- The Grand Canal Retirement Residence
What Is The Average Cost Of A Retirement Home In Welland In 2022?
When looking at retirement homes in Welland, the costs can vary depending on several factors. The physical, mental, and emotional abilities of the person should be the first consideration as there are residences for independent senior living in Welland and communities for those who require additional supportive services.
Generally, the costs associated with the different living arrangements are based on the amount of care provided, amenities available, and the location. Depending on the residence, there may be government funding available to support partial payment.
Average Cost of Retirement Homes in Welland
The average cost of a senior living space in Ontario in 2018 was $3,038 per month, according to the Canadian Mortgage and Housing Corporation. This figure considered meals, utilities, a wide variety of on-site amenities, nursing support, and medical services. The location of the community was key in these findings as an urban centre had higher cost brackets.
For example, a one-bedroom suite in the city of London averages $5,800 per month while a one-bedroom of similar square footage in the city of Welland averages $4,000 per month.
Factors That Affect Retirement Home Costs
The type of retirement home chosen will impact the expected cost. There are many retirement communities for people who are fully independent and do not require any form of assistance. While there are others that provide senior supportive living, meaning residents have full independence and can choose to add on additional support services whenever necessary. These homes are perfect for self-sufficient seniors who do not want the hardships of maintaining their own homes.
Location (According To The Area)
Senior living retirement homes provide various amenities and care services in accordance with their location. In comparison to other Canadian provinces, Ontario has the broadest cost range from the most affordable to high-priced luxury living arrangements.
For example, a simple room and board in Kitchener can average $3,550 per month while the same options for an Etobicoke setting averages $1,450.
As it can be seen in the prementioned prices, the costs can vary in accordance with the required care. Depending on the residence’s services, the extra costs may include personal healthcare, medication management, basic medical services, and personal aid. This form of aid may comprise of dressing, bathing, feeding, and toileting.
Alzheimer’s and Memory Care
The required care and services necessary for those diagnosed with Alzheimer’s Disease and other dementia conditions may increase the cost of assisted living. These services consist of partial and total personal care, feeding, housekeeping, medication management, and transportation.
Independent Supported Living
Independent supported living is an extension to the service available with independent senior living but not to the requirements of assisted living. These residences provided the same comforts of meals, housekeeping, and entertainment while adding basic personal care and medical services. The costs are logged individually in accordance to required services.
Costs for short-term stays in retirement residences depend largely on the reason for the stay and which type of accommodation is needed. Seniors requiring medical care after surgery who are not able to return home can receive care in a retirement home. Before deciding to move to a retirement community, one may be able to rent a room for a short stay.
Safety and Medical Services
Most retirement residences, regardless of the services offered, do provide a safety through security measures, whether it be an on-site security personnel detail and/or with alarms and monitored surveillance cameras.
Medical services offered vary on the location of the residence and the type of accommodation. Basic medical services are included in any unit price with additional or specialized services increasing the cost.
Food & Bar Services
More and more retirement communities are adding cafés, patios, lounges, and bars to appeal to the social side of retirement. These gathering rooms are not usually included in the price of room and board as many are managed by other companies.
The cost of retirement communities across Canada includes the provision of three meals a day with the majority of places also including snacks and alcoholic-free beverages. To entice residents to choose living at a residence, the management may offer a restaurant-style dining room as opposed to a cafeteria.
Social Events & Transportation Cost
Social events become even more important when it comes time to move to a retirement community. While many places have entertainment rooms available for the residents to use, there are residences that have additional social events they outsource from local sites. The costs of social events are reflected in the monthly bill.
Transportation is key, especially if one no longer has access to a vehicle. Many residences provide transportation to local shopping malls, community social and sports events, and to medical appointments.
Third-Party Services Cost
As needs for specialized care can vary among residents, these services are often charged as used on a pay-as-you-go basis. For example, many places in-house salons, hairdressers, physiotherapy, and mobile clinics.
Cable and Internet Service Charge
Basic cable and internet service may be included in the monthly room and board charges in larger communities. In situations where this service is not provided, one can expect to pay $50 to $300 extra per month for both services.
Find the Right Retirement Home in Welland
For senior living homes in Welland, The Grand Canal Retirement Residence offers the luxuries of a resort in a safe and secure environment. As our location is along the beautiful banks of the Welland Recreational Waterway, in the heart of Welland, the opportunities for high-end senior living are endless!
Our friendly, professional team provides care and supportive serves as needed as we focus on ensuring you have exceptional experiences during this new chapter of your life. Contact us today for a guided tour.