In 1972, the Ukrainian Self-Reliance Association (TYC) of Saskatoon initiated the idea of building a Ukrainian Orthodox Senior Citizens home in Saskatoon.

At a combined meeting of both parishes, Holy Trinity Cathedral and All Saints, and both branches of the U.A.W.C., held on April 15, 1973, a resolution was made to approve the project to build a senior's home for individual's of the Ukrainian Orthodox faith. This complex was to provide low-cost rental units. 

The official opening of Phase I, 51 units, was on June 24th, 1978. 

On August 20, 1978, the Board of Directors at Ilarion Residence began to investigate building an addition to Phase I.

Phase II, which added an extra 51 suites, was completed on September 30, 1984. The official opening ceremony was held on October 26th, 1984. 

Over the years the demand for senior accommodation increased. The Board of Directors began to investigate alternative approaches to meet changing needs. 

Phase III "Ilarion Village" was in the planning and design process for five years. During the planning, in addition to the interest in Life Lease units, it became apparent that there was a great need for Assisted living accommodations for seniors. Assisted Living will allow seniors to remain in their present community for a longer period of time. It was decided to proceed with the construction of Ilarion village with 30 Life Lease units and 21 Assisted Living units.

The official blessing of the commencement of Phase III - Ilarion Village took place on June 27 , 2003. The new facility opened its doors on July 25, 2003. The facility was officially opened on September 18, 2003.