CAM July 2021

Page 10

COVID’s Impact on Seniors’ Housing CMHC survey reveals rising vacancy rates in retirement homes Vacancy rates in seniors’ housing are rising in all provinces except Newfoundland and Labrador, according to CMHC’s 2021 Seniors’ Housing Survey. Overall, the vacancy rate for standard spaces—those that do not offer high-level care—grew by 7.0 percentage points and currently holds at 15.6 per cent.

10 | Canadian Apartment | Part of the REMI Network |


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