This is a B.C. news story, published by vancouversun, that relates primarily to B.C. Housing news.
For more B.C. news, you can click here:
more B.C. newsFor more B.C. Housing news, you can click here:
more B.C. Housing newsFor more real estate & housing news, you can click here:
more real estate & housing newsFor more news from vancouversun, you can click here:
more news from vancouversunOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like real estate & housing news, you might also like this article about
affordable beds. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest other retirement homes news, private care homes news, real estate & housing news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
subsidized bedsvancouversun
•Business
Business & Economics
73% Informative
At least two private B.C. retirement homes will stop offering government-subsidized beds.
North Vancouver home, Qualicum Beach residence will no longer be offered at a lower rate.
The association that represents private care homes says some operators have been forced to discontinue offering affordable beds because government subsidies haven’t kept pace with rising prices for food, mortgages, insurance and other expenses.
With many private beds priced at $ 5,000 or more a month, Lake argued what the government currently pays to supplement the client’s contribution “is not nearly enough to recover costs.” Lake said his organization has rung the warning bell but claims government action was stalled leading into last fall’s election and little has been done since. B.C. Housing , which provides the financial subsidies to care homes, didn’t respond to Postmedia ’s questions by deadline..
VR Score
77
Informative language
76
Neutral language
58
Article tone
semi-formal
Language
English
Language complexity
51
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
10
Source diversity
6
Small business owner?