How Much Does a Retirement Residence Cost near Oakville or Mississauga? Part Three

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After I visited three retirement homes to the west of Toronto recently, I wrote some general information about the costs and the specifics of the costs at one building. In this continuing saga, I’m going to discuss the costs for a one-bedroom retirement residence suite at a building in Oakville that also offers memory care units.

What Does It Cost to Live at Retirement Residence #2 In Oakville with No Health Care Provided?

I’m leery of naming the residences on my personal website as I’m not sure of the legality of displaying their prices by name. So I’ll just call the three I visited #1-3.

These articles are meant to help you estimate the prices and the services offered by retirement residences. You’ll still have to visit them to see what you think of the rooms, social offerings, menus and care. Prices can vary depending on the occupancy rate and inflation.

These prices were described in February 2018.

I asked first about the cost of a one-bedroom suite with 2 people sharing in a retirement apartment. Three meals and snacks are included. A weekly housekeeping visit with linen change is included. Social activities and fitness activities are included. A 24-hour alarm system is included.

Costs ranged from $5 100 to $5 740 per month

This cost included cable for TV, telephone service and internet access in the suite, unlike at some of their competitors.

What Does It Cost to Live at Retirement Residence #2 In Oakville with Minimal Health Care Assistance?

I was surprised that the Sales person at this residence said that for minor care, the residents could apply through CCAC for free hours of support. I am not sure how easily that can be achieved.

What Does It Cost to Live at Retirement Residence #2 In Oakville with Assisted Care?

Again, I had difficulty getting specific numbers from the Sales person for additional care costs.

Some prices mentioned were

  • Incontinence care $600 per month including the diapers
  • Escorting to meals and activities from $450 per month
  • Simple assistance in the morning with getting out of bed and dressed from $150 per month.

I would have to get more details and a realistic idea of whether publicly-funded support hours were available before I could get a realistic total cost estimate.

What Does It Cost to Live at Retirement Residence #2 In Oakville with Memory Care?

The Memory Care floor at this residence was highly populated already, unlike the rest of the newly opened building.

These suites are small studios meant for a single person.

The cost was $5 320 per month.

I’m not clear how much the additional charges are for personal support. Residents in the Memory Care area vary from those needing only supervision and prompting to those requiring a great deal of support, so I’m sure there are variances in the costs.

What Other Costs Do I Need to Consider When Budgeting for a Retirement Residence?

The costs of the rooms and services are obviously very high. Be sure to review the other costs you should include in your budget. I’ve described some of them in the previous post (Part 2).

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