The average house price in Alberta, Canada in 2024 was approximately ******* Canadian dollars. By 2025, this figure is forecast to reach ******* Canadian dollars. The number of home sales in the province surged in 2021, and in 2025, the annual number of housing transactions is expected to exceed ******. Compared to other provinces, Alberta ranked below the national average, but housing was still more expensive than in New Brunswick and Newfoundland.

After surging in 2021, sales activity in the Canadian housing market slowed down in the next two years. According to the forecast, the number of home sales in 2026 is expected to reach almost *******. The Canadian residential housing market is going through a period of change because the skyrocketing home prices are being tempered by various governmental interventions. One of the measures is such as a two-year ban on foreign purchases. Additionally, the government introduced a tax on vacant foreign-owned housing and a tax on assignment sales - resales of homes that have not been constructed or lived in before the time of the sale.

The average Canadian house price declined slightly in 2023, after four years of consecutive growth. The average house price stood at ******* Canadian dollars in 2023 and was forecast to reach ******* Canadian dollars by 2026. Home sales on the rise The number of housing units sold is also set to increase over the two-year period. From ******* units sold, the annual number of home sales in the country is expected to rise to ******* in 2025. British Columbia and Ontario have traditionally been housing markets with prices above the Canadian average, and both are set to witness an increase in sales in 2025. How did Canadians feel about the future development of house prices? When it comes to consumer confidence in the performance of the real estate market in the next six months, Canadian consumers in 2024 mostly expected that the market would go up. A slightly lower share of the respondents believed real estate prices would remain the same.

The Canadian luxury housing market, encompassing high-end apartments, condominiums, villas, and landed houses, is experiencing robust growth, driven by several factors. Strong economic performance in major cities like Toronto, Vancouver, and Calgary, coupled with increasing high-net-worth individuals and foreign investment, fuels demand for premium properties. The limited supply of luxury housing, particularly in desirable urban locations, further contributes to price escalation. While rising interest rates present a potential headwind, the overall market remains resilient due to persistent demand from domestic and international buyers seeking exclusive residences. The market segmentation reveals variations in performance across property types and cities. Toronto and Vancouver consistently rank among the most expensive markets globally, attracting significant investment. While the "Other Cities" segment experiences growth, its pace lags behind the top-tier urban centres due to factors such as lower population density and reduced economic activity compared to the major hubs. This dynamic creates opportunities for developers catering to the specific preferences within each segment. Looking ahead, the Canadian luxury housing market is projected to maintain a compound annual growth rate (CAGR) exceeding 10% throughout the forecast period (2025-2033). Several trends are expected to shape market evolution, including the growing popularity of sustainable and smart-home features, an increasing preference for larger living spaces, and a rise in demand for properties with proximity to amenities and green spaces. However, regulatory changes aiming to cool down the market, such as stricter mortgage rules or increased property taxes, could act as restraints on future growth. Key players such as Westbank Corp, Mattamy Homes, and Oxford Properties Group, amongst others, continue to dominate the market through strategic acquisitions and new development projects. International market dynamics and global economic conditions may also impact investment flows into the Canadian luxury housing sector, shaping overall market performance in the coming years. Recent developments include: October 2021: The CHEO Foundation gave the first look inside Minto Dream Home, the 'Caraway.' The Minto Dream Home on Skysail Place is a customized bungalow, situated on an oversized corner lot. It's a collaboration by the Minto Group (a Canadian real estate company) with Tanya Collins Design (a residential and commercial interior designer). The Caraway features beautiful views of the Mahogany Pond with an incredible wrap-around porch to enjoy the views and the outdoors, while inside the 4,603 square-foot floor plan offers plenty of space. The Minto Dream Home has a net-zero approach to minimize its carbon footprint and improve the wellness of the planet., March 2021: Skydev (a real estate development and construction oversight company), held a private ceremony to celebrate the start of the development's construction. The new development, called Southfield Green, is owned by Skyline Apartment REIT (a private Canadian real estate investment trust). Once the development is complete, the complex will be managed by Skyline Living (a Canadian residential property management company). The Southfield Green development will comprise a four-storey complex with luxury suites and on-site amenities, including an indoor/outdoor lounge and terrace, a dog run, and an on-site gym and yoga studio. The site is well located within walking distance of grocery stores, restaurants, and transit. The suites will boast fantastic views of the adjacent Southfield Park.. Notable trends are: Pandemic Accelerated Luxury Home Sales in Major Canadian Markets.

