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All makes, sales, repairs service Ear molds - Swim plugs â€" Batteries by mail ADP. W.C.B. D.V.A. Most Insurance Plans Family Business since 1979 AMPLE FREE PARKING 7W 404% WHY NOT SHARE A TAXI WITH YOUR SENIOR FRIENDS? (UP TO 4 PEOPLE SAME PRICE Pebple Helping People“ ...Each and Every Dav LAKESHORE PARAMEDICAL HEARING SERVICES 119 Jones Streef Oakville, Ontario (near Bronte Rd. Lakcshom) Patricia A. Irving 1m, B.A.A.N. Eva Mik R.N., BAAN. (416) 338-2661 Pmmgt, Courteous 24-er Service 299 Randall Street Oakville, Ontario L6] 634 AS BY YOURSELF!) 10% Seniors' Discount on Request Airport Flat Rate Oakville Hamilton 777-6341 525-9492 Tel: 842-8408 FAX: 842-8410 Medical Personnel Pooh» Consulting Services Shared-equity arrangements can also provide many benefits. Under this type of system, seniors can purchase a portion of the equity of a unit â€" 25%, 50% or 75% â€" and then pay rent for the part still owned by the developer or investor. Maintenance and operation of the building are handled by special staff, but special fees (much like condominium fees) must also be paid to cover ongoing costs. If residents decide to move, they can sell their share in the unit and still benefit from any appreciation in the unit's value. Loan stock arrangements may also appeal to seniors in the future. With this setup, seniors make an interest-free loan to the sponsor of a Life tenancies offer the elderly a chance to buy life leases (pay rent in one lump sum), allowing them to live in a unit for the rest of their lives. The cost is based on value of the unit and the age and sex of the purchaser. If the occupant moves or dies, ownership reverts to theddeveloper or investor: Sheltered retirement housing is somewhat similar to the home-sharing concept. Extremely popular in Britain, this type of housing consists of a group of apartments or clusters of single- storey homes. Each occupant has his or her own living quarters, and a caretaker is on hand to provide special assistance. Some of these setups also provide meals to residents. Ofien, the units can be bought and some offer life- -tenancy or shared-equity arrangementsâ€" concepts new to Canada. Many seniors faced with economic or physical limitations may want to consider sharing their homes with family members, friends or acquaintances. In addition to helping the homeowner with expenses, home sharing also provides companionship. In some cases, the home-owner may wish to reduce the rent charged to the newcomer, in exchange for performing various chores around the house. 7 Check With your municipality first; some could have bylaws concerning these types of arrangements when occupants are unrelated. Many Canadians are finding that mobile home retirement communities provide them with suitable amenities at a reasonable cost, as well as lots of opportunity for social interaction with their peers. Usually set 1n quiet, charming locations, these communities generally provide many services and recreational opportunities for residents. In most mobile home retirement communities, the homes are generally purchased by the seniors, but rent must be paid for the plots on which the units are located. However, as an increasing number of housing alternatives come on stream, more and more seniors may be inclined to move out of their longtime homes, not simply as a matter of necessity, but because they'll want to take advantage of the benefits and specialized services may of these new options will offer. A where you'd like to spend your golden years? Undoubtedly, most older Canadians would probably prefer to continue to live independently in their own homes within the communities they have come to know and love. By age 65, many will have built up a great deal of equity in their homes. H ave you given much thought lately to Retirement living options PRIVATE ROOMS AVAILABLE FOR INDEPENDENT SENIORS IN A RESIDENTIAL HOME 0 SENIOR DAYCAR; AND DAYMRAMME AVAILABLE 0 FOR MORE DETAILS CALL 829 Life Enrichment Clinic - M5631 Both units have their own, separate street addresses, but offer the same benefits as a granny flat. This concept is new to Canada, but could become available in the future. This article is provided by local realtors and the Ontario Real Estate Association (OREA) for the benefit of real estate market consumers. Accessory housing and bi-family units are other options that combine individual units with regular family home. Accessory apartments can be installed in new or old homes. Some seniors may even want to have one installed in their existing homes to generate rental income. Families may want to install such a unit to house an elderly family member. It is important to realize, however, that these types of conversions are prohibited in many mnnicipalities. Similar to accessory apartments, bi-family units are built as two attached dwellings â€" one for a regular-sized family, and a smallei; adjoining one for a senior family member or fi-iend. If you are interested in exploring this concept, keep in mind that many lots will be too small to accommodate another building, and municipal bylaws in your area may not allow these units to be situated on existing lots. Garden suites provide a viable option for seniors who require smaller, easy-care dwellings, but wish to maintain their independence. Seniors may want to consider having one of these units located on their own property, and have a family member move into their former home. Retirees may also opt to sell their existing property and have a granny flat erected on the property of a son or daughter.» Granny flats ai'e unique because they can afford a great deal of privacy, while still providing family companionship and assistance. Garden suites â€" also referred to as granny flats, doddy houses and elder cottages â€" are another emerging housing option for seniors. Although rare in Canada, these little dwellings are popular in Australia. They are self- contained, pre-fabricated units designed to be situated behind or adjacent to existing homes of family members or friends. Although these units are compact, they contain virtually all of the features of a regular home. Life-care communities can be larger still (between 100 and 500 self-contained units). They provide seniors with independent lifestyles but offer Increasing levels of service and care as needed ’Ib live in these communities, residents usually have to pay a sizable entrance fee, along with monthly charges. Retirement villages are generally larger than sheltered retirement housing systems (from approximately 100 to 200 individual units) but provide similar services. They are common in Australia. However, an occupant cannot benefit from appreciation in the value of the unit. If a resident moves or dies, the interest-free loan is returned to them or their estate. housing project. In exchange, the senior has the right to live in the unit rent-free for the remainder of his or her life. The only payments they have to worry about are maintenance and operation fees. Excluding prescriptions baby roducts. FREE GIFTS REFRESHM NTS SPECIAL STAMP DISCOUNT ~ mama“ 1235 TRAFALGAR no. , 7 74 Just Notth of QEW. CIMS DRUGMART SENIORS DAY Wednesday, April 23m 15% DISCOUNT -Chevrole t â€"Geeâ€"Oldsmobile- 547 TRAFALGAR RD. at the QEW. 844-2320 Oakville-Trafalgar Memorial Hospital 327 Reynolds Street Oakville, Ontario LBJ 3L7 alliative care - ndustrial nursing - Fully trained nursing staff, bonded insured 0 Homemaking We are a 24-hour, 7-day-a- week Health Care servrce. Call us now and let CAPS work for you. Everything YOU want in a drug store AmolflleO'IMB Chm-“dale Colponflon - Priyage Duty in-home and FOR ALL SERVICES EXCLUDING SPECIALS DEDUCTIBLES 338-HELP at the touch of a button That '5 why I have Lifeline. ” ASK ABOUT GUI; SENIORS' DISCOUNT "My i endence means a at to me. 1 0°/o PARTS 8 DISCO I- Mm. SHOPPERS DRUG MART