Room price activity spikes unexpectedly
Rob Covino presents Mirus Industry Analysis (MIA), a series of monthly insights into the key performance indicators and cumulative industry trends from the approximately 90,000 beds we monitor for financial sustainability.
Welcome to the April 2026 edition.
Revenue
The Average Daily Subsidy decreased by $0.05 in March. The decline in ADS was led by a drop in claiming activity along with an increase in the average number of days from request to assessment.
Occupancy
Occupancy increased, marking a two-month trend of growing occupancy. This growth in occupancy was fuelled by permanent resident admissions and a declining proportion of stays under six months. Large numbers of homes continued to raise their highest and lowest room prices; however, the industry average price declined for the first time since the maximum price was raised to $750k in January 2025.
Workforce management
Total care time and RN time decreased from February to March, with total time decreasing by -0.65% and RN time decreasing by -0.04%. Providers are seeking to more closely align care delivery time to their mandated targets following several months of increasing care delivery well past the requirement.
