Forecast: Total Hours Worked in Security and Investigation Activities; Services to Buildings and Landscape Activities; Office Administrative, Office Support and Other Business Support Activities in Canada

In 2023, the total hours worked in Security and Investigation Activities, Services to Buildings and Landscape Activities, and Office Administrative, Office Support, and Other Business Support Activities stood at 1.09 billion hours in Canada. Forecasts indicate a slight growth trajectory with the hours increasing to 1.1 billion in 2025 and remaining stable through to 2026. An upward adjustment is seen in 2027 and 2028, reaching 1.11 billion hours. Year-on-year growth spans between 0.91% to 0.91%, with a 5-year CAGR reflecting stability.

Future trends to watch for:

• Technological advancements potentially reducing manual hours due to automation.
• Economic conditions impacting business operations and therefore influencing demand for services.
• Increased demand for security services due to heightened global threats.