Higher education: Government funding will likely grow as the economy improves
Colleges & Universities in Canada
The Colleges and Universities industry in Canada, which includes public and private postsecondary institutions that grant academic certificates and degrees, has experienced growth over the five years to 2019 despite the declining role of government funding in industry operations. During the five-year period, tight government budgets have constrained federal and provincial funding in particular for postsecondary education, causing certain institutions to implement hiring and salary freezes to reduce operating expenses. Most colleges and universities in Canada are public institutions that depend on government funding to operate, and funds from provincial and federal entities are estimated to represent nearly half of industry revenue in 2019. However, this percentage has declined significantly in recent years, causing institutions to expand enrolment and increase tuition fees simultaneously to remain in business. Over the five years to 2024, the industry is expected to continue growing as demand for higher education remains strong. Government funding for industry institutions is also forecast to recover over coming years as the overall Canadian economy improves.
The Colleges and Universities industry in Canada provides public and private postsecondary education services. Industry institutions grant certificates, as well as associate, baccalaureate and graduate degrees. This industry does not include for-profit institutions.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of contents
ABOUT THIS INDUSTRY
INDUSTRY AT A GLANCE
Key External Drivers
Industry Life Cycle
PRODUCTS & MARKETS
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
JARGON & GLOSSARY
The University of Toronto
University of British Columbia
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