Planning for senior living accommodations is a crucial step that requires thoughtful consideration. Among the many questions future residents and their families ask, the cost of rent often tops the list of concerns. Understanding the factors affecting these costs, available options, and potential financial assistance can greatly simplify decision-making. This article provides an overview of rental prices in senior livings across Quebec and essential information to help prepare for this transition.
2024 Average Rent Prices for Senior Livings
Source: Price based on data provided by Bonjour Résidences partner senior livings in Quebec, in 2023.
| Regions | Average Rent for Standard Housing | Average Rent for Accommodation with Care | Average Rent per Unit |
|---|---|---|---|
$2,213 | $4,384 | Single room: $2,412 Studio: $1,722 1 bedroom: $2,181 2 bedrooms +: $2,999 | |
$2,197 | $3,670 | Single room: $2,170 Studio: $1,787 1 bedroom: $2,264 2 bedrooms +: $2,897 | |
$2,077 | $3,387 | Single room: $2,382 Studio: $1,912 1 bedroom: $2,243 2 bedrooms +: $3,014
| |
$2,260 | N/A | Single room: $2,574 Studio: $2,176 1 bedroom: $2,124 2 bedrooms +: $2,852 | |
$1,813 | $3,218 | Single room: $1,845 Studio: $1,913 1 bedroom: $1,907 2 bedrooms +: $2,343 | |
$1,880 | $2,969 | Single room: $1,907 Studio: $1,867 1 bedroom: $2,091 2 bedrooms +: $2,485 | |
$1,973 | $4,222 | Single room: $1,841 Studio: $1,752 1 bedroom: $2,091 2 bedrooms +: $2,785 | |
$1,904 | $3,396 | Single room: $1,912 Studio: $1,659 1 bedroom: $1,881 2 bedrooms +: $2,142 | |
$1,941 | N/A | Single room: $1,812 1 bedroom: $2,059 | |
$2,199 | N/A | Single room: $1,790
Studio: $1,754 1 bedroom: $2,301 2 bedrooms +: N/A | |
$2,030 | $3,165 | Single room: $1,970
Studio: $2,002 1 bedrooms: $2,057 2 bedrooms +: $2,468 | |
$2,456 | N/A | N/A | |
$1,880 | N/A | Single room: $1,892 Studio: $1,766 1 bedroom: $1,943 2 bedrooms +: $2,391 | |
$1,875 | N/A | Single room: $1,931
Studio: N/A 1 bedroom: $2,190 2 bedrooms +: N/A | |
$2,011 | $2,895 | Single room: $2,153
Studio: $1,862 1 bedroom: $1,882 2 bedrooms +: $2,372 | |
$1,893 | N/A | Single room: $1,754
Studio: $1,667 1 bedroom: $2,148 2 bedrooms +: $2,837 | |
| Northern Quebec | N/A | N/A | N/A |
$1,746 | N/A | Single room: $1,933 Studio: $1,517 1 bedroom: $2,054 2 bedrooms +: $2,520 | |
$2,192 | $3,877 | Single room: $2,201
Studio: $1,483 1 bedroom: $1,978 2 bedrooms +: $2,755 |
What Influences Rental Costs?
The Size of the Accommodation
The size of the unit plays a major role in rental costs. Generally, the larger the unit, the higher the rent. Senior living offers a variety of options, from single rooms to larger apartments like 2 ½, 3 ½, 4 ½ et 5 ½ units.
The choice of unit size depends on each person’s needs and budget. For example:
A couple might prefer a one-bedroom apartment for added privacy and comfort.
A single person may find a studio to be sufficient and cost-effective.
The Influence of Common Areas and Services
Beyond unit size, shared spaces and included services also impact rental prices. Some residents prioritize amenities like common lounges or dining halls, while others seek specific services such as housekeeping or meal plans.
Assessing Your Needs Before Choosing
Before making a decision, it is essential to carefully assess your personal and financial needs. Also, consider the features offered by each unit to find the option that best suits your lifestyle and budget. A thorough analysis will ensure that the housing choice aligns perfectly with your expectations.
Additional Costs to Consider
When planning for life in senior living, it is crucial to consider the potential additional costs that may be added to the base rent.
Additional Service Fees
On top of monthly rent, specific services may incur additional charges:
Specialized healthcare: Nursing care, personal assistance, or medication management
Recreational activities: Organized programs, outings, or workshops that might have separate fees.
Meal services: While some meals are included, extra options like guest meals could add costs.
Personal Expenses to Anticipate
Other personal costs to factor into your budget include:
Medication and health products
Insurance (home or health)
Transportation (taxis or adapted transport)
External leisure and activity costs
Determining Your Retirement Budget
Moving to a senior living is a major life decision that requires careful financial planning. To help guide you, our "Where to Start" page features a section dedicated to budgeting. You’ll find a practical table to list your income sources, such as salaries, pensions, or RRSPs, and to account for essential expenses like utilities, grocery, and other recurring costs. This structured approach provides a clear view of your finances and facilitates better planning for the transition to senior living.
Many senior living offers convenient bundled packages that include various services, simplifying expense management while enhancing your quality of life. For a better understanding of the cost differences between aging in place and living in a senior living, check out our article "What Is the True Cost Seniors Home Support?". This valuable resource helps you compare available options and make an informed decision for your future housing.
Tax Credits and Financial Assistance Available for Seniors
You may be eligible for government financial assistance that could significantly reduce your expenses. Additionally, several resources are available to provide information on savings strategies and the various tax credits you may qualify for.
For more information, we invite you to explore the following links:
Plan Your Transition to a Senior Living with Confidence
Choosing a senior living is an important decision with significant financial considerations. With proper planning and by exploring available assistance options, you can find accommodations that suit your needs while respecting your budget.
Contact the senior housing specialists at Bonjour Résidences by phone at 1 844 918-1020 or by filling out this form. We’ll be happy to support you in this transition to a new chapter of life.