New Residence Complex For Seniors Inaugurated By Non-Profit Bodies

In order to improve the supply of residential unites taking care of the needs of elderly ones in Canada, two non-profit bodies entered into a partnership and launched a new purpose-built community in downtown Toronto.

Charity corporation The Reikai Centers and non-profit developer Options for Homes have announced their collaboration aimed at providing more long-term care space for Canadian elderly ones. The latest Community nerve center on the north-west corner of Front and Cherry Street marked the first in the alliance’s planned series of developments.

“Creative health care synergies are being considered to ensure residents, the seniors who will be living in the condominiums, can be offered care and services that permit them to remain in their home”, according to the partnership’s press announcement.

“The residents of the condominiums and the Reikai Center will benefit from the many amenities in this community planned by Waterfront Toronto, including Corktown Commons, transit on its doorstep and the Cooper Koo Family Cherry St YMCA located directly across the street”.

The CEO of Options for Homes, Heather Tremain said that this is the partnerships contribution to bringing more seniors’ home-ownership dreams closer to reality.

Tremain stated that through this collaboration with the Rekai Centers, they are delighted to be adding real value to our city through affordable homes adjacent to support services that will enable people to age in place.

Sales of the suites will be unrestricted and are meant to include traditional down payment support from Options up to $75000. Seniors and persons with disabilities will be given highest priority.

Minister of health and long-term Care Dr Eric Hoskins welcomed the deal.

“Our parents and grandparents deserve to live in comfort and safety with access to the right care, at the right time, in the right place, that’s why our government is committed to redeveloping long-term care beds across Ontario to improve the quality of life for residents”, Hoskins said.

“This new Rekai Centers homes is exactly what we want to see in redeveloped homes: it will be modern, comfortable and ready to accommodate people with increasingly complex health needs”.


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