What You Need to Know about Saskatchewan Retirement Home Costs, Retirement homes in Saskatchewan offer seniors a range of living options, from independent living to assisted living and memory care. While the cost of retirement homes in Saskatchewan can vary based on factors such as location, services offered, and level of care required, it is important to understand the average costs and what to expect when it comes to paying for retirement home living.
According to a 2021 report by the Canada Mortgage and Housing Corporation (CMHC), the average monthly rent for a one-bedroom retirement home unit in Saskatchewan was $3,395. This cost includes rent, utilities, meals, and housekeeping services. However, it is important to note that this is an average and costs can vary widely depending on the location and specific amenities and services offered by each retirement home.
In addition to the monthly rent, many retirement homes in Saskatchewan also charge a one-time move-in fee. Another important factor to consider when it comes to retirement home costs in Saskatchewan is the level of care required. For example, if a resident requires additional assistance with activities of daily living (ADLs) such as bathing, dressing, and grooming, they may need to pay for additional care services from the retirement home or hire a private caregiver.
It is also important to consider the potential costs associated with moving out of a retirement home. Some retirement homes require residents to give several months’ notice before moving out, while others may charge a fee for breaking the lease early.
Fortunately, there are resources available to help seniors and their families navigate the costs of retirement home living in Saskatchewan. For example, the Saskatchewan Ministry of Health offers a number of programs and services to help seniors access affordable housing options and financial assistance for home care services.
Overall, while the cost of retirement homes in Saskatchewan can be significant, it is important to carefully consider the benefits and services offered by each home before making a decision. Seniors and their families should also research available financial assistance programs and resources to help make retirement home living more affordable.
