Buying or renting at a retirement home

Buying or renting at a retirement home

Deciding whether you’re going to buy a condo or rent an apartment at a residence is not always easy. When choosing whether to become a renter or a homeowner, you have to consider a number of factors along with your requirements and priorities so that you make the best choice for you.


Compare Le Groupe Maurice’s property options

This comparison chart provides an overview of the features and responsibilities that come with our residences’ condos and apartments for retirees.


Condos with services for purchaseRental apartments with services
MortgageYes/ NoNo
Monthly condo fees and access feesYesNo
Monthly base rentNoYes
School and property taxesYes, at the expense of the co-ownerNo
Electricity, heating, and air conditioningYes, at the expense of the co-ownerIncluded in the purchase price
Refrigerator and stoveNoIncluded in the purchase price
Washer and dryerNoIncluded in the purchase price
Washing machine connectionYesYes
Additional garage storageIncluded in the purchase priceNo
Parking spaceIncluded in the purchase priceOptional ($)
Access to common areasYesYes
Access to activitiesYesYes


What works best for you?

For some people, remaining a homeowner is extremely important. If buying a condo will require mortgage financing and condominium management, buying in a residence could be a smart investment with numerous advantages.


“We made our decision the second Le Groupe Maurice built Le Savignon. It was the opportunity we had been waiting for, as it’s close to our old neighbourhood—only 20 minutes away—and we were able to remain homeowners. Living in a residence also means that if we ever decide we don’t want to take care of our condo anymore, we could rent an apartment without changing location. No big move required and no need to leave our community.”

Diane and Jacques Bruneau, homeowners at Le Savignon


Renting an apartment may be a more attractive option if you prefer not to worry about paying electricity and tax bills, or taking care of repairs.


“My husband and I had been living in a condo with outdoor parking for 18 years. We were starting to find it difficult, but wanted to stay in our neighbourhood. We liked Le Savignon right away, before we’d even seen the apartments! We’re thrilled about the possibilities and included services at the residence.”

Pierrette Dubreuil, renter at Le Savignon


Buying vs. renting: Visit first, then decide!

Now that you have thought about your requirements and know the details of our property options, all you have to do is make an appointment with an advisor at Le Groupe Maurice. You’ll know what’s right for you once you arrive at the residence and see our condos or rental apartments!

Once you have visited the residence, you will be able envision yourself living there, enjoying your dream retirement.


Learn more about the apartments with services >

Learn more about the condos with services >