4 per cent.

"With seniors' housing, 95 per cent occupancy is considered stabilized, therefore a five-per-cent vacancy rate is pretty much the norm," says Hinchliffe.
posted in News at Wed, 29 Jul 2009 11:40:07 -0600



This site's content is the responsibility of Pammi Brar, licensed Salesperson(s) in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service®, and the associated logos are controlled by
The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.
© 2012, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker