The value added of services to buildings and landscape activities in Canada showed a steady increase from 2013 to 2023, growing from 8.59 billion CAD to 13.01 billion CAD. The strongest year-on-year growth occurred in 2019 at 6.27%. Growth was slower in recent years, with an average yearly growth of 3.56% from 2018 to 2023. The value marked 13.01 billion CAD in 2023. Looking ahead, the forecasted CAGR from 2024 to 2028 is 2.08%, with total growth over these five years expected to be 10.85%.
Future trends to watch for include:
- An increased emphasis on sustainable and eco-friendly landscape services.
- A growing demand for smart building technologies.
- Potential impacts of technological advancements on operational efficiencies.
- Regulatory changes that may affect service delivery and costs.
- The potential effects of economic fluctuations on the real estate market and related services.
