Forecast: Output of Real Estate in Canada

The output of real estate in Canada has shown a consistent upward trend from 2013 to 2023, reaching 411.18 billion Canadian Dollars in 2023. Over this period, the highest year-on-year growth was in 2019 at 5.76%, while the lowest was in 2018 at 2.28%. The compound annual growth rate (CAGR) for the past 5 years has averaged 4.16%. Forecasts suggest a continued rise, reaching 474.48 billion Canadian Dollars by 2028, albeit with a slower 5-year CAGR of 2.27%, reflecting an overall growth rate of 11.88% over the period.

Future trends to watch for include:

• Potential impacts of economic policies and housing regulations on market dynamics.
• Technological advancements and their influence on real estate transactions and management.
• Sustainability trends and increasing demand for green buildings.
• The influence of demographic shifts, such as aging populations and urbanization.