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Rates & Fees/Financial Assistance


There are three parts to the costs of tenancy:

 

Basic Rental Accommodation rates payable to the IOOF Seniors Homes Inc. Rent-Geared-to-Income (RGI) assistance is available for applicants that meet the eligibility requirements. RGI funding ensures that their monthly rent will not be more than 30% of their total household income. Approval is subject to the availability of RGI funding.

 

Basic Service Package fees are determined by the IOOF Seniors Homes Inc. based on a per diem formula which reflects the cost of providing the services. Acceptance of the Basic Service Package is a condition of tenancy.

 

Optional Service fees are the additional charges for programs and services that are not included in the Basic Support Package. This fee is based on a formula which reflects the cost of providing each service. You will be billed for any additional services provided on a monthly basis.


Rent Rates and Fees/Financial Assistance

Application for Rent-Geared-to-Income assistance must be made to the IOOF Seniors Homes Inc., in accordance with the requirements of the Ministry of Housing. Assistance will be subject to the availability of approved R.G.I. units. You are required to supply documentation of financial information and must notify us if or when your financial status changes. Review of your Rent-Geared- to-Income portfolio will be completed on an annual basis.

 

The monthly rate for market availability as of January 2017 is as follows:

 

The monthly rate charged includes a rental fee and a pre-set support service package fee. A pro-rated rent for 2017 is 1.5 % applied to all new Residents after January admission.

 

Each client must pay the support service package (this is not subsidized).

 

One person in a one bedroom apartment would pay per month:

$1,383.00 + $486.60 = $1,869.60

 

 

Two persons in a one bedroom apartment would pay per month:

$1,383.00 + $790.50 = $2,173.50

 

Two persons in a two bedroom apartment would pay per month:

$1,582.00 + $790.50 = $2,372.50

 

Two bedroom apartments are not available for one person.


In addition:

Cable TV is $42.00 per month which is compulsory as per Housing Occupancy and Support Service Agreement.

 

Laundry utilities cost is $20.00 per apartment. This is a compulsory monthly charge.

 

Parking is available for an extra $40.00 per month.