In 2023, the value added for these services in Canada stood at $43.31 billion. Forecasts suggest incremental growth, with projections of $44.0 billion for 2024 and a steady increase to $46.51 billion by 2028. Year-on-year, this represents an approximate growth rate of around 1.47% annually over the last two years. The compound annual growth rate (CAGR) for the forecast period is estimated to be about 1.45% from 2024 to 2028.
Future trends to watch for include:
- An increasing focus on sustainability and technology integration in building and landscape services.
- Potential innovations and heightened security due to evolving threats in security and investigation activities.
- Automated solutions and digitalization in office administration and support services to drive efficiency and reduce costs.