The forecast for average expenditure per household on owned living quarters in Canada indicates a steady increase from 2024 to 2028. With values rising from 12.55 thousand CAD in 2024 to 13.48 thousand CAD in 2028, this suggests a consistent growth trend. Comparing to 2023, these projected increases demonstrate year-on-year variations, with growth percentages averaging around 1.9% annually. The five-year compound annual growth rate (CAGR) highlights a similar upward trajectory.
Future trends to watch for include potential economic shifts that could impact household spending, interest rates' effects on mortgage expenses, and real estate market changes affecting ownership costs. Monitoring these factors will be crucial for investors and policymakers alike.
