BC Care Providers Association (BCCPA) is pleased to announce that our latest report, the B.C. Independent Living Survey Report, is now available. Developed as a collaboration between BCCPA and Westbridge Group, this report represents a significant milestone in restoring the depth and reliability once provided by CMHC’s trusted seniors housing survey.
Thanks to exceptional participation from operators across the province, we have achieved our goal of delivering consistent, high-quality market insights that strengthen decision-making for providers. Thank you to all of our members who participated in the survey.
The report offers data on average rents, vacancy rates, saturation levels, and five-year growth forecasts for independent living spaces in B.C., broken down by categories like suite size and geographic region.
Key insights include:
- Higher vacancy rates than expected (8.1% provincial average)
- Average provincial rents range from $3,643 for studio units to $6,301 for two-bedroom suites
- Market softness caused by external factors
- Saturation rates have decreased since 2018
- Undersupply indicates opportunities for new developments
Read more here.
