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Seniors face rent hikes despite rise in independent-living units

Despite the addition of 324 units and greater vacancies, average monthly rent for a senior’s independent-living unit in B.C. rose 5.4 per cent to $3,275 over the past year. Burnaby alone bucked the trend in the Lower Mainland, with rents dropping 4.3 per cent to $2,654 a month.

Despite the removal of majority NC units from inventory, occupancy contin-ues to fall, with the stabilized rate declining for a third consecutive year. The rate reached 86.1 percent in 2017, down 70 basis points year over year. Rent growth remains steady despite falling occupancy, driven by rising healthcare costs.

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munities, prompting a rise of new units. Ma-jority assis ted and independent living facili-ties are set to receive the bulk of deliveries for the foreseeable future, though the con-struction of memory care units is on the rise to meet increased demand that supports the care of seniors with dementia. Senior-care providers must balance in-

Guide to Senior Housing & Senior Care Families have many decisions to make during a senior care search. With so many options available in the U.S., it’s easy to feel confused and overwhelmed. We created this Guide to Senior Housing and care to empower families with current market information so they may act as strong advocates for their aging

These loans were designed as a way for seniors. In the 2013/14 financial year, the government of Kenya changed the way that it presents the annual budget to parliament. Previously, the budget estimates were presented based on line item budgeting , with a focus on allocations for inputs, no link between allocations and expected outputs, and no.

Plans to increase. a year plus a rent-free home, get another £7,797 in pension contributions. The pension contribution represents around 37% of a national minimum stipend of £19,500 used as a base.