Household expenditure on water supply and miscellaneous services for dwellings in Canada is forecasted to see an upward trend from 2024 to 2028. The expenditure is expected to grow from 11.84 billion CAD in 2024 to 13.89 billion CAD in 2028. This reflects a steady year-on-year increase, marking an average annual growth rate (CAGR) over this period.
Future trends to watch for:
- Potential impacts of policy changes related to water conservation and infrastructure investments.
- Technological advancements and their impact on water usage efficiency and service delivery.
- Shifts in consumer behavior towards sustainable water usage and smart home technologies.