Cost calculator for retirement living in Hamilton, ON
See how life at Atria Retirement Canada compares to the monthly costs of living at home.
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Your questions, answered
Finding ways to pay for your retirement can be tricky. These answers to the most common financial questions can help.
Traditional Resources
One monthly rate includes a private apartment, basic utilities, three chef-prepared meals daily, housekeeping, transportation, routine maintenance and a full calendar of social events. Personal care services are available through third-party providers at an additional cost.
For many older adults, the monthly cost of senior living at Atria Retirement Canada is comparable to, and often less, than the combined expenses of living at home.
Yes. The Canada Pension Plan (CPP), Old Age Security (OAS) and Guaranteed Income Supplement (GIS) are commonly used to help cover the monthly cost of living at Atria Retirement Canada.
Yes. Atria Retirement Canada offers flexible, month-to-month lease terms.
Veterans Benefits
Yes. Eligible veterans and their surviving spouses may qualify for Veterans Affairs Canada (VAC) benefits, which can help offset senior living costs.
Yes. VAC benefits can be applied toward monthly rent and services at our community.
Speak with a VAC representative or financial benefits advisor. Our team can also help point you to helpful resources.
While we don’t complete applications, our staff is happy to guide you toward trusted veterans benefit resources.
Loans
Some older adults choose short-term financing options, such as personal loans or bridge loans, to help cover costs during a transition period.
A bridge loan is a temporary loan that can help cover senior living expenses while you wait for your home to sell or other funds to become available.
Loans are typically best used as a short-term strategy rather than a permanent payment plan.
Financial advisors or senior living financial specialists can help you determine whether a loan makes sense for your situation.
Life Insurance
Yes. Some life insurance policies can be accessed through cash value withdrawals, policy loans or life settlements.
A life settlement allows you to sell an existing life insurance policy for a lump sum that can be used toward senior living expenses.
It can. Accessing or selling a policy may reduce or eliminate benefits, so it’s important to review options carefully.
A licensed Canadian insurance advisor or financial professional can help you understand how your policy may be used.
Real Estate
Not necessarily. Many residents move in first and sell their home later.
Yes. Proceeds from a home sale or a home equity option may be used to fund senior living.
Short-term solutions like bridge loans can help cover costs until your home is sold.
We can help connect you with trusted local resources to support the selling and moving process.
Looking for More? Explore our Retirement Guide.
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