In 2023, Canada's household expenditure on imputed rentals for housing was below the forecasted 2024 value of CAD 268.31 billion. From 2024 to 2028, the expenditure is projected to rise steadily at a rate of approximately 5-6% annually. The compound annual growth rate over this period is estimated at around 5.3%. This consistent increase reflects ongoing growth in Canadian housing costs and consumer spending in this category.

Future trends to watch for include:

Changes in real estate market conditions and policies affecting housing affordability.
Economic factors influencing consumer spending and inflation rates in Canada.
Demographic shifts impacting demand for housing.
Potential regulatory changes impacting real estate and rental markets.