Based on the provided forecast data, the number of work started for dwellings in Canada is expected to show a steady but minimal increase from 243.06 thousand units in 2024 to 244.47 thousand units in 2028. Comparatively, this represents an approximate annual growth rate of around 0.14% over the five-year period. For 2023, the value stood slightly below the 2024 figure, indicating a consistent and gradual rise in dwelling starts.
Future trends to watch for include potential impacts from economic factors such as inflation, interest rates, and government housing policies. Additionally, demographic shifts and urbanization patterns may influence the demand for new dwellings, while innovations in construction and sustainability practices could impact building starts and completions.
