14 Sep 2018

Young Couples Are Not the Only Ones on the Lookout for Real Estate Condo Listings in Downtown Toronto

Young Couples Are Not the Only Ones on the Lookout for Real Estate Condo Listings in Downtown Toronto

While young hipsters, college grads, and young families are flooding the condo market, they are not the only ones on the lookout for real estate condo listings in downtown Toronto. In fact, more seniors than ever are moving into the city, taking advantage of the current onslaught of condo construction. Seniors all over the world looking to enjoy the remainder of their golden years are turning to condos, not only due to the ease of not having to take care of tasks such as lawn care and snow removal, but sharing common interests with the other building members.  With this in mind, it only stands to reason that the demand for condos with amenities that cater to the elderly will continue to grow.

The Convenience of Downtown Living

One reason so many seniors are moving into Downtown Toronto is the convenience of being at the heart of the city. Many seniors like to have access to a selection of cafes, restaurants, and delis to choose from, all within walking distance to help with the physical fitness of staying active. The downtown area has dozens of amazing eateries ranging from bistros to fine dining establishments. Upper scale clothing stores, jewelry stores, and boutiques are starting to cater to senior tastes, not only to cater to those already living here but also in hopes of attracting more to the area.

Friends at Hand

It seems as though it only takes one or two seniors to move into a condo unit before many more follow suit.  Living in a condominium building gives seniors the chance to meet each other in common areas like the pool, the gym, the community room, even walking around out on the lawn. Most condos with a large percentage of senior residents always seem to have something going on in the community room. Bridge games, poker, puzzles, knitting circles, quilting, or watching movies on the big screen. It doesn’t take long for lasting friendships to form. One of the worst things for a senior to have to deal with is loneliness. They no longer have jobs with coworkers they have known for sometimes decades; their families are busy getting on with their own lives. Buying a condo in one of the new condominium buildings gives seniors the chance to create a new circle of friends and become involved in group activities.

Taking Care of Each Other

By moving into a condominium building with other seniors creates what many tend to think of as their new family. While there may not be medical care offered as other retirement or assisted living arrangements, the perception of the lonely life of a nursing home can log be forgotten as these newfound friendships help look out for each other, not to mention stay active by taking part in group activities they share in common, and “age in place”, as seniors are calling it.  In Toronto, for example, it’s estimated that one in every four will be over the age of sixty-five, so proof even further that seniors are creating communities within condos.

Leave a Reply