Housing Index in Canada decreased to 123.40 points in June from 123.70 points in May of 2025. This dataset provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Canadian property insurance market, while exhibiting resilience, is undergoing significant transformation driven by several key factors. The period between 2019 and 2024 showed steady growth, likely influenced by increasing property values, a growing population, and heightened awareness of potential risks like climate change-related events (e.g., wildfires, floods). We estimate the market size in 2025 to be approximately $25 billion CAD, based on observed growth trends and the projected expansion of the Canadian housing market. Looking ahead to 2033, a Compound Annual Growth Rate (CAGR) needs to be estimated. Considering economic forecasts and the increasing frequency and severity of insured perils, a conservative CAGR of 4% seems plausible. This would position the market size at roughly $36 billion CAD by 2033. Key drivers for this growth include the continued expansion of urban centers, rising construction activity, and a greater emphasis on comprehensive insurance coverage, driven by both regulatory changes and consumer awareness. However, challenges remain. The market faces increasing pressure from intensifying climate change impacts, requiring insurers to adapt pricing strategies and risk assessment models. Furthermore, technological advancements in areas like data analytics and artificial intelligence are transforming insurance operations, potentially impacting profitability and creating opportunities for new entrants. Competition is also expected to increase, leading to potential pricing pressures and the need for innovative product offerings. Insurers are responding by investing in advanced risk modeling, leveraging technology for improved customer service, and focusing on tailored insurance solutions to meet diverse customer needs and cater to the growing demand for specialized coverage. Ultimately, the Canadian property insurance market’s future trajectory will depend on the interplay between these growth drivers, challenges, and the innovative strategies employed by market players. Recent developments include: P/C Agency Mergers Rise 10% in First Half of 2021 - There were 339 announced property/casualty insurance agency mergers and acquisitions during the first half of 2021, up from 307 in 2020., CMHC Changes Underwriting Practices on Mortgage Loan Insurance - Canada Mortgage and Housing Corp. is easing its underwriting criteria for mortgage loan insurance after changes it made last year were not effective and caused it to lose market share. The federal housing agency said that it returned to considering a gross debt service ratio of up to 39 per cent and a total debt service ratio of up to 44 per cent for borrowers who have a strong history of managing payment obligations. Gross debt service refers to the maximum amount of gross annual income that can be used for home-related expenses like mortgages, heat or condo fees, while total debt service is calculated when these expenses are combined with monthly debt payments owed on items such as credit cards or cars.. Notable trends are: CATASTROPHIC LOSSES.

The number of home sales in New Brunswick, Canada, surged in 2021, followed by a decrease in the next two years. In 2023, about ***** home sales took place in New Brunswick and this figure is expected to reach ***** in 2025. Meanwhile, transaction activity in Canada is set to increase by 2025. When it comes to house prices, New Brunswick ranked as the province with the most affordable home prices, followed by Newfoundland and Saskatchewan.

Average House Prices in Canada decreased to 688600 CAD in June from 690200 CAD in May of 2025. This dataset includes a chart with historical data for Canada Average House Prices.

The North American luxury residential real estate market, encompassing villas, landed houses, apartments, and condominiums across the United States, Mexico, and Canada, exhibits robust growth potential. Driven by increasing high-net-worth individuals, a preference for upscale living, and limited inventory in prime locations, the market is projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 2.00% from 2025 to 2033. The United States dominates the market share, fueled by strong economic performance in key metropolitan areas and continued demand for luxury properties in coastal regions and affluent suburbs. Mexico's luxury market is experiencing growth, particularly in resort destinations and urban centers, benefiting from both domestic and international investment. Canada's luxury sector is also showing positive momentum, driven by a thriving economy and a relatively stable political landscape in certain regions. However, challenges remain, including rising interest rates potentially dampening buyer enthusiasm and construction costs that impact affordability. The market is segmented by property type, with villas and landed houses commanding higher price points, while the condominium segment shows strong appeal among urban dwellers seeking convenience and luxury amenities. Major players like D.R. Horton, Lennar, PulteGroup, and Toll Brothers, along with prominent regional developers, continue to shape market dynamics through strategic acquisitions, innovative designs, and upscale developments. The forecast for the next decade indicates continued expansion, albeit at a moderated pace due to economic headwinds. While the impact of interest rate fluctuations remains a key factor, the underlying demand for luxury properties in desirable locations is expected to sustain market growth. Diversification of investment strategies by developers, including incorporating sustainable building practices and smart home technologies, will become increasingly crucial to attract discerning buyers. Further geographic expansion into emerging luxury markets within North America is also anticipated, driving further segmentation and market diversification. Strong competition among developers is expected to drive innovation in product offerings and customer service, adding further dynamism to this high-value sector. Recent developments include: June 2022: Three major homebuilders have paid USD 111.7 million for an 836-acre plot of unoccupied property in the West Valley, which will house up to 2,800 people. The property, located on the northwest corner of 163rd Avenue and Happy Valley Road in Surprise, is directly northeast of Lennar's current Asante master-planned community, which comprises 3,500 acres and will ultimately house more than 14,000 houses. Asante has so far seen the construction of around 1,500 residences., July 2021: Mighty Buildings, located in Oakland, has secured a USD 22 million extension to its Series B investment round. The company is on a mission to create homes using 3D printing, robots, and automation. The fresh fundraising follows a USD 40 million round announced earlier this year, bringing the company's total funding since its founding in 2017 to USD 100 million. Mighty Building's self-proclaimed objective is to build beautiful, sustainable, and cheap homes. The micro-factories, according to the company, will be able to produce 200 to 300 homes per year in locations where housing gaps exist.. Notable trends are: Emergence of the Millennial Generation in USA.

