Retirement Homes
What is a Retirement Home?
Retirement homes are privately operated residential facilities for seniors aged 65 and over who require two or more care services. Unlike CHO and HWS homes, retirement homes are not government-subsidised — they operate on a private-pay model. They are licensed and regulated by the Retirement Homes Regulatory Authority (RHRA) under the Retirement Homes Act, RSO 2007.
Fees & Revenue
Fees are determined by market forces — not subject to provincial rate caps. Monthly charges range from approximately $1,500 for a modest room in a smaller home, to over $8,000 in premium facilities. Annual increases for existing residents are subject to the Residential Tenancies Act.
Size & Business Model
Retirement homes range from small owner-operated homes with as few as 6 beds, to large national chains. Larger homes generally generate more net income per resident due to economies of scale.
Common Questions
- Who can own a Retirement Home?
- Anyone who holds a clean Vulnerable Sector Police Clearance.
- Does a Registered Nurse need to be on-site at all times?
- No — however, each home is required to have a Director of Care overseeing the care program.