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Financial Considerations
Determining the financial resources available is an important part of this process.
Costs vary depending on the accommodation and services. It is advisable to consult with a financial planner or other qualified advisor to help you determine what you can afford.
Supportive Housing Costs
We have provided examples of the average monthly costs associated with Supportive Housing. The two charts that follow compare the average monthly cost to live on your own compared to the cost of Supportive Housing. The below will assist you in determining your current costs versus potential costs in a new living environment.
| Supportive Housing Monthly Costs |
| Rent: |
$1,000 - $2,000 |
Household Expenses:
Water, gas, electricity, property taxes, repairs. |
Included |
| Phone/Cable: |
$65 |
| Insurance: |
$10 |
| Food: |
Included |
| Total Average Monthly Cost: |
$1,075 - $2,075 |
| February 2009 |
Supportive Housing is an expense that is comparable, on average,
with living in a house, condo, or a life lease concept. |
| Home Owner / Tenancy Monthly Costs |
| Rent/Mortgage/Clear Title (*): |
$740 |
Household Expenses:
Water, gas, electricity, phone, cable, property taxes,
repairs, insurance. |
$1,172 |
| Food: |
$528 |
| Total Monthly Cost: |
$2,440 |
*If you have clear title to your home, the sale of your home would provide you with a substantial amount of money to invest and earn income - which in turn could assist you in your living expenses.
Sources: Canada Mortgage and Housing Corporation; Statistics Canada;
Consumers Association of Canada. February 2009 |
Please use the calculator below to assist you in determining your average monthly cost.
In Conclusion
Research your Options:
Visit our interactive map which lists our members' housing and care residences throughout the Province. You can review details for each of our members' residences to learn about the amenities and services available. Some locations include photos and/or Virtual Tours that can give you an even better sense of what is offered. You can also request additional information from the residences you are interested in by calling each one directly.
Visit your top candidates:
Schedule a visit to tour a residence of interest. In fact, we recommend visiting several. Go prepared with your list of questions and keep notes. By systematically evaluating your top candidates, you can compare how each matches the particular needs and expectations for your situation.
Finally:
In conversations with the individuals involved and other family members it helps to be open and honest about what is absolutely needed and what is open to compromise and negotiation. Once the needs are clearly defined based on considerations of health, safety, financial implications and social connections, you can define the desires, to ensure that the preferred lifestyle can be maintained.
If you are assisting someone in making this decision, remember to evaluate the options from their point of view, as well as your own. And if you are uncertain of anything, it may be best to seek the advice of a professional.
Supportive Housing in Manitoba
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