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Canadian Seniors Housing Industry Overview

Sean McCrorie • 2/27/2024


Cushman & Wakefield’s Seniors Housing & Healthcare Practice Group provides consulting, valuation and advisory services to owners, operators, buyers and sellers of seniors housing properties. We are pleased to share our latest Seniors Housing Market Overview. 

Our latest report provides a detailed review of the Canadian seniors housing sector in 2023, in-depth analysis of the current state of the market and our outlook for 2024 and beyond.

Over the near-term, favourable supply and demand fundamentals are expected to lead the sector beyond the post-pandemic recovery phase and into growth. Today, the seniors housing asset class finds itself on the doorstep of a favourable demographic-driven demand curve shift. Despite the growing demand, as a result of five years of declining development activity, the rate of supply growth has slowed to a cyclical low. The confluence of these trends will result in tightening market conditions and will continue to drive improving occupancy and outsized rent growth. We believe these factors will result in seniors housing outperforming traditional real estate sectors over the next decade.

Download the 2024 Canadian Seniors Housing Industry Overview.

Interested to learn more on this alternative real estate asset class? Contact us today.


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