In 2023, the average expenditure per household on funeral services in Canada stood at $139.42 CAD. The forecasted data from 2024 to 2028 shows a steady increase in expenditures, reflecting an annual growth rate of just under 1%. With this upward trend, by 2028, households are expected to spend approximately $143.89 CAD on funeral services. The Compound Annual Growth Rate (CAGR) over this five-year period is mild, indicating stable but slow growth.

Future trends to watch for include:

Shifts in consumer preferences towards alternative or eco-friendly funeral services.
Influence of demographic changes, such as an aging population, on the demand for funeral services.
Potential impact of technological advancements and digitalization in service offerings.