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Retirement Costs British Columbia

Retirement Costs British Columbia

Budget your Retirement in British Columbia

British Columbia has a wide range of costs for retirement living, long-term care and home care services. Whether you are looking for a bachelor, one bedroom or heavy care space, there are a number of options in BC.

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 

View Retirement Homes in BC

Retirement Homes in BC

Tapestry at Arbutus Walk-2799 Yew Street,Vancouver,British Columbia,V6K 4W2
 

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.

Tapestry at Wesbrook Village-3338 Wesbrook Mall,Vancouver,British Columbia,V6S 0A6
 

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.

Harmony Court Estate-7197 Canada Way,Burnaby,British Columbia,V5E 4A6
 

Harmony Court Estate

7197 Canada Way, Burnaby, British Columbia, V5E 4A6
A top retirement home in the heart of Burnaby, BC offering seniors ease-of-living thanks to friendly staff, a hair salon, numerous landscaped gardens and much more.

Legacy Senior Living-611 West 41st Avenue,Vancouver,British Columbia,V5Z 0C7
 

Legacy Senior Living

611 West 41st Avenue, Vancouver, British Columbia, V5Z 0C7
Steps away from everything you need on Vancouver’s flourishing Oakridge neighbourhood, it’s easy to stay connected at Legacy Senior Living.

Shannon Oaks - Victoria (Oak Bay)-2000 Goldsmith Street,Victoria,British Columbia,V8R 0A2
 

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.

Arbourside Court-13751 - 74th Avenue,Surrey,British Columbia,V3W 1A8
 

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.

Shannon Oaks - Vancouver-2526 Waverley Avenue,Vancouver,British Columbia,V5S 4W1
 

Shannon Oaks - Vancouver

2526 Waverley Avenue, Vancouver, British Columbia, V5S 4W1
This elegant retirement residence in Vancouver includes a private dining room, exercise room, a coffee bar and a variety of other luxury amenities.

Astoria Retirement Community-2245 Kelly Avenue,Port Coquitlam,British Columbia,V3C 0B1
 

Astoria Retirement Community

2245 Kelly Avenue, Port Coquitlam, British Columbia, V3C 0B1
Inspired by the opulent mountain chalets of Whistler and Jasper, these luxury facilities and spacious deluxe suites are unmatched anywhere in the retirement industry. Whether you're looking for independent or assisted living, The Royale Astoria offers both options, along with unmatched affordability and flexibility.

Peninsula Retirement Community-2088 152nd Street ,Surrey,British Columbia,V4A 9Z4
 

Peninsula Retirement Community

2088 152nd Street , Surrey, British Columbia, V4A 9Z4
The Royale Peninsula is inspired by South Pacific tropical resorts, and is sure to make you feel like you're on vacation every day. Whether you're looking for independent or assisted living, The Royale Peninsula offers you both options along with unmatched affordability and flexibility.

PARC Retirement Living-Four locations in:,North Vancouver, West Vancouver and Burnaby,British Columbia,.
 

PARC Retirement Living

Four locations in:, North Vancouver, West Vancouver and Burnaby, British Columbia, .
Offering seniors residences throuhgout the Vancouver area, Pacific Arbour offers indpendent living in four premium service retirement homes including Burnaby.

Consider these additional retirement options: 



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