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Market Insights | Jie Ke & Jian Ping Mao

Jie Ke & Jian Ping Mao, both specializing in the sale and investment of senior residences, present the RPA market for the Quebec Province sector.

In Canada, the aging population, especially in Quebec, has created a growing demand for retirement homes. However, some have closed due to compliance issues with health standards. Several transactions have taken place, including sales to private investors in Quebec, conversion to affordable housing in Montreal, and a sale in Montreal due to financial difficulties. Some organizations regret that the municipality has not acted to create social housing. The retirement home real estate market remains attractive despite recent closures, especially for large facilities. With the aging population, demand is expected to increase, prompting efficiency improvements and financial support. Investors and bank loans remain available.