The forecasted average expenditure per household on principal accommodation in Canada shows an upward trend, increasing from 19.61k CAD in 2024 to 20.88k CAD in 2028. This represents a steady year-on-year increase: 1.63% in 2025, 1.61% in 2026, 1.58% in 2027, and 1.51% in 2028. Compared to 2023, where figures were recorded at 19.30k CAD, the Compound Annual Growth Rate (CAGR) over these five years is calculated to be approximately 1.59% per annum.
Future trends to watch for include the impacts of economic policies on housing expenses, potential interest rate changes, and economic growth or contraction affecting household incomes and housing demand dynamics.
