Expanding into Canada’s largest and most attractive markets.
Canada’s undisputed leader in seniors housing.
Chartwell is the largest seniors housing provider in Canada, expanding to meet the rapidly growing Canadian senior population with a well-respected brand and a diverse portfolio of facilities that provide a continuum of care to all segments of the aging population. Headquartered in the Toronto suburb of Mississauga, Chartwell owns, operates and manages 195 communities with over 24,500 units throughout North America – and the demand for the company’s quality housing is accelerating.
Over the next 20 years, the number of Canadians aged 75 to 85 will increase at a rate three to four times greater than the general population. The baby-boom generation is just beginning to enter its retirement years and is generating a growing demand for retirement homes that meet boomers’ particular needs. The partnership between Chartwell and Health Care REIT was formed to keep pace with the demand for quality housing in Canada’s most attractive markets.
A relationship built on confidence and trust.
As Chartwell contemplated its future expansion plans, the company was open to working with a strong financial partner. The Chartwell team considered a range of solutions, but when the time came, Health Care REIT was at the top of the list.
The values that Chartwell upholds every day – respect, empathy, service excellence, performance, education, commitment and trust – were closely aligned with the culture at Health Care REIT. Chartwell chose to develop a long-term business relationship with Health Care REIT because the company could develop flexible and creative solutions within a trusting, mutually beneficial relationship that provides high-quality care to patients and residents.
A geographic advantage.
Today, Chartwell is increasing its presence in Canada’s largest areas, including the provinces of Quebec, Ontario, British Columbia and Alberta. These markets, including a concentration of seniors housing in Toronto, Montreal, Quebec City, Ottawa and Vancouver, offer favorable demographics for continued steady growth. The geographic density and overlap of these areas bring Chartwell efficiencies and economies of scale in staffing and referral sources, and create synergies across Canada in the continuum of seniors care in the most attractive Canadian markets.
“Our relationship with Health Care REIT reinforces Chartwell’s position as the leading seniors housing operator in Canada in prime markets with favorable demographics and demand fundamentals. It will allow us to attract additional opportunities in the marketplace, positioning Chartwell for continued growth.”
President and Chief Executive Officer,
Chartwell Retirement Residences
Chartwell Retirement Residences Portfolio