In 2023, the average expenditure per household on public transportation in Canada stood at CAD 1.55 thousand. The forecast data from 2024 to 2028 shows a steady increase in expenditure, rising from CAD 1.58 thousand in 2024 to CAD 1.70 thousand by 2028. This represents an average year-on-year increase of around 1.92%.
Key trends and variations over the past two years note an average annual growth (CAGR) of 1.88%. From 2024 to 2028, a consistent upward trend in household spending on public transportation is evident, likely driven by inflation, increased fuel costs, and potentially enhanced transportation services.
Future trends to watch for include technological advancements in public transportation, shifts in consumer behavior towards sustainable travel, and policy changes affecting public transport funding and subsidies. These factors could influence both the demand and cost of public transportation for households.
