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Retirement Costs British Columbia

Budget your Retirement in British Columbia

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How much does it cost to retire in British Columbia? The answer will depend on the type of retirement community or home care service you choose and the level of care you need. Once you have determined these factors, start researching the associated costs and find a home care service or retirement community that works with your budget.

Looking for budgeting and financial tips? Read Easing Your Financial Stress

In British Columbia, retirement communities cost between $1, 500 and $6, 000 and home care costs average between $15 and $75 an hour depending on the type and level of care required.

Wondering how much it costs to live at home? Download our free eBook: The Cost of Living at Home

According to the CMHC’s Senior Housing Report, in 2013, the average cost of renting an independent living seniors’ housing space in British Columbia was $2, 747 per month.  Sometimes amenities are included in monthly rent, such as:

  • The cost of meals
  • Utilities
  • On-site medical services and a registered nurse
Tip: Ensure you have a clear understanding of what type of services and amenities are included with your rent.

Long-term care costs vary depending on the type of suite, duration of stay and length of stay. Spots in long-term care residences are determined solely by need.

Approximate long-term care residence costs:

Daily Rate
Monthly Rate
Long-stay basic
$54 – $1620
Long-stay semi-private
$62 – $1863
Long-stay private
$72 – $2167
Short-stay
$35 – $1053

 

 

 

 

 

 

Worried about outliving your retirement savings? Read Reduce Your Financial Risk and download our .pdf for free financial tips and advice.

For information about subsidies, tax credits and support for seniors in British Columbia visit these resources and associations:
Canada Revenue Agency 


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Tapestry at Wesbrook Village

Tapestry at Wesbrook Village

3338 Wesbrook Mall, Vancouver, British Columbia, V6S 0A6
This beautiful Vancouver seniors' community offers a variety of private suites, along with community services including dining, wellness activities and more.
Tapestry at Arbutus Walk

Tapestry at Arbutus Walk

2799 Yew Street, Vancouver, British Columbia, V6K 4W2
A senior living community in Vancouver, BC offering luxurious seniors' apartments in an active community, along with assisted living and other options.
Sherwood House

Sherwood House

280 Government Street, Duncan, British Columbia, V9L 0B5
This Duncan retirement home includes active adult and independent living and features five star dining in a secure environment in the heart of Vancouver Island.
Legacy Senior Living

Legacy Senior Living

611 West 41st Avenue, Vancouver, British Columbia, V5Z 0C7
Legacy Senior Living is Vancouver’s premier retirement community offering luxurious boutique-style retirement living for independent, active mature adults seeking an exceptional lifestyle in the heart of Oakridge.
Shannon Oaks - Victoria (Oak Bay)

Shannon Oaks - Victoria (Oak Bay)

2000 Goldsmith Street, Victoria, British Columbia, V8R 0A2
This elegant retirement residence in Victoria, BC offers a private dining room, exercise room and a variety of daily activities for active, engaged seniors.
Shannon Oaks - Vancouver

Shannon Oaks - Vancouver

2526 Waverley Avenue, Vancouver, British Columbia, V5S 4W1
Shannon Oaks offers amenity spaces that will delight: gardens, lounges, library, country kitchen, games room, exercise room, courtyard patios - even a golf putting green. Meet new friends and live life to the fullest!
Westerleigh PARC

Westerleigh PARC

725 - 22nd Street, West Vancouver, British Columbia, V7V 0B3
West Vancouver's newest retirement residence Westerliegh PARC offers premier quality of care and service within walking distance. Studio, 1- and 2-bedroom suites available.
Arbourside Court

Arbourside Court

13751 - 74th Avenue, Surrey, British Columbia, V3W 1A8
This Surrey retirement home offers major shopping, medical facilities, and a seniors center, in a caring environment that encourages continued growth.
Cedar Springs PARC

Cedar Springs PARC

3633 Mount Seymour Pkwy, North Vancouver, British Columbia, V7H 0A9
Located near Mt. Seymour in Vancouver's North Shore, Cedar Springs PARC offers retirement living within a beautiful natural environment. 1- and 2-bedroom suites available.
Mulberry PARC

Mulberry PARC

7230 Acorn Avenue, Burnaby, British Columbia, V5E 4N9
Mulberry PARC is a welcoming home and community in the heart of Burnaby, BC with the largest 1-bedroom and 2-bedroom retirement home suites available.
Summerhill PARC

Summerhill PARC

135 West 15th Street, North Vancouver, British Columbia, V7M 1R7
Summerhill PARC near the heart of Lonsdale and 15th Avenue in beautiful North Vancouver offers a highly social retirement community living experience. 1- and 2-bedroom suites available.

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