Canada Real Estate Market Size, Share, Report 2024-2032

Canada Real Estate Market Report by Property Type (Residential Buildings and Dwellings, Commercial Complexes, Industrial Infrastructure, Government Infrastructure), Business (Sales, Rental, Lease), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A25484

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Canada Real Estate Market Overview:

The Canada real estate market size reached USD 183.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 231.5 Billion by 2033, exhibiting a growth rate (CAGR) of 2.60% during 2025-2033. The market is characterized by sustained growth, supported by high demand, especially in urban areas, and constrained supply. Additionally, strong immigration rates and robust investor interest are key factors maintaining property value stability and fostering development across residential and commercial segments.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 183.8 Billion
Market Forecast in 2033	USD 231.5 Billion
Market Growth Rate 2025-2033	2.60%

Canada Real Estate Market Trends:

Increasing Urban Housing Demand and Supply Constraints

The Canadian real estate market continues to experience significant growth, primarily due to the strong urban housing demand, coupled with limited supply. Major cities such as Toronto and Vancouver witness high competition for properties, driven by increased immigration, job opportunities, and population growth. For instance, according to industry reports, Toronto’s housing market recorded a 14% year-on-year increase in home sales in 2024, underscoring the heightened activity. Furthermore, the persistent demand-supply imbalance has kept property prices elevated despite broader economic challenges. The shortage of new residential developments further exacerbates affordability concerns and has prompted a shift toward vertical housing solutions, including high-rise condominiums, to maximize available space. This shift, in turn, is fostering the expansion of the real estate market in Canada.

Rising Interest in Sustainable and Energy-Efficient Properties

A notable trend in the Canadian real estate market is the growing interest in sustainable and energy-efficient properties. Both residential and commercial property buyers are increasingly seeking eco-friendly solutions that reduce energy consumption and align with environmental regulations. This trend is further supported by government initiatives promoting green building practices and offering incentives for sustainable construction and retrofitting. For instance, according to industry reports, in 2024, the Government of Canada extended the Green and Inclusive Community Building (GICB) program until 2029 and released a budget which provided USD 500 million budget increase to enhance living conditions and reduce pollution by lowering GHG emissions, boosting energy efficiency, building climate resilience, and promoting net-zero construction standards. This underscores nation’s commitment to sustainable construction and retrofitting. Moreover, developers are incorporating energy-saving technologies, such as solar panels and smart home systems, to meet this demand and differentiate their offerings. This shift reflects a broader societal move towards sustainability and positions eco-friendly properties as valuable assets that attract environmentally conscious investors and buyers.

Luxury Real Estate Resilience

The luxury real estate sector in Canada has shown remarkable resilience, even amid broader market slowdowns. High-net-worth individuals are actively investing in premium properties, particularly in major cities like Toronto, Vancouver, and Montreal. For instance, according to industry reports, in 2024, Winnipeg witnessed a 61.9% year-over-year increase in luxury home sales during the first eight months of the year, while Toronto saw a 3.9% rise in luxury property prices. Despite increasing prices and a competitive market, demand for luxury homes, condominiums, and waterfront properties remains strong. Factors driving this robust growth include the appeal of safe-haven investments, low mortgage rates, and the nation’s strong economic stability. Additionally, Canada's reputation as a politically stable, high-quality living destination attracts international buyers. As a result, the luxury segment is expected to remain one of the most stable and profitable sectors within the Canadian real estate market.

Canada Real Estate Market News:

In June 2024, EllisDon, RBC, and Mattamy Homes launched the Climate Smart Buildings Alliance (CSBA) and its Responsible Buildings Pact at the Canada Green Building Council’s conference in Toronto. The initiative is supported by 23 initial signatories which aims to cut embodied carbon in construction, targeting a potential 40% reduction in emissions. This move is set to impact the real estate market by driving sustainable building practices, potentially increasing demand for eco-friendly properties and influencing construction standards and investments across the sector.

Canada Real Estate Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on property type and business.

Property Type Insights:

Residential Buildings and Dwellings
Commercial Complexes
Industrial Infrastructure
Government Infrastructure

The report has provided a detailed breakup and analysis of the market based on the property type. This includes residential buildings and dwellings, commercial complexes, industrial infrastructure, and government infrastructure.

Business Insights:

Sales
Rental
Lease

A detailed breakup and analysis of the market based on the business have also been provided in the report. This includes sales, rental, and lease.

Regional Insights:

Ontario
Quebec
Alberta
British Columbia
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Ontario, Quebec, Alberta, British Columbia, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Canada Real Estate Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	USD Billion
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Property Type Business Region
Property Types Covered	Residential Buildings and Dwellings, Commercial Complexes, Industrial Infrastructure, Government Infrastructure
Businesses Covered	Sales, Rental, Lease
Regions Covered	Ontario, Quebec, Alberta, British Columbia, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Canada real estate market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Canada real estate market?
What is the breakup of the Canada real estate market on the basis of property type?
What is the breakup of the Canada real estate market on the basis of business?
What are the various stages in the value chain of the Canada real estate market?
What are the key driving factors and challenges in the Canada real estate?
What is the structure of the Canada real estate market and who are the key players?
What is the degree of competition in the Canada real estate market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Canada real estate market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Canada real estate market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Canada real estate industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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