Silvera for Seniors

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Rent cost

Rent cost

The rent you pay at Silvera is a percentage of your income, based on the community and type of suite you choose.

You can use the table below to calculate the specific rent you will be charged at each of our communities. For example, at Aspen you would pay between 71 and 73 per cent of your income. Use Line 150 of your most recent Notice of Assessment for your calculation.

Please note minimum rents in effect are noted in column 3.

Rents as of July 1, 2017

Community Percentages of income Minimum rents
Aspen 71% – 72% – 73% $1,232 – $1,250 – $1,267
Spruce 71% – 72% – 73% $1,232 – $1,250 – $1,267
Bow Valley 68% – 73% $1,180 – $1,267
Shawnessy 72% – 73% $1,250 – $1,267
Confederation Park 58% – 60% – 68% $1,007 – $1,041 – $1,180
Shouldice 68% – 73% $1,180 – $1,267
Valleyview 58% – 68% – 72% $1,007- $1,180 – $1,250
Beaverdam 73% – 78% $1,267 – $1,354
  • Couples are charged 66 per cent of combined income regardless of the community. Base rents for couples are $1,238 (one 65+), or $1,779 (both 65+).
  • Single occupancy in a double room is charged at 73 per cent (or 78 per cent at Beaverdam)

If your calculated amount falls below the minimum rent in column 3, you have to pay the minimum rent, but you must have $315 of disposable income left afterwards, as mandated by the Government of Alberta. For more details call the Placement Team at 403.567.5301.

Community Locations