The residential local telephone line market in Canada has seen a substantial decline over the past decade. By 2023, the volume stood at 8.73 million units, showing a consistent downward trend with a notable year-on-year decrease in 2022 by 6.69%. Noteworthy year-on-year variations include a decline of 2.01% in both 2019 and 2021, and a brief increase in 2020 by 2.88%. Over the past five years leading to 2023, the market has contracted with a CAGR of -2.01%.

Looking forward, the forecast through 2028 suggests a continuous decline with a forecasted CAGR of -1.66%. This highlights a gradual decrease of roughly 8.02% over five years.

Future trends to watch for:

The persistent shift to digital and mobile communication solutions.
Potential impacts of government policies on telecom infrastructure and usage.
Adaptations in market strategies by telecom companies to counter the declining trend.