Retirement residence facts

When you are considering a move to a retirement community, there are many things to think about and the process can feel overwhelming. What you need is information and a team of friends, family and advisors to help.

Here are a few quick facts about retirement residences. For lots more, be sure to check out the Comfort Life website.

What do retirement homes cost?

• Anywhere from $1,000 to $4,500 per month; CMHC's Seniors' Housing Reports 2013 reported an average of $1,995 per month for a bachelor unit or private room in Canada, while a heavy care space was approximately $3,477 per month.
• Non-profit retirement residences often offer subsidies for low-income seniors

Who is eligible?

• There is no central processing agency
• Interested seniors must apply directly to the residence of their choice
• Applicants may be requested to undergo medical examinations prior to being accepted

Trends in retirement homes

• Larger living spaces with kitchens


• Varied recreational and social activities such as wine-making rooms, individual fitness instruction in fully equipped gyms, lifetime learning programs and  home theatres

What to ask when you tour a residence

• What are the amenities?


• Do the recreational programs suit my interests and tastes?


• Is there supervision with medication?


• Is there a visiting physician and dental service?


• Is on-site nursing available?


• Are there suites with a kitchenette?


• What is the daily or monthly rate?


• How often have rates increased?


• Are there charges for the additional services I may want or need?


• What happens if my health deteriorates?

Check the Comfort Life site for more information on what to consider when you are looking at retirement residences.

If you have any questions about retirement living just ask in our Community