LONDON, Nov. 15, 2017 /CNW/ - We are pleased to announce that Parkbridge Lifestyle Communities (Parkbridge) has been awarded Global Awards' Most Outstanding Exemplar of Land Lease in 2017 for its Village at Bay Moorings community in Ontario, Canada. The Global Awards celebrates superior performance and modernization of seniors housing and care around the world.
Parkbridge's Village at Bay Moorings community was recognized for its innovation and excellence in offering a quality affordable home ownership model for retirees. Located in Penetanguishene (Penetang), Ontario, the village is home to approximately 200 residents. Home designs, services and amenities offered in the community support changing expectations of newer generations of retirees. The community is in close proximity to many services and amenities, includes walking trails and exclusive access to a recreation centre and pool, as well as professional lawn maintenance and snow removal.
"Parkbridge has done an outstanding job of modernizing the land lease home ownership model that allows retirees to be able to comfortably downsize," said Esmonde Crawley, a global expert on over 50s housing. "With the world's senior population rapidly growing, and an even greater need for more affordable home ownership options, the Village at Bay Moorings is the perfect example of how Parkbridge is leading the way in providing piece of mind to retirees."
In today's expensive urban housing market, Parkbridge continues to challenge the traditional home ownership model with its tried and true land lease concept in smaller urban and rural municipalities. Land lease, which allows people to own their home without having to buy the land, provides a high-quality, affordable home ownership option outside high-priced major urban centres.
"We are incredibly honoured to be receiving this award," said Lachlan MacLean, Vice President, Property Operations at Parkbridge. "The Village at Bay Moorings is one of our newer, prized developments where our team has created a picturesque community for babyboomers who are looking to remain involved in an active and lively community."
Parkbridge's land lease model offers a quality home ownership alternative at approximately 30% less the cost of a traditional freehold house. In addition, they are built in smaller urban and rural communities that enable retirees to enjoy a more peaceful setting, while still maintaining an active social life with convenient access to amenities and services.
Community is at the heart of what we do at Parkbridge. As the leading owner, operator and developer of more than 120 residential and recreational communities across the country, Parkbridge has an expertise that is unparalled in Canada. We have been providing vibrant and affordable communities in which people can live, retire and vacation since 1998. We are a Canadian company, employing over 500 people year-round and another 700 seasonally. Parkbridge continues to grow with active, healthy and happy homeowners and guests – because Parkbridge is where community lives.