As they get older, most Canadians around retirement age say they want to stay in their own homes and pay for home care if it is necessary, according to a recent survey. They would prefer this to living with family or living in a retirement residence or long-term care facility.
This age group is large compared to the rest of Canada’s population. The so-called baby boomers were born after World War II and are moving into their senior years. The Royal Bank of Canada conducted an online survey of 2,159 Canadians adults aged 50 and over with household assets of at least $100,000.
Less than a quarter want to live with family
It found 83 per cent of respondents choose staying in their current home with care as needed. They preferred that option to:
- Living in a retirement residence with care provided (50 per cent).
- Living with family who could assist with home care (24 per cent).
- Receiving care in a long-term care facility (14 per cent).
About 91 per cent said they want to stay in their own home, not necessarily the same one they own currently, but in their neighbourhood. And they want to live independently as long as possible.
For reasons beyond our control, and for an undetermined period of time, our comment section is now closed. However, our social networks remain open to your contributions.