Scarborough Independent Living For Purchase

The cost of purchasing senior housing in Scarborough depends on the ownership model. In senior condo communities, buyers pay a market-value purchase price, plus monthly condo fees that cover building maintenance, snow removal, landscaping, and access to shared amenities like fitness rooms or lounges. Some properties may also charge a mandatory service fee for access to on-site care services, housekeeping, or meals in a dining room or restaurant. These service fees are separate from condo fees and vary depending on the level of service. Prices and monthly costs are set by the developer or condo board and are not standardized across the province.

Life lease communities require a large upfront payment to occupy a unit — often without traditional ownership or resale rights — along with ongoing monthly fees for property operations and shared services. Land lease communities allow you to own the structure but lease the land, keeping purchase prices lower. However, you’ll still pay monthly lease and maintenance fees. Both models are popular among older adults looking for low-maintenance living, but cost structures vary significantly depending on the operator, location, and amenities offered.

Yes — if you know your estimated monthly housing expenses, you can use our Senior Housing Cost Calculator to compare the cost of living in an ownership model (like a condo, life lease, or land lease) to the monthly cost of living in a retirement home. While the calculator doesn't account for purchase prices, it’s a helpful tool for understanding how ongoing housing-related costs stack up over time.