The salaries and wages in the Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing sector in Canada are forecasted to increase steadily from 2024 to 2028. In 2023, the actual value stood at 1.43 billion Canadian dollars. Year-on-year growth rates are reflecting a consistent upward trend: around 6.8% from 2024 to 2025, 6.3% from 2025 to 2026, 5.8% from 2026 to 2027, and 5.5% from 2027 to 2028. The five-year compound annual growth rate (CAGR) is anticipated at 6.0%.
Future trends to watch for include technological advancements, increased emphasis on energy efficiency, and regulatory changes that could affect wage dynamics and labor demand in the industry.
