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Report
Canada Senior Living - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)
Market Report I 2026-02-09 I 150 Pages I Mordor Intelligence
Canada Senior Living Market Analysis
The Canada Senior Living Market was valued at USD 15.67 billion in 2025 and estimated to grow from USD 16.59 billion in 2026 to reach USD 22.04 billion by 2031, at a CAGR of 5.84% during the forecast period (2026-2031). Demand is propelled by the rapid expansion of the 85-plus cohort, growing hospital discharge backlogs, and the preference of affluent baby boomers for purpose-built communities that integrate health care, hospitality, and social programming. The accelerating shift away from single-family homes toward service-rich, age-in-place residences is deepening penetration rates in urban cores. Meanwhile, operators are grappling with an acute labor shortage-35,000 nursing vacancies nationwide-and rising wage pressure even as occupancy recovers to pre-pandemic levels. Capital continues to flow into the Canada senior living market from REITs and infrastructure funds, with technology-enabled care models and sustainability retrofits emerging as critical differentiators.
Canada Senior Living Market Trends and Insights
Rapid Aging of the 75-85+ Cohort Boosting Demand for Independent, Assisted, and Memory Care
The 85-plus population is set to triple by 2073, creating a long runway of need for housing that can scale care intensity. Residents over 80 present higher rates of chronic disease, mobility limits, and dementia, shifting demand toward assisted living and memory care. Operators have responded by allocating more capital to high-acuity suites and by embedding nursing partnerships to manage complex clinical profiles. Sustained demographic momentum shields the Canada senior living market from cyclical swings and underpins development pipelines. Staffing strategy now centers on building nurse pipelines before rising acuity outpaces available labor.
High Household Wealth Among Boomers Enabling Private-Pay Options and Premium Amenities
Seniors control 61% of national household wealth, with a median senior family net worth of USD 806,000, supporting a willingness to pay for upscale communities. Luxury operators such as Amica achieve occupancy above 90% by bundling chef-driven dining, wellness clinics, and concierge services. The wealth effect is most pronounced in Greater Vancouver and the GTA, where home equity unlocks liquidity to fund entry fees. Regional disparities persist, leaving Atlantic markets underserved. Investors view high-net-worth segments as insulated from pricing pushback, reinforcing a two-tier supply pattern across the Canada senior living market.
Affordability Gaps and Limited Middle-Market Product in High-Cost Provinces
Monthly assisted-living fees range from USD 2,565 to USD 4,030, a level 40% of older Canadians cannot meet without selling assets or leaning on relatives. Land prices, construction inflation, and municipal charges push new rents even higher in Vancouver and Toronto, widening the divide between luxury towers and subsidized nursing beds. Households earning USD 36,650 to USD 58,640 fall into an underserved "middle" that finds few purpose-built options. Quebec's private RPA model proves that scale can trim costs-average rates sit near USD 2,418-yet even this level excludes the two lowest income quintiles. Operators must cut unit sizes, share amenities, or partner with provinces on rent supplements to unlock this latent demand.
Other drivers and restraints analyzed in the detailed report include:
Shift from Single-Family Homes to Service-Rich, Age-in-Place Communities Near Healthcare and TransitHospital and Home-Care Capacity Pressure Driving Referrals Toward Seniors Housing and Transitional Care ModelsAcute Staffing Shortages and Rising Wages for Nurses/PSWs Squeezing Margins and Service Levels
For complete list of drivers and restraints, kindly check the Table Of Contents.
Segment Analysis
Independent Living captured 42.46% of Canada's senior living market share in 2025, underscoring its role as the entry point for the young-old segment. Suites emphasize social engagement, dining choice, and wellness, allowing operators to run lean clinical staffing. Memory Care, however, is the growth engine, advancing at a 6.33% CAGR through 2031 as dementia prevalence climbs and families pursue specialized settings. Sienna's USD 880 million purchase of Aspira's portfolio signaled the premium investors assign to higher-acuity models. Average monthly fees in dedicated memory wings reach USD 4,398-5,864, out-earning independent units by 40-60%.
