Residential care home assessme…

November 21, 2018 Nursing

Residential care home assessmentSunrise Senior Living of UnionvilleResidential Care home in the Markham provide senior living services including independent living, assisted living, care for individuals with Alzheimer’s disease and other forms of memory loss, as well as nursing and rehabilitative servicesHome is locate at a conveniently location at Highway 7 between west of McCowand and east of Kennedy. Also nearby Markham Stouffville Hospital when medical support is require.Sunrise Senior Living of Unionville was established since 2001, amenities include wheelchair accessible resident bus, library, green space, walking path, frequent outings activities. ASSESSMENTSocial Force:Seniors (65 years and older) are the fastest growing age group in Ontario. In 2016, 16.4% of Ontario’s population was 65 years or older. By 2041, it is projected that 25% of Ontario’s population will be 65 years or older, almost doubling from 3 million seniors in 2016 to 4.6 million seniors.Sunrise cost in living is based on each resident’s Individualized Service Plan (ISP) and room rental fees, which vary by locationSome Long-Term Insurance Policies may also cover part or all of the costs for assisted living care. Independent senior living communities also known as retirement communities, senior living communities or independent retirement communities are housing designed for seniors 55 and older.Economic Force:Average Senior Housing Costs in Ontario. Average rent for Ontario assisted living units was $3,204, with prices ranging from roughly $1,750 for the least expensive bachelor to just over $5,000 for the most expensive two-bedroom apartmentSince the start of the Canadian Income Survey in 2012, the median after-tax income of Canadians has increased 2.9%. Senior families, where the highest income earner was 65 years of age or older, had a median after-tax income of $57,500 in 2015, up 5.7% from 2012.Technological Force:Consider the advertising on internet which can improve revenue of residential home service.Access of internet for all the residents.Access of residential home and service information for residents and outsider 24/7.Competitive Force:Competitive Residential care home service around the neighbourhood:Chartwell Rouge Valley Retirement ResidenceMarkhaven Home for SeniorsChartwell Woodhaven Long Term Care ResidenceAmica at UnionvilleRegulatory Forcehttps://www.aplaceformom.com/canada/senior-housing-lawsConclusion:In the current statistic indicate with growing demand of retirement home and increasing rate of senior annual income. If we can develop a good marketing plan of targeting the senior with middle or higher income of annual income $60,000 plus that will be a profitable business going forward.

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