“The problem comes down to a failure of supply to keep up with demand. By 2026, more than 2.4 million Canadians aged 65 and older will need the “supportive care” offered by retirement homes, including monitoring of medication, regular housekeeping, meal preparation and other services. As more baby boomers turn 65, the number requiring such care is expected to reach ‘a staggering’ 3.3 million by 2046….”
—Noami Powell, regarding a DBRS study reporting for Thefinancialpost.com: A looming housing affordability crisis is poised to hit seniors across Canada, May 14, 2018.
Investing with Levante
Levante Living Trust (the “Fund”) was created to provide unitholders with indirect exposure to an investment in senior living facilities and related health care businesses in Canada (such as home care and medical service businesses).
The Levante management team has over 20 years of experience in the senior living healthcare sector, including the development, operations, and redevelopment of long-term care facilities and adult-based residential communities, and over 30 years of experience in financial services.
Why Invest in Senior Living Now?
Demand for Senior Housing: The Growing Senior Population
Levante Management anticipates sustained growth in senior living due to the increasing aging population. According to preliminary estimates by Statistics Canada, 18% of Canada’s population were aged 65 and older on July 1, 20201, compared with 14.4% on July 1, 2011.2 ”Canada’s population estimates: Age and sex, July 1, 2020″1 Statistics Canada. September 29, 2020. Accessed April 2021. (https://www150.statcan.gc.ca/n1/daily-quotidien/200929/dq200929b-eng.htm). “Canada’s population estimates: Age and sex, July 1, 2018″2 Statistics Canada. January 25, 2019. Accessed April 2021. (https://www150.statcan.gc.ca/n1/daily-quotidien/190125/dq190125a-eng.htm).
The Rise of the Boomer Population
In a 2015 report published by the Conference Board of Canada, their base-case projection suggested (assuming existing patterns of use) that in just over a decade, the number of seniors living in a senior living facility will grow to over 610,000 and by 2046, this will increase further to reach nearly 821,000 seniors.3 ”Future Care for Canadian Seniors: A Status Quo Forecast”3 The Conference Board of Canada. November 3, 2015. Accessed April 2021. (https://www.conferenceboard.ca/e-library/abstract.aspx?did=7374).
Learn more about the Levante Team
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Levante Living
Suite 1400, 330 Bay Street
Toronto, ON
M5H2S8
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