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by gruez 521 days ago
>Canada here. The maximum possible CPP (Canada Pension Plan) monthly payout is half the average rent for a 2 bedroom apartment across the country.

1. For cities or rural areas? If you're retired you don't really need to live close to a city center for a job. That'll reduce costs significantly.

2. Why would a retired person need 2 bedrooms?

3 comments

The elderly probably need to live close(r) to healthcare facilities. The vast majority of chronic disease burden is concentrated into the last 10 years of life or so. Living in a rural area with few doctors in proximity means realistic risk of undetected cancer, or having a heart attack too far from an ICU etc., thus dying perhaps a decade earlier.
> Why would a retired person need 2 bedrooms?

To receive visiting relatives for a couple days. Also when they get sick or break a bone, and need 24/7 assistance for a couple weeks/months, having a second bedroom available is very helpful.

1. Country wide. In Toronto or Vancouver it's more like 3-4x.

2. Because 2 bedrooms are the most common type of unit so realistically that's the actual "average rent". Statistics that use single bedroom units are garbage because so few units exist.