PARC Retirement Living

Name

PARC Retirement Living

Legal name

PARC Retirement Living

Website

https://parcliving.ca

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Senior Living / Independent Retirement Living

NAICS

Other Residential Care Facilities (623990), Other Residential Care Facilities (62399)

SIC

Services-Nursing & Personal Care Facilities (8050)

akta.pro primary industry

Luxury/Resort-Style Independent Living Communities (HLADAAAC)

akta.pro secondary industries

Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG), Independent Living Community Ancillary Services (Dining/Transportation/Wellness Programs) (HLADAAAI), Active Adult (55+) Independent Living Communities (HLADAAAD)

Keywords

• Independent senior living
• Retirement residences
• Senior wellness programs
• Assisted living facilities
• Retirement community services

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Others

Revenue model

1. Monthly Rental Fees: Residents pay monthly fees for independent living accommodations, which include suite rent, weekly light housekeeping, transportation services, dining, and access to PARC Active Living programs. Underground parking available at additional cost.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

PARC Retirement Living develops and operates premium independent senior living residences across British Columbia. Residents pay a monthly fee that bundles a private suite, weekly housekeeping, transportation, 24-hour emergency response, chef-prepared dining, and access to the proprietary PARC Active Living™ wellness program covering fitness, social, emotional, and nutritional pillars. The company also offers the SECURE FUTURE® rate-protection program and a complimentary trial-stay experience to prospective residents.

Product overview

PARC Retirement Living operates a portfolio of independent senior living residences across British Columbia, offering six owned communities and one recently acquired property. The company's core offering centers on PARC Active Living™, a comprehensive wellness program with four pillars: physical fitness (PARC Fit), social pursuits (PARC Social), emotional health (PARC Wellness), and dining (PARC Food). Supporting services include SECURE FUTURE® for financial protection against rate increases, the PARC Experience Stay program for trial visits, and Independent Living+ which bundles transportation and housekeeping. All six residences provide safety features including 24-hour emergency response, video monitoring, and accessible in-suite design. Two properties (Cristalina PARC in Kelowna and Oceana PARC in White Rock) hold LEED Gold certification for sustainable design.

Differentiator

Problem solved

Functional benefit

Brands

• PARC Active Living: A trademarked wellness and lifestyle program focused on four pillars of wellness: physical fitness, social pursuits, emotional health and nutritious meals.
• SECURE FUTURE
• PARC Fit

Products and services

• Cristalina PARC LEED Gold Certified independent senior living residence in Kelowna's Pandosy District near Lake Okanagan, with sustainable design and Okanagan-themed artwork. For active independent seniors seeking premium independent living in the Okanagan.
• Oceana PARC LEED Gold Certified independent senior living residence in Uptown White Rock, BC, situated in the cultural district with coastal views. For active independent seniors seeking a premium residence on the Semiahmoo Peninsula.
• Westerleigh PARC Independent senior living residence in West Vancouver at 22nd and Marine Drive, offering mountain and ocean views. For active independent seniors on the North Shore.
• Cedar Springs PARC Independent senior living residence in North Vancouver's central Seymour area, nestled between forest and neighborhood life. For active independent seniors on the North Shore.
• Summerhill PARC Independent senior living residence in North Vancouver's Lower Lonsdale neighborhood on 15th St. East. For active independent seniors seeking an urban North Vancouver lifestyle.
• Mulberry PARC Independent senior living residence in Burnaby, located in a tree-lined neighborhood near Highgate Village shopping complex. For active independent seniors in the Burnaby/New Westminster area.
• Athens Creek Retirement Lodge 80-unit independent senior living community in Penticton, BC, acquired by PARC Retirement Living in January 2025 as part of the company's expansion into the Okanagan. For active independent seniors in Penticton and surrounding South Okanagan.
• PARC Active Living™ program PARC's proprietary four-pillar wellness program covering physical fitness, social pursuits, emotional health, and nutritious meals, designed to help seniors stay healthy and self-reliant longer. Bundled into every residence's monthly fee.
• SECURE FUTURE® program Financial protection program that shields residents from rate increases, providing peace of mind and budget certainty for long-term residency.
• Safety and Peace of Mind Services 24-hour emergency response with pendants and pull cords, 24-hour staff availability, video monitoring, and in-suite safety features including fire-safe carpeting, slip-resistant flooring, grab bars, and walk-in showers.
• Transportation Services In-house transportation for personal errands and appointments, plus scheduled group bus outings to local points of interest, with vehicles adapted for mobility challenges.
• PARC Experience Stay Complimentary trial-stay program allowing prospective residents to experience daily life at a PARC residence before making a commitment.

Quantifiable outcome

• 96% of PARC residents report being happy and living a fulfilling life (2023 Greenhouse Research Inc survey)
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core, minor and major.

• Athens Creek Retirement LodgecoreStrategic or Co-development Partner · 1 January 2025PARC acquired Athens Creek Retirement Lodge in Penticton in January 2025, marking PARC's first acquisition. The 80-unit community for independent seniors was welcomed into the PARC family, representing PARC's expansion into the Okanagan region beyond Kelowna.
• Confederation Seniors CentreminorStrategic or Co-development Partner · 1 June 2019Mulberry PARC partnered with local organizations including Confederation Seniors Centre to provide opportunities for seniors to live an engaged, vibrant, purposeful, and healthy life through various programs and activities.
• White Rock Pier ReconstructionminorStrategic or Co-development Partner · 1 May 2019Oceana PARC served as venue sponsor for the 'Chefs for the Pier' fundraising dinner to help cover repair costs for the iconic White Rock Pier following damage. PARC helped organize a celebrity chef dinner and 200-person fundraising event to support pier reconstruction.
• Peace Arch Hospital FoundationmajorStrategic or Co-development Partner · 1 April 2019PARC donated $1.2 million to Peace Arch Hospital Foundation to support quality healthcare for the White Rock community. PARC believes in supporting each residence in their community for both seniors who live there and people who live and work there.
• South Surrey White Rock Chamber of CommerceminorStrategic or Co-development Partner · 1 January 2019Oceana PARC staff member Shelley Grenier was nominated as a board member for the South Surrey White Rock Chamber of Commerce, supporting local business community engagement.
• Sarah McLachlan School of MusiccoreStrategic or Co-development Partner · 1 July 2018PARC donated $28,000 to the Sarah McLachlan School of Music with another $50,000 committed for the following year. The school provides music education for at-risk youth. PARC hosts student performances at residences, creating inter-generational connections. Total committed: $78,000.
• Polygon Gallery (Presentation House Gallery)majorStrategic or Co-development Partner · 1 November 2016PARC donated $250,000 to the Polygon Gallery (formerly Presentation House Gallery) capital campaign. The gallery, designed by Patkau Architects, is Vancouver's first new public art gallery of the 21st century. PARC has partnered with the gallery organization for many years, with this being among the largest gifts the campaign received.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ParcLiving
• YouTubeyoutube.com/channel/UCwKJdG2I4kqJ1xMGZdU6t6g
• Facebookfacebook.com/parcretirementliving
• LinkedInlinkedin.com/company/parc-retirement-living
• Instagraminstagram.com/parcliving

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PARC Retirement Living