Cost of LTC and home care in Canada in 2019 and by 2031

Published by Jenny Yang, Jan 19, 2024
With the number of Canadians needing long-term care (LTC) and home care forecasted to exceed 2.38 million by 2031, the cost of providing such care is expected to increase, with annual cost estimated to be 58.5 billion Canadian dollars by 2031.

Total cost of long-term care (LTC) and home care in Canada in 2019 with a forecast for 2025 and 2031 (in billion Canadian dollars)

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Source

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Release date

2021

Region

Canada

Survey time period

2021

Supplementary notes

Long-term care (LTC) homes — also called nursing homes, continuing care facilities and residential care homes — provide a wide range of health and personal care services for Canadians with medical or physical needs who require access to 24-hour nursing care, personal care and other therapeutic and support services.
Total costs in nominal dollars and are assumed to increase at a weighted average of overall inflation and average wage growth.
*Forecast

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