Toronto
Retirement Home
Cost Calculator
To compare the costs of living in your current home to the cost of living in a senior-focused residence, you will need to first contact at least one residence in Toronto to find out monthly rent, housekeeping costs, laundry costs, meal costs, and any additional costs they charge on a monthly basis. Please use our Housing Options Page to reach out to any homes that have provided contact information. Click on the "Contact Us Now" button to send them an email requesting information or "View Profile" to locate a phone number or see details on the property. Ensure you have a list of your current expenses and assets handy as you work through the calculator. You can redo the comparison chart any number of times as you locate more pricing for homes in your area.
Retirement Home Cost Calculator Toronto
Compare Living Costs in Toronto
Try the Cost Comparison Calculator NowCompare Living Costs in Toronto
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Is Senior Housing in Toronto More Cost-Effective Than Living at Home?
Choosing the right care for yourself or a loved one isn't just about support — it's also about affordability and value.
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Many families wonder: Is it more economical to remain at home or transition into a retirement residence with care included?
To answer that, we've developed the Retirement Home Cost Calculator, a powerful tool that lets you compare your current living expenses with the cost of Senior Housing in Toronto.
Use Our Calculator to Compare Costs Easily
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Our calculator allows you to factor in
- Rent or mortgage
- Groceries and dining
- Utilities
- Housekeeping or home maintenance
- Transportation
- Personal care or support services
These are automatically compared to what's typically included in a Seniors Housing residence — like meals, personal care, 24/7 staff, and housekeeping — in your local area.
What Does Senior Housing Include in Toronto?
In most Toronto-based communities offering Senior Housing, residents benefit from
- Private accommodations
- Three meals a day and snacks
- Daily assistance with personal care (bathing, dressing, mobility)
- Medication management
- Recreation and wellness programming
- On-site staff and emergency support
Toronto COST CALCULATOR
CURRENT ANNUAL INCOME
| Government Pension: | |
| Other Pension: | |
| Dividends: | |
| Interest: | |
| Annuities: | |
| Trust Income: | |
| Other Income: | |
| Gross Income: |
EQUITY INCOME FROM SALE OF PROPERTY
| Sale Price of House: | |
| Outstanding Mortgage: | |
| Real Estate Commissions: | |
| Other Selling Expenses: | |
| Net Proceeds of Sale: | |
| Annual Investment Income: |
MONTHLY COST OF LIVING COMPARISON
| Item | Present Monthly Cost | Retirement Residence Cost |
|---|---|---|
| Rent or Mortgage | ||
| Insurance | ||
| Housekeeping | ||
| Laundry | ||
| Groceries / Dining | ||
| Entertainment | ||
| Other | ||
| Total | ||
| Deduct Monthly Income | ||
| Monthly Residual Funds |
Disclaimer:
Data submitted is for your use only.
We do not keep any data entered.
For your convenience you can print or save your calculations.
Get In Touch
1 Promenade Circle, Thornhill L4J4P8
844-585-7255
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Take advantage of our experience working and networking in the senior marketplace.