The forecasted figures for the output of imputed rents of owner-occupied dwellings in Canada show a steady increase from 2024 through 2028, rising from $244.93 billion to $277.4 billion. Comparing 2024 to previous data, 2023 saw an output of $237.0 billion CAD, reflecting a strong upward trajectory. The year-on-year growth rates were 3.4% from 2024 to 2025, 3.2% from 2025 to 2026, followed by 3.1% and 3.0% increases for subsequent years. The 5-year compound annual growth rate (CAGR) over this period stands at around 3.1%, indicative of consistent growth in this sector.
Future trends to watch for:
- Changes in housing market dynamics, including supply and demand shifts.
- Interest rate fluctuations influencing mortgage costs and affordability.
- Government policy adjustments impacting the housing sector.
- Economic factors such as inflation and wage growth affecting household income.
