Forecast: Average Expenditure per Household on Natural Gas for Principal Accommodation in Canada

The average expenditure per household on natural gas for principal accommodation in Canada stood at CAD 548 in 2023. The forecast indicates a gradual increase, reaching CAD 551 by 2028. The forecasted year-on-year percentage change is marginal, showing stability in the market from 2024 to 2028, with a compound annual growth rate (CAGR) of approximately 0.09% over these years.

Future trends to watch for include:

  • Potential impacts of geopolitical developments on natural gas prices.
  • Government policies aimed at promoting renewable energy that may affect natural gas demand.
  • Technological advancements in energy efficiency for household applications.

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