Homebuilders in Canada - Industry Market Research Report

Homebuilders in Canada - Industry Market Research Report

Homebuilders in Canada

Investment in residential housing construction has benefited homebuilders in Canada in recent years. Immigration into Canada has translated into unprecedented population growth, driving a deepening housing crisis. New housing starts haven't kept up with the population growth, making homebuilders more critical than ever to meet housing demand. Home shortages and changes in buying behavior supported homebuilders during the COVID-19 pandemic. Still, the pandemic's disruption to global supply chains didn't spare contractors, with equipment and material costs reaching unprecedented highs. Long-lasting impacts of the pandemic continue to disrupt contractors, with elevated interest rates and inflation slowing down housing starts in 2023. In all, industry-wide revenue has been declining at a CAGR of 1.9% over the past five years – totaling an estimated $30.6 billion in 2023 – when revenue will drop an expected 5.3%.

The Homebuilders industry in Canada primarily constructs single-family homes in which units are separated by ground-to-roof walls and have no units above or below. Homebuilders include general contractors, design-build companies and single-family construction management companies acting as general contractors and builders.

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.