News

Leisureworld buys three B.C. retirement complexes

VANCOUVER:   Leisureworld Senior Care Corporation (TSX:LW) has entered into acquisition agreements to acquire three luxury retirement residences in the Greater Vancouver Area. The aggregate purchase price is $119.8 million including a mark to market on assumed debt and excluding a performance-based earn-out of up to $6.0 million. Two residences located in South Surrey, BC consist of 257 residential suites ... Full story in Canadian Over 50s Housing Weekly  #263 / 01-05-12

Flurry of scaremongering dementia reports misleading

TORONTO:   The release of a flurry of reports warning about the growth in dementia numbers over the next 20-40 years is an act of political thuggery. That one of the reports emanates from the World Health Organisation is deeply reprehensible. The UN report claims by 2050, the number of sufferers could be more than three times the current figure of 35.6 million. The reports have political tones and... Full story in Canadian Over 50s Housing Weekly  #262 / 01-05-12

Govt. accused of selling seniors to highest bidder

EDMONTON:   Opposition parties Monday grilled the provincial government about its plan to manage the expected surge in demand for health care, housing and financial support for aging boomers, who start turning 65 this year. Liberal Opposition leader Raj Sherman attacked the Conservatives' record, saying the province started in 2008 to cut publicly funded long-term care beds, privatize home care and... Full story in Canadian Over 50s Housing Weekly  #261 / 06-12-11

Healthcare sector moves to home care model

TORONTO:   The latest entrant into the increasingly competitive field of home healthcare proves the industry is not only ripe for rapid growth, it's also maturing and evolving in new directions that cater to a changing generation of seniors: They want to live in their own homes and on their own terms, but that comes at a price. It's fast emerging as one of the few truly booming industries, fuelled by an aging Baby... Full story in Canadian Over 50s Housing Weekly  #260 / 29-11-11

All-party committee calls for palliative care strategy

TORONTO:   An all-party Parliamentary committee has named effective palliative care, suicide prevention and elder abuse intervention as the three pillars of care for vulnerable Canadians. The Parliamentary Committee on Palliative and Compassionate Care report entitled "Not to be forgotton" stresses the need for pro-active measures to make end-of-life care available across Canada. At a news... Full story in Canadian Over 50s Housing Weekly  #259 / 22-11-11

100 new housing trends research to be released

TORONTO:   A newly researched study on the 100 Trends in Over 50s Housing will be released at the Over-50s Housing Awards ceremony to be held in Toronto on November 28. The study focuses on emerging trends in the housing market in Canada. The previous options of nursing home, CCRC, assisted living, retirement community, and Long-Term Care are giving way to 100 new 'slivers'... Full story in Canadian Over 50s Housing Weekly  #258 / 15-11-11

B.C. Housing expects to buck national trend and grow

VANCOUVER:   B.C. housing starts are expected to buck the national trend and grow 7.1 per cent in 2012, according to a report released by Canada Mortgage and Housing Corp. "Overall growth in construction levels will be supported by population-driven housing demand and consumers will benefit from relatively low mortgage interest rates," the national housing agency's fourth quarter Housing Market Outlook said ... Full story in Canadian Over 50s Housing Weekly  #257 / 08-11-11

Aging boomers don't want to leave home for care

NIAGARA:   A third of Canadian seniors over 75 are not confident that the health care system will meet their needs as they age, according to the results of a poll released at a home healthcare conference in Niagara Falls. The numbers are worse for baby boomers, 63 per cent of whom say they're not confident in the healthcare system's ability to care for those who are 75 and older, the poll found. The Leger Marketing... Full story in Canadian Over 50s Housing Weekly  #256 / 08-11-11

CML HealthCare Inc. signs new funding agreement

MISSISSAUGA:   CML HealthCare Inc. has entered into a new two-year Performance Based Funding Agreement with the Ontario Ministry of Health and Long-Term Care for the periods April 1, 2011 - March 31, 2012 and April 1, 2012 - March 31, 2013. This Agreement, which supplements the existing Base Cap Funding Agreement, is new to the community-based medical laboratory sector and was negotiated... Full story in Canadian Over 50s Housing Weekly  #255 / 18-10-11

Seminar on new trends in nursing homes on Nov 28

TORONTO:   A day long seminar will be held in Toronto on November 28, 2011 to canvass business opportunities and future trends in the nursing home / retirement village / retirement housing sectors. The industry is facing a combination of slow sales, product resistance, client prevarication and reduced provincial / national governments support. Cash flow is tight, bank lending tougher, and occupancy levels are falling. But the industry is also in a...Seminar Details  #254 / 11-10-11