The cost of housing depends on what level of service and care you need. Typically, the more services and care you have, the more expensive it will be.
The Canadian Mortgage and Housing Corporation (CMHC) released the Senior Housing Survey in 2021. CMHC looked at the cost of standard spaces. That’s where the resident doesn’t receive high-level (defined as 1.5 hours or more of care per day). The average rent for standard spaces was on average $3,075 per month. This monthly cost varies across Canada.
Senior housing costs and programs vary by province and territory. If you're a senior with a low income, there may be programs to help you get affordable housing.
Learn more about senior housing programs and resources available in your province or territory:
If you’re thinking about staying in your home, also called aging in place, consider budgeting for small adjustments to it. To be autonomous, you may have to keep your home up to date and adapt it to your needs as you age.
Some provinces and territories have programs, benefits or tax credits for seniors who are making changes to their homes to make them more accessible.
First Nations or First Nation members living on reserve can apply for funding to make home adaptations for seniors.