Competition Bureau Cracks Down on Big Retirement Home Buyers
Vancouver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Canadas Competition Bureau is intensifying scrutiny on big companies acquiring retirement homes and assisted living facilities. With the elderly population surging, the agency has finalized deals with U.S. real estate investment trust Welltower and Ontarios Chartwell. These agreements require selling certain properties to independent buyers, preventing larger chains from monopolizing local markets. This move ensures competition and quality care as demand for senior living services escalates.
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