Developers now favor continuum-of-care sites that combine independent, assisted, and memory options under one roof, boosting lifetime value and retention. Verve's Don Mills community exemplifies this vertical integration, housing 94 independent suites, 23 assisted units, and 17 secure memory beds. By 2031, multi-level campuses are expected to supply more than half of the new beds in the Canada senior living market. Nursing Care, while heavily regulated, benefits from provincial capacity mandates; Extendicare's pipeline illustrates the public-private alignment needed to expand long-term care inventory.
The Canada Senior Living Market Report is Segmented by Property Type (Assisted Living, Independent Living, Memory Care, Nursing Care), by Business Model (Outright Sale Freehold, Long-Lease Rental, Hybrid Sale Lease), by Age (55-64, 65-74, 75-85, Above 85), and by Geography (Ontario, Quebec, British Columbia, Alberta, Rest of Canada). Market Forecasts are Provided in Terms of Value USD.
List of Companies Covered in this Report:
Chartwell Retirement Residences Sienna Senior Living Revera Inc. Extendicare Inc. Atria Senior Living Sunrise Senior Living All Seniors Care Living Centres Amica Senior Lifestyles Seasons Retirement Communities Groupe Selection Verve Senior Living Signature Retirement Living Optima Living Welltower Inc. Ventas Inc. Harrison Street Diversicare Canada Park Place Seniors Living Berwick Retirement Communities A Place for Mom
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 Introduction
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Landscape
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rapid aging of the 75-85+ cohort boosting demand for independent, assisted, and memory care.
4.2.2 High household wealth among Boomers enabling private-pay options and premium amenities.
4.2.3 Shift from single-family homes to service-rich, age-in-place communities near healthcare and transit.
4.2.4 Hospital and home-care capacity pressure driving referrals toward seniors housing and transitional care models.
4.2.5 Technology-enabled care (remote monitoring, EMR, fall detection) improving outcomes and operating efficiency.
4.3 Market Restraints
4.3.1 Affordability gaps and limited middle-market product in high-cost provinces.
4.3.2 Acute staffing shortages and rising wages for nurses/PSWs squeezing margins and service levels.
4.3.3 Complex, province-by-province regulations and licensing slowing approvals and expansion.
4.4 Value / Supply-Chain Analysis
4.5 Policy & Regulatory Framework (state guidelines, licensing, incentives)
4.6 Insight on Upcoming and Ongoing Projects
4.7 Insights on Digital & Tech Enablers (telemedicine, smart amenities)
4.8 Insights on Business Model & Operator Evolution
4.9 Insights on Investment & Financing Trends
4.10 Insights Sustainability & Design Innovation
4.11 Porter's Five Forces
4.11.1 Threat of New Entrants
4.11.2 Bargaining Power of Buyers
4.11.3 Bargaining Power of Suppliers
4.11.4 Threat of Substitutes
4.11.5 Competitive Rivalry
5 Market Size & Growth Forecasts (Value)
5.1 By Property Type
5.1.1 Assisted Living
5.1.2 Independent Living
5.1.3 Memory Care
5.1.4 Nursing Care
5.2 By Business Model
5.2.1 Outright Sale (Freehold)
5.2.2 Long-Lease / Rental
5.2.3 Hybrid (Sale + Lease)
5.3 By Age
5.3.1 55 to 64 years
5.3.2 65 to 74 years
5.3.3 75 to 85 years
5.3.4 Above 85 years
5.4 By Province
5.4.1 Ontario
5.4.2 Quebec
5.4.3 British Columbia
5.4.4 Alberta
5.4.5 Rest of Canada
6 Competitive Landscape
6.1 Market Concentration
6.2 Strategic Moves
6.3 Market Share Analysis
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
6.4.1 Chartwell Retirement Residences
6.4.2 Sienna Senior Living
6.4.3 Revera Inc.
6.4.4 Extendicare Inc.
6.4.5 Atria Senior Living
6.4.6 Sunrise Senior Living
6.4.7 All Seniors Care Living Centres
6.4.8 Amica Senior Lifestyles
6.4.9 Seasons Retirement Communities
6.4.10 Groupe Selection
6.4.11 Verve Senior Living
6.4.12 Signature Retirement Living
6.4.13 Optima Living
6.4.14 Welltower Inc.
6.4.15 Ventas Inc.
6.4.16 Harrison Street
6.4.17 Diversicare Canada
6.4.18 Park Place Seniors Living
6.4.19 Berwick Retirement Communities
6.4.20 A Place for Mom
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