The 1,024 units are a mix of apartments, townhouses and suites in retirement homes meant for “independent, low-acuity” seniors who need minimal support, Mississauga-based Chartwell said in its announcement. The six sites comprise the seniors-oriented portfolio of real estate developer Sifton Properties, and add to Chartwell Retirement Residences’ stock of more than 24,000 units in Ontario, B.C., Alberta and Quebec. (The Logic)

Talking point: Chartwell sees seniors housing as a growth industry. In its latest quarterly financials, it reported its occupancy rate rose to 92.2 per cent from 85.7 per cent and projected a deepening shortfall in the sector over the next two decades. Demand will overwhelm supply, and Chartwell can profit as the market imbalance drives higher occupancy levels and fuels rent growth, it told investors. The price of the real estate income trust’s units has risen nearly 33 per cent over the past year, though it dipped slightly on Tuesday.