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How much does an old age home cost in Ontario? A comprehensive guide to senior living expenses

According to a 2024 report, the average cost of renting a senior housing space in Ontario is approximately $3,999 per month, though rates can vary dramatically depending on the type of facility. Understanding how much an old age home costs in Ontario requires a look at the different types of residences, from independent retirement homes to long-term care facilities, and the many factors that influence pricing.