In 2023, the average expenditure per household on legal services not related to dwellings in Canada was CAD 270.35. The forecasted data shows a consistent increase from 2024 to 2028. Year-on-year, there is a steady growth of approximately 2% in household expenditure on these legal services. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is expected to be around 2.1%.
Future trends to watch for:
- Potential impact of digital transformation and emerging technologies on legal service costs, potentially leading to lower household expenditures.
- Influence of regulatory changes or policy shifts in Canada’s legal landscape that could affect household spending patterns.
- Economic factors such as inflation or recession that might alter household priorities and financial allocations.