S.R.E.S – SENIOR REAL ESTATE SPECIALIST

Are you 50 years of age and older? If so than this page applies to you.

SRES is a specialized designation, Frank has earned, that focuses on Retiree’s and those who struggle with how to care for their elderly parents.

As our parents age we often worry about their well being and ask ourselves;

    • are our parents fit to stay in their existing home?
    • should we move them into a more maintenance free home or condo?
    • should they move in with one of their children?
    • is it time to move them into a retirement facility, retirement community or a retirement home?

This is where Frank can help!

As a Mortgage Broker and a Real Estate Broker with an SRES designation Frank may offer many solutions in determining whether selling the existing home and or buying a maintenance free home is the right decision or perhaps refinancing the existing home is more economical. Frank can also help arrange financing, or a reverse mortgage for your loved one or even put you in touch with the right professionals who can implement other options.

With this aging market of “Baby Boomers” and “Retirees projected to grow from 4.2 million to 8.4 million by 2036, it has never been more important to research the options available and plan for the future that lies ahead before the demands exceed supply. (see below for demographics)

With substantial growth in these sectors it is important to understand the many different “housing options” available to Retirees and “Baby Boomers” who care for Elderly parents such as;

Independent Living –

    • *Aging in place
    • *Active-adult communities
    • *Seniors-only apartments
    • *Garden suites
    • *Shared housing
    • *Independent Supportive Living
Assisted Living –

    • *Between Independent Living & Care Facilities
Continuing Care Facilities –

    • *Continuing Care Retirement Communities (CCRCs)
    • *Life Care
Care Facilities

    • *Board and Care
    • *Nursing homes
    • *Short term, respite
    • *Alzheimer’s Care facilities
    • *Hospice

Financing Options

    • HELOC
    • Line of credit
    • RRIF is the better alternative
    • Converting RRSP to an Annuity

For More information on SRES visit https://sres.realtor/ or contact Frank Salvatore today and lets get started

Canada’s Population as of 2011 – 33,476,680

List of Local Care Facilities, Retirement homes, and Active Adult Communities