Canada Senior Living Market AnalysisCompanies (2024 - 2029)

Canada Senior Living Market Analysis Companies Summary

The senior living market in Canada has caught the attention of investors and real estate developers, leading to an increase in capital flows and construction in the senior housing and long-term care sector. Despite the negative impacts of the COVID-19 pandemic, the sector has experienced a significant period of investment. Most participants in the Canadian senior living market are integrated owners/operators who, in 2020, devoted the majority of their focus on operations rather than new investments. However, investment market activity picked up in the second half of the year, and the total volume of senior housing transactions nearly doubled. The momentum of transaction activity is expected to continue to increase. The senior living market in Canada is relatively fragmented, with the presence of local and small developers and a few branded players. There is a high level of competition among these entities. Several major players in the market include entities specializing in senior care and residential facilities. Despite a reluctance among households to move into senior residences during the pandemic, the demand for senior housing has increased, a trend expected to continue in the coming years. This is driven by a focus on health and well-being and a rapidly aging population.