Nursing and residential care facilities, 2024
Released: 2026-03-24
20.6 billion
2024
7.1% 
(annual change)
Profitability of private nursing and residential care facilities reaches new heights in 2024
The operating revenue of private nursing and residential care facilities increased 7.1% to $20.6 billion in 2024. The gain in part reflects population aging, with Canadians aged 65 years and older representing 19.0% of the population in 2024. Ontario (40.3%) continued to be the largest contributor to the revenue of private nursing and residential care facilities, followed by Quebec (26.0%) and British Columbia (13.7%). The Atlantic provinces' share continued to edge up in 2024; the proportion of residents aged 65 years and older in this region is comparatively high and well above the national average.
The operating expenses of private nursing and residential care facilities rose 4.0% from the previous year to $18.1 billion in 2024, resulting in an operating profit margin of 12.0%, the highest recorded since the series began in 2014. In 2024, salaries, wages, commissions and benefits (56.6%) accounted for more than half of total operating expenses in private facilities and were up 6.2% compared with the previous year to $10.2 billion.
Outlook for 2025
Canada's nursing and residential care facilities subsector entered 2025 amid sustained demographic pressure, as the population continued to age and seniors aged 65 years and older remained one of the fastest growing cohorts. Demand remained high across nursing care, assisted living and continuing care facilities, with occupancy rates approaching levels seen before the COVID-19 pandemic, while supply growth continued to lag. A complete financial picture for 2025 will be available when data are published next year.
Note to readers
Data on private nursing and residential care facilities for 2022 and 2023 have been revised.
Table 13-10-0101-01 has not been updated with this release and may be updated at a later date.
These estimates represent an aggregate of administrative financial data from the fiscal year from April 1, 2024, to March 31, 2025.
The nursing and residential care facilities subsector covers nursing care facilities; residential facilities for persons with an intellectual or developmental disability, a mental health or substance use condition; community care facilities for the elderly; and other residential care facilities.
Information about age and demographics comes from table 17-10-0005-01.
Information about the 2025 outlook comes from the Seniors Housing Industry Overview.
These and other data related to business and consumer services can be found on the Business and consumer services and culture statistics portal.
Contact information
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).
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