Chartwell Retirement Residences, Revera, and Extendicare were the senior housing managers with the highest number of units in Canada in 2022. Chartwell Retirement Residences specializes in retirement residences (facilities providing independent living for seniors) and in that year, managed ****** retirement and ***** long-term care units. Extendicare, on the other hand, operates only long-term care residences, which cater to seniors with more complex healthcare needs.

The report covers Retirement Home Companies in Canada and the market is segmented by Province (Alberta, Nova Scotia, Quebec, British Columbia, Ontario, and Rest of Canada). The report offers market size and forecast in value (USD billion) for all the above segments.

Home care providers in Canada play a crucial role in supporting the aging population. The number of adults aged 65 and older is rapidly outpacing the national population growth, leading to a strong and increasing demand for home care services. Older Canadians often need assistance with complex, chronic health conditions and daily activities and there is a growing preference among them to stay in their homes as they age. Despite the expanding market, home care providers face significant challenges, including staffing shortages and inflation. COVID-19 worsened existing labour shortages, exacerbating an already critical situation. The industry struggles to keep up with the increasing demand because of a workforce stretched thin by high turnover rates and burnout. Still, the expanding role of home care providers has led to industry revenue growth at a CAGR of 2.6%, reaching an estimated $7.5 billion, with expected growth of 1.9% in 2025. Labour shortages have reached critical levels because of various factors, including an aging population, insufficiently trained caregivers and challenging work conditions. These shortages significantly impact the industry, leading to increased workloads for existing staff, compromised quality of care and delayed wait times. As agencies struggle to attract and retain workers, wages have risen to record highs, straining financial resources and hurting profit. A new federal initiative, the Enhanced Caregiver Pilot Program, which launched in March 2025, aims to mitigate shortages by granting permanent residency to caregivers who meet specific requirements, potentially expanding the pool of available workers. Demographic trends, tech advances and societal shifts will continue to shape the home care environment. Canada’s growing population of adults aged 65 and older will increasingly rely on home health providers to meet their needs for aging in place. However, home care providers will need federal and provincial assistance to address this demand. Current measures could support the industry, such as Canada’s caregiver pilot program to expand the workforce and a proposed home care benefit to increase access by removing cost barriers. Yet, more efforts will be needed to resolve systemic issues. Tech advances will be essential as they make home care a safer, more viable option compared to residential care. However, adoption costs could limit widespread use, particularly among smaller, independently operated agencies. Overall, revenue is expected to continue rising, growing at a CAGR of 1.8%, reaching an estimated $8.2 billion over the next five years.

The global assisted living market, valued at $165.55 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 7.5% from 2025 to 2033. This expansion is driven by several key factors. The aging global population, particularly in developed nations like the United States, Canada, and across Europe, is a significant driver. Increasing prevalence of chronic diseases like Alzheimer's and dementia, requiring specialized care, further fuels market demand. Moreover, shifting societal preferences towards community-based care options, offering greater independence and personalized services compared to traditional nursing homes, contribute to this growth. Technological advancements in remote patient monitoring, telehealth services, and assistive technologies are also improving the quality of care and efficiency, thus boosting market adoption. The market is segmented by service type (medication monitoring, palliative & hospice care, disease monitoring, mobility assistance, and others) and facility type (adult family homes, community-based residential facilities, and residential care apartment complexes), reflecting the diverse needs of the assisted living population. North America currently holds the largest market share, followed by Europe and Asia Pacific, with growth expected across all regions, particularly in emerging economies experiencing rapid population aging. The competitive landscape is comprised of both large national and regional players, including Atria Senior Living Inc, Brookdale Senior Living Inc, and others. These companies are investing in expanding their service offerings, enhancing care quality, and leveraging technology to meet the growing demand. However, challenges remain, including the high cost of care, regulatory hurdles, and workforce shortages in the healthcare sector. These factors, while posing potential restraints, are not expected to significantly impede the overall market growth, given the substantial and escalating need for assisted living services in the coming years. Strategies focused on innovative care models, improved technology integration, and workforce development will be crucial for sustained market expansion and success within the sector. Recent developments include: March 2024: Epoch Elder Care inaugurated its second assisted living facility in Pune, named "Epoch Picasso House." This new establishment seamlessly combines comfort, care, and warmth, catering to elders who need help with daily activities or have chronic medical conditions.January 2024: Clarest Health announced its acquisition of Remedi SeniorCare, a provider specializing in pharmacy services for long-term and post-acute care.. Key drivers for this market are: Increasing in Geriatric Population, Government Supports and Funding and Technological Advancement. Potential restraints include: Increasing in Geriatric Population, Government Supports and Funding and Technological Advancement. Notable trends are: The Medication Monitoring Segment is Expected to Hold a Significant Share Over the Forecast Period.