The forecast for Canada's Real Estate Gross Value Added reflects a gradual increase from 2024 to 2028. In 2024, the value is projected at $218.33 billion USD, rising to $231.31 billion USD by 2028. This indicates a steady annual growth rate over the five-year period, with compound annual growth rate (CAGR) averaging around 1.47% per year. From 2023, with the historical value not provided, the year-over-year growth rates offer insight into consistent sector expansion.
Future trends to watch for include:
- Potential impacts of economic policies on real estate investments and valuations.
- The influence of housing demand shifts due to migration or demographic changes.
- Technological advancements in property management and sustainable building practices.
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