September 30, 2024
A report by Cushman & Wakefield found that the senior housing market in Canada is recovering, with occupancy and rent growth showing positive trends. Occupancy increased to 88% and is expected to surpass pre-pandemic levels by the end of 2025. Both Canadian and U.S. markets are targeting the baby boomer cohort, leading to changes in senior living communities, including amenities, unit types, care levels and services. The senior living market experienced declining supply growth and development activity over the past five years.
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