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Retirement Communities in Canada Industry Data and Analysis
Over the past five years, retirement communities have faced a mix of obstacles and opportunities. Wage increases, mirroring trends in the broader healthcare sector, have significantly impacted revenue and profit. Increased demand for extensive care services requiring skilled labour has particularly affected assisted living communities more than independent or 55+ retirement communities. While operating costs like utilities and maintenance have remained stable, supply chain disruptions have added revenue volatility without being the main cause of decline. Despite the challenges, industry revenue is expected to decline at a CAGR of 0.3% to reach $6.9 billion in 2025, with revenue increasing by 2.0% in 2025 alone, but with a significant drop in profit.
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What's included in this industry analysis
IBISWorld's research coverage on the Retirement Communities industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.
About this industry
What's this industry report about?
The Retirement Communities industry in Canada operates under the NAICS industry code 62331CA. This industry provides residential and personal care services for the elderly and other individuals who are unable to fully care for themselves or who desire to live in a community facility. The industry excludes companies that predominantly provide inpatient nursing, skilled nursing or rehabilitative services. Related terms covered in the Retirement Communities industry in Canada include canada pension plan (cpp), adl hierarchy score and financialized owner.
What's included in this industry?
Products and services covered in Retirement Communities industry in Canada include Independent-living communities' services, Assisted-living communities' services and Continuing-care communities services.
What companies are included in this industry?
Companies covered in the Retirement Communities industry in Canada include Chartwell Retirement Residences.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Retirement Communities industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Retirement Communities industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Retirement Communities industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Retirement Communities industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Retirement Communities industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Retirement Communities industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Retirement Communities industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Retirement Communities industry in Canada.
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Frequently Asked Questions
What is the market size of the Retirement Communities industry in Canada in 2026?
The market size of the Retirement Communities industry in Canada is $6.9bn in 2026.
How many businesses are there in the Retirement Communities industry in Canada in 2025?
There are 3,754 businesses in the Retirement Communities industry in Canada, which has grown at a CAGR of 0.5 % between 2020 and 2025.
How may import tariffs affect the Retirement Communities industry in Canada?
The Retirement Communities industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Retirement Communities industry in Canada?
The Retirement Communities industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Retirement Communities industry in Canada grown or declined over the past 5 years?
The market size of the Retirement Communities industry in Canada has been declining at a CAGR of 0.3 % between 2020 and 2025.
What is the forecast growth of the Retirement Communities industry in Canada over the next 5 years?
Over the next five years, the Retirement Communities industry in Canada is expected to grow.
What are the biggest companies in the Retirement Communities industry in Canada?
The biggest company operating in the Retirement Communities industry in Canada is Chartwell Retirement Residences
What does the Retirement Communities industry in Canada include?
Independent-living community services and Assisted-living community services are part of the Retirement Communities industry in Canada.
Which companies have the highest market share in the Retirement Communities industry in Canada?
The company holding the most market share in the Retirement Communities industry in Canada is Chartwell Retirement Residences.
How competitive is the Retirement Communities industry in Canada?
The level of competition is high and steady in the Retirement Communities industry in Canada.
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