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Government of Alberta
Canada Signs $627 Million Bilateral Agreement with Alberta to help Albertans Age with Dignity

May 24, 2024

This week, Alberta’s government announced that it has signed a five-year, $627 million bilateral funding agreement with the federal government to support home care and continuing care home initiatives to help Albertans age with dignity.

This funding builds on the over $1 billion bilateral agreement that was announced with the province in December of 2023, as part of the Government’s Working Together to Improve Health Care for Canadians plan.

The agreements are part of an initiative by the Government of Canada to invest close to $200 billion over 10 years, which includes $5.4 billion for tailored bilateral agreements with provinces and territories on Aging with Dignity.

Federal funding will support Alberta’s five-year action plan to improve health care for seniors.

The plan will:

  • Support home, community, and palliative care services
  • Expand caregiver supports
  • Strengthen the continuing care workforce
  • Enhance compliance and improved quality of continuing care

Progress on these initiatives and broader commitments will be measured against targets which Alberta will publicly report on annually.

Through this new agreement and the Working Together agreement signed in December 2023, Alberta will improve how health information is collected, shared, used and reported to Canadians; streamline foreign credential recognition for internationally educated health professionals; facilitate the mobility of key health professionals within Canada; and fulfill shared responsibilities to uphold the Canada Health Act to protect Canadians' access to health care that is based on need, not the ability to pay.

We are hopeful that this will be a positive change for Suske Capital investments Points West Living and Connecting Care, who have been working with lobbyists New West Public Affairs since summer 2022 to give Premier Danielle Smith and Health Minister Adriana LaGrange a description of the sector-wide challenges faced by seniors housing and continuing care operators, and to ask for funding support from the Alberta government.

Shasta Care Community Receives CMHC-Insured Funding

May 10, 2024

Suske Capital investment, 103 Street Living Inc., along with partner Eagle Builder is pleased to announce that Shasta Care Community has received mortgage funding from People’s Group in the amount of $44,050,050.

This is the second of our projects submitted to The Canada Mortgage and Housing Corporation (CMHC) MLI Select program that has received funding.

Once Shasta Care Community received their CMHC Certificate of Insurance, our long-time broker Mike Chiu at Capital West was able to arrange financing through People’s Group.

The financing was fully funded on April 29, 2024.

With this funding, Shasta Care Community was able to pay out TD Bank who provided the construction financing for the project.

Thank you to everyone who worked so on hard on the CMHC application and subsequent mortgage funding for Shasta Care Community, especially Mike Chiu at Capital West.

Shasta Care Community is a 162-bed supportive living community in Edmonton, Alberta, funded through Alberta Health Services..

Read previous issues of The Suske Capital Weekly

Latest Events

On Friday, November 24, 2023, Core & Partners and Suske Capital hosted over 70 guests, advisors, and investors for a Red-Carpet Event at Wayne Gretzky Estates Winery in Niagara on the Lake.

This event launched the partnership between Suske Capital & Core and Partners.

The event kicked off with a red carpet entrance complete with a photo station, wine, and hors d’oeuvres.

Guests then made their way into the winery tasting room to learn about the exciting opportunities that Suske Capital & Core and Partners have been working on.

Guests visited one of four stations to learn more about each opportunity, and then took their seats for an interview session hosted by Core & Partners CEO Roberto Lloren.

Watch the video below for some highlights from the event.

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