Between 2024 and 2028, the average expenditure per household on shelter in Canada is expected to increase steadily from 21.56 thousand CAD to 22.94 thousand CAD. This represents a continuous year-on-year growth rate, reflecting the consistent pressures on housing costs.
Future trends to watch include potential impacts from interest rate changes, government housing policies, and shifts in housing demand, especially with urbanization trends and potential cooling measures. Monitoring these factors will be crucial for anticipating further expenditure changes and their influence on household budgeting.
