Comfort Life - Your guide to retirement & care
Your guide to retirement living & care since 2002

How Much Does It Cost to Retire in Saskatchewan?

Discover the cost of retirement living in Saskatchewan 

In Saskatchewan, retirement communities cost anywhere between $1, 500 and $3, 500 and home care costs average between $15 and $75 an hour depending on the type and level of care you are looking for.

According to the CMHC’s 2013 Senior Housing Report, the average cost of renting a seniors’ housing space in Saskatchewan was $2, 505 per month, an increase of $70 from 2012.  You should get in touch with your provincial representative’s office, doctor’s office or local hospital to identify available spaces in heavy care spaces.

The CMHC’s 2013 Senior Housing Report also notes that depending on the residence or community, there are different amenities included in this monthly cost of rent. Most communities offered an onsite meal plan, a 24-hour bell call service (offered at 80%) and on-site medical services (offered at 37%). You should contact each residence you are interested in to get a clear understanding of the types of services and amenities that are included in your monthly rent.

For information on budgeting and financial tips read Easing Your Financial Stress

To get the clearest picture, you will need to first determine the level of care you require, your needs and what you’d like to get out of the retirement community or home care service you are interested in. You can research costs and then choose home care or a retirement community that not only meets your needs but also fits your budget.  

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

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

 


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