Forecast: Lumber, Millwork, Hardware and Other Building Supplies Merchant Wholesalers Operating Profit in Canada

In Canada, the operating profit for lumber, millwork, hardware, and other building supplies merchant wholesalers is projected to grow steadily from 5.4 in 2024 to 5.7 by 2028. Comparing the values from 2024 onward suggests a slight upward trend. Year-on-year, the growth rates are roughly around 1.8% for 2025 and 1.8% for 2026, with no change projected between 2026 and 2027. By 2028, the growth is forecasted again. The compound annual growth rate (CAGR) over this forecast period averages to around 1.4%

  • Future trends to watch:

  • Continued influence of construction industry demand and housing market fluctuations on the sector's profitability.

  • Impact of raw material costs and supply chain dynamics on operating margins.

  • Technological advancements and environmental regulations could shape business operations and efficiencies.

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