The term, “Life Equity”, refers to a living arrangement where one purchases the right to occupy a townhome unit for as long as desired. Residents of Trinity Village Terrace pay a single, up-front price for their townhome unit. This payment, subject to the current real estate market value at the time the unit is transfered, less an administrative / transfer fee (as outlined in the Life Equity Occupancy Agreement), will be recovered by the resident or their estate when the unit is transfered .

Trinity Village Terrace is sponsored by Lutheran Homes Kitchener-Waterloo, a ministry of the Eastern Synod of the Evangelical Lutheran Church in Canada. Trinity Village Terrace retains title to the townhomes and property and is responsible for the building maintenance of the townhomes, upkeep of the surrounding property.

As a resident of Trinity Village Terrace, you can participate in activities, and choose from a variety of care and support services. Beyond any activities arranged by the residents of Trinity Village Terrace, you are also welcome to participate in church worship services, special events and other activities that regularly occur at the adjacent Trinity Village Care Centre. All residents of the life-equity housing project will have the opportunity to participate in a Residents’ Association which, in turn, can have input into the management, maintenance and operation of Trinity Village Terrace.

Similar to many accommodation arrangements, life equity living requires a monthly fee paid by the residents to cover items such as maintenance of the grounds and common areas. A capital reserve fund will ensure that major building components can be repaired over time. Residents will also be responsible for their proportionate share of municipal property taxes.