The combined operating revenues of private and public nursing and residential care facilities in Canada grew by 7.6% from 2022 to reach $43.3 billion in 2023. With an ever-increasing proportion of the Canadian population being aged 65 years and older, demand for these services has continued to rise in the wake of the COVID-19 pandemic. Likewise, as active COVID-19 cases have decreased, pandemic-related restrictions have eased and day-to-day operations have begun to more closely approximate their pre-pandemic norm.