The average expenditure per household on rented living quarters in Canada is forecasted to increase steadily from CAD 4.46K in 2024 to CAD 4.73K in 2028. This shows a consistent year-on-year growth rate, indicating a robust demand for rental housing. In comparison to 2023, this reflects a continuous upward trend in rental costs.

Future trends to watch for:

An increase in urban migration could further drive rental demand, especially in major cities.
Potential shifts in government housing policies might influence rental market dynamics.
Economic factors like inflation and interest rates could impact household spending capabilities.