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Challenges to Aging in Condos

Toronto Condo News
Publication date:
May 25, 2019
Article Summary: 

Housing aging relatives in a condo can be a security and safety risk, as it can deplete family resources and result in depletion of an expected inheritance. Purchasing a condo using proceeds from the sale of a family home may provide a home for the aging relative, but it can lead to memory impairment, flooding, odour problems, and abandonment. Condo leaders must balance the need to maintain safety and positive atmosphere with the desire to assist residents requiring intervention. They may contact local health care agencies for guidance, and may also reach out to involved next of kin. Condo corporation rules and by-laws must be enforced equally among all residents, and fees and insurance deductibles may be collected.


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Source Citation: 
Toronto Condo News
Challenges to Aging in Condos
May 25, 2019
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