Forecast: Real Estate Activities Gross Value Added Growth Rate in Canada

The forecasted real estate activities gross value added (GVA) growth rate in Canada shows a gradual deceleration from 2024 to 2028. Starting at a growth rate of 2.1% in 2024, it declines steadily to 1.9% by 2028. Compared to 2023 figures, this indicates a slowing momentum in the real estate sector, yet maintaining positive growth. The year-on-year variations depict a decreasing trend, and over the span of five years, the compound annual growth rate (CAGR) can be estimated to show a declining trajectory of real estate contributions to the economy.

Future trends to monitor include:

• The impact of potential interest rate fluctuations, influencing real estate investment and development.
• Government policies on housing and real estate regulations that might alter sector dynamics.
• Demographic changes or migration patterns affecting real estate demand.
• Technological advancements in real estate processes and efficiency improvements.