The cost of independent living communities will differ significantly based on the services offered, the location of the accommodations and nearby amenities, and much more. Seniors opting for independent living can expect the monthly costs to range from $1,200 to $4,000. Facilities that are independently owned or run by small businesses tend to cost less.
Independent living in Canada is less expensive than assisted living, which is ideal for seniors who need assistance with daily tasks. According to the Financial Post, the latter can cost anywhere between $3,000 to $7,000 per month based on the care services included. Prices will also vary depending on the province, city, or town.
Another great source of information is word-of-mouth. If you have family members, friends, or acquaintances who recently moved to a retirement community, ask them about their experience and any advice they can give you to help ease the process of finding the perfect living arrangement.