Retirement homes have generally been deemed a good real estate investment given the high rental costs associated with specialized care. This pandemic has had a massive impact on these care homes that may lead to changes in how families care for their loved ones. Join us for a conversation with Nurse Next Door Co-Founder and former mayoral candidate Ken Sim. We will also touch on his run for mayor and get his thoughts on the affordability of housing in Vancouver.
What you’ll learn:
- Impacts on real estate investing in retirement homes
- How to think about housing and real estate in Vancouver
- Q&A
Recorded on: Thursday, May 21, 2020
Original Event Details:
Speaker Bio:
When Ken’s wife Teena was pregnant in 2001, she was placed on emergency bed rest. When they looked into hiring at-home care, they could not find reliable care services that they could trust. As a result, Ken and his business partner started Nurse Next Door Homecare Services in Vancouver.
Today, Nurse Next Door has opened over 200 franchise locations across North America and Australia, employing more than 8,000 team members. The company has been recognized as one of North America’s top 50 franchises and a top employer in B.C. and Canada.
Ken also ran for mayor in 2018. In his words:
“I love Vancouver. People close to me know that I have always been deeply passionate about our city, its residents and the issues that impact all of us. I grew up here and believe my four boys should have the opportunity to live and eventually raise their families here. I believe this generation, and future generations should be able to afford to live, work and thrive in our amazing city.
But as we all know, Vancouver is at a crossroads right now. In 2018, I became tired of talking to people who told me they were leaving our city. They were leaving because they either could not afford housing, job opportunities or businesses were being hurt and / or Vancouver was losing its buzz. My fear was that my family, friends, neighbours and co-workers would not be able to call Vancouver home in the not so distant future.
Although I was ready to become mayor, as a rookie politician, I came within 957 votes of becoming the Mayor of Vancouver. Evidently, it was the closest mayoral race in Vancouver’s history.”
