In 2023, the gross margin for Lumber, Millwork, Hardware, and Other Building Supplies Merchant Wholesalers in Canada was 20.0%. The forecasted data from 2024 to 2028 indicates a marginal decline in gross margins, dropping to 19.9% in 2024 and gradually decreasing to 19.7% by 2028. The year-on-year variation shows a consistent decline of about 0.1% annually. Over the next five years, the compound annual growth rate (CAGR) portrays a stabilization with only a slight negative trend, averaging an annual decline.

Future trends to watch for include:

Potential impacts of economic conditions on housing demand, which could affect the wholesale market.
Supply chain disruptions that may alter cost structures and pressure margins.
Technological advancements and their role in optimizing operations and potential margin improvements.
Environmental regulations impacting raw material availability and costs.