Retirement Home Costs

If you've decided to move yourself or a loved one into a retirement home, the cost can appear daunting at first. However, there are many different options for retirement home locations, payments, and services. These each yield a different final monthly cost. Refining your search based on your own specific needs and desired location will help find a cost you and your family can manage, and will also better help you envision the kind of retirement lifestyle each home can offer.

Cost of Ontario Retirement Homes
Ontario has by far the widest range of costs for retirement homes, including the cheapest and the most expensive rates across Canada. Retirement home costs range from as little as just under $1,500 to about $7,500 per month to rent a room. Rooms themselves can be studios, condos, or multiple bedroom suites. To buy a condo, it may cost between $249,900 and $390,000 to own. Ontario's retirement homes cover a wide range of specialized needs and forms of care.

Cost range for Ontario retirement homes rental units: $1,419 - $7,500. Individual retirement homes will be able to tell you more specifically what you can expect to pay for suites or units, of course. View our complete list of retirement homes in Ontario.

Cost of BC Retirement Homes
British Columbia follows Ontario in number of retirement homes and range of retirement home costs. Rental prices range from $1,470 for a studio room, to $6,200 for a two-bedroom condo. British Columbia’s retirement homes offer the best of services and amenities.

Cost range for BC retirement homes rental units: $2,500 - $6,200. We urge you to investigate the listings on our sites to find out the cost of each retirement home suite. View Comfort Life's listings of retirement homes in British Columbia.

Cost of Maritimes Retirement Homes
As it goes with real estate in general in the Maritimes, New Brunswick retirement homes are the country’s most affordable, ranging between $1,750 and $2,436 per month. Of course, the quality of New Brunswick’s retirement homes is the same as that offered throughout the rest of the country. Seniors live in great comfort on the East Coast in the retirement home of their choice.

Cost range for Maritimes retirement homes rental units: $2,400 - $6,200. The cost of individual retirement home units varies considerably depending on the size of the unit as well as the amenities and features you require. To get all the details, view our complete listings of retirement homes in the Maritime provinces.

Cross Country Costs & Comparison
Retirement homes across the country offer special discounts for accommodations for a couple or second person living in the same home. This should be taken into account when planning for the retirement of other family members and can be an excellent way to cut costs.

Cost by Type of Retirement Home
Retirement homes offer care options for every senior in Canada, whether they wish to continue to cook and care entirely for themselves, or require attentive, long-term medical supervision. The type of care a retired person needs heavily influences the type of retirement home they choose, and thus, the costs associated with that home.

The most common types of retirement homes allow residents to continue living independent and active lifestyles. With the least amount of extra care provided by retirement home staff, the costs of Independent Senior Living centres and Active Adult Living homes are generally lower priced. A little rarer are retirement homes that provide intensive attention to residents, such as Alzheimer’s Care and Long Term Care facilities. Rental costs in these retirement homes are understandably slightly higher. Though there are some smaller homes that specialize in a particular type of care, most of the larger retirement homes offer different levels of care for a wide range of residents. However, most importantly, cost alone should not determine the type of retirement home a senior chooses alone. The crucial factor is that the retired person is properly taken care of and is comfortable in their new surroundings.

A comparison of independent living retirement home costs across Canada:
For independent living retirement homes across Canada, the following lists the range of costs consumers can expect to find: