Housing prices need to remain high for retirees, nurses get a raise, and the Ontario NDP calls on the provincial government to protect retirement home residents

Trudeau says housing needs to retain its value to protect people's retirement, Long-term care nurses get a raise, the NDP calls for an amendment to stop retirement home evictions. It's Friday May 31, 2024, this is the week in elder care news.

Trudeau says housing needs to retain value for peoples' retirement

Prime Minister Trudeau commented on the Globe and Mails City Space Podcast, “Housing needs to retain its value...It’s a huge part of people’s potential for retirement and future nest egg.” Many Canadians view their homes as their single largest asset and as a way to support their retirement, but this makes it more challenging for renters and Canadians looking to purchase their first home.

You can listen to the podcast HERE. You can read the full story HERE.

Ontario long-term care nurses get a raise

Nurses in Ontario long-term care homes are getting a much deserved raise! A recent arbitration decision grants members of the Ontario Nurses’ Association a pay raise of approximately 11.5% over two years. The top rate for nurses will increase $5.82 to $54.60 over 2 years.

Learn more HERE.

NDP call for amendments to the Residential Tenancies Act to prevent the eviction of Ontario retirement home residents

The Ontario NDP are calling for changes to amend the Residential Tenancies Act to prevent the eviction of Ontario retirement home residents. The demand comes in the wake of the eviction of more than 200 residents of Heritage Glen Retirement Residence in Mississauga. Chartwell says it has helped more than 170 Heritage Glen residents find alternative accommodations as part of an assistance package, but some residents and their families say the eviction has turned their life upside down.

Find the full story HERE.