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Retirement living in PEI — affordability meets comfort
PEI government focuses on senior housing
Free financial tips and advice
Developing more senior-friendly communities and senior housing across the province is a priority for the PEI government, especially after Prince Edward Island was named as one of the most affordable places in the world to retire.
For Islanders, there are a number of retirement communities for seniors looking at active adult living, independent living, assisted living or long-term care communities. There are also a wide variety of home care options to choose from.
Indeed, people from all over the world are choosing to retire in Prince Edward Island where they can live close to the beach, have a spectacular view and enjoy the relaxed, friendly atmosphere and Islander hospitality.
However, before starting to search for a specific retirement community or home care service you first need to think about your wants and needs. Retirement communities have customizable options that cater to the specific needs of their residents, including different suite types, services and levels of medical care.
If you need some extra help, either at home or in a retirement community, Home care can provide you with short-term help with housekeeping and light cooking, companionship, or daily help with personal hygiene and assistance taking medication. Whatever you need, there are home care and health care options available for you.
Prince Edward Island ranked top place to retire
According to The Guardian (December 6, 2012), MoneySense magazine ranked Prince Edward Island (PEI) as one of the top 11 least expensive places in the world to retire, where you can retire for less than $30, 000 per year.
An individual’s health status and unique needs impact the cost of retirement in Canada, so it's important to get all the details about the costs and services included in the retirement living options you are considering, and how they may change if needs change. Seniors in PEI can expect to pay approximately $2, 433 per month (CMHC's Senior Housing Report, 2013) for a senior housing or retirement community space.