The Services to Buildings and Landscape Activities Sector in Canada saw fluctuations over the past decade. Employment expressed in million hours decreased by 6.68% in 2023, standing at 463.16M hours. In contrast, the sector saw a significant rebound from a decrease in 2020, with a 14.74% rise in 2021 and a 13.86% growth in 2022. Over the past ten years, the sector experienced a varied Compound Annual Growth Rate (CAGR), with notable declines in 2020 but overall positive growth from 2013 to 2023 despite the pandemic's impact.
Forecasted data indicates a stable increase in employment hours, with a 4.2% overall growth rate from 2024 to 2028 and an average annual CAGR of 0.83% over the next five years. Watch for future trends such as automation and sustainability practices, which could impact employment demand and efficiency within the sector.
