Medical office is a distinct asset class in B.C. commercial real estate that is riding the wave of higher health-care spending, aging baby boomers and major hospital projects, though concerns remain around new project viability. Total health-care spending in Canada was expected to reach $399 billion in 2025, or $9,626 per Canadian, rising to 12.7 per cent of GDP, according to the Canadian Institute for Health Information (CIHI).