The number of home sales in Nova Scotia, Canada, surged in 2021, followed by a decrease in the following two years. In 2024, about ****** home sales took place in Nova Scotia and this figure is expected to reach ****** in 2026. A similar trend could be observed on a national scale, with transaction activity in Canada set to increase by 2026. In terms of home prices, Nova Scotia ranked below the national average, but housing was still significantly more expensive than provinces such as New Brunswick and Newfoundland.

Housing Starts in Canada increased to 283.73 Thousand units in June from 282.71 Thousand units in May of 2025. This dataset provides the latest reported value for - Canada Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The North American industrial real estate market, encompassing the United States, Canada, and Mexico, is experiencing robust growth, driven by e-commerce expansion, nearshoring initiatives, and a strengthening manufacturing sector. The market's Compound Annual Growth Rate (CAGR) exceeding 4.50% signifies a consistently expanding market value, projected to reach significant figures by 2033. Key sectors fueling this growth include Information Technology (IT and ITES), Manufacturing, and BFSI (Banking, Financial Services, and Insurance), with consulting and other sectors also contributing. The demand for warehouse and logistics space is particularly high, driven by the increasing need for efficient supply chain management and last-mile delivery solutions. Significant players like Hines, Turner Construction Company, and Prologis (a major player implicitly suggested by the listed companies) are shaping the market landscape through large-scale developments and strategic acquisitions. While potential restraints could include rising interest rates and construction material costs, the underlying demand continues to outweigh these challenges, ensuring sustained growth for the foreseeable future. The geographical distribution of growth varies across North America, with the United States likely holding the largest market share due to its economic size and established logistics networks. Canada and Mexico are also experiencing growth, particularly Mexico benefiting from nearshoring trends. Segmentation within the sectors reveals a dynamic market. The IT and ITES sector's demand for data centers and office space drives growth in specific regions. Manufacturing's expansion necessitates larger industrial spaces, while BFSI focuses on secure and well-located facilities. This diverse demand profile contributes to the overall market resilience and growth trajectory. The forecast period (2025-2033) promises continued expansion, making the North American industrial real estate market an attractive investment opportunity for both developers and investors. Continued monitoring of macroeconomic factors and evolving industry trends will be key to navigating this dynamic environment. Recent developments include: December 2021: Boston Properties Inc. (the largest publicly traded developer, owner, and manager of Class A office properties) announced that it completed the acquisition of 360 Park Avenue South, a 450,000 square-foot, 20-story office property located in the Midtown South submarket of Manhattan, New York, from Enterprise Asset Management Inc. (an investment management firm). Furthermore, the gross purchase value accounted for approximately USD 300 million., December 2021: Boston Properties Inc. announced a joint venture in which the company has a 49% ownership and executed a 229,000 square foot lease with a leading biotech company at the venture's 751 Gateway project in South San Francisco, California. The lease covers the entire building, which is currently under construction, with initial occupancy expected in early 2024.. Notable trends are: Increasing Rental Prices of Office Spaces.

The number of home sales in Alberta, Canada, surged in 2021, followed by a slight decrease in the following two years. In 2024, about ****** home sales took place in Alberta and this figure is expected to reach ****** in 2026. Meanwhile, transaction activity in Canada is set to also increase by 2025. In terms of home prices, Alberta ranked below the national average, but housing was still more expensive than in New Brunswick and Newfoundland.

The house price for Ontario is forecast to increase slightly in 2025, after declining by six percent in 2023. From roughly 872,312 Canadian dollars, the average house price in Canada's second most expensive province for housing is expected to rise to 881,039 Canadian dollars in 2025. After British Columbia, Ontario is Canada's most expensive province for housing. Ontario Ontario is the most populated province in Canada, located on the eastern-central side of the country. It is an English speaking province. To the south, it borders American states Minnesota, Michigan, Ohio, Pennsylvania, and New York. Its provincial capital and largest city is Toronto. It is also home to Canada’s national capital, Ottawa. Furthermore, a large part of Ontario’s economy comes from manufacturing, as it is the leading manufacturing province in Canada. The population of Ontario has been steadily increasing since 2000. The population in 2023 was an estimated 15.6 million people. The median total family income in 2022 came to 101,920 Canadian dollars. Ontario housing market The number of housing units sold in Ontario is projected to rise until 2025. Additionally, the average home prices in Ontario have significantly increased since 2007.

Revenue for Canadian apartment lessors has gained through the end of 2025. Apartment lessors collect rental income from rental properties, so market forces largely determine their rates. The supply of apartment rentals has grown slower than demand, which has elevated rental rates for lessors' benefit. Favourable economic conditions and demographic trends during most of the period have driven growth in demand. In 2020, the spread of COVID-19 lessened demand for apartment rentals, but the nature of apartment leases prevented a dip in revenue until 2021. Revenue has climbed since 2022 as higher prices and strong demand have fuelled a robust rental market. Revenue has climbed at a CAGR of 1.7% over the past five years and will reach $67.6 billion through the end of 2025. This includes a 1.6% swell in 2025 alone. Climbing vacancies fueled by a historic increase in rental supply will limit rent growth in 2025. The urban population in Canada has continued to expand, fuelling demand for housing in recent years. The supply of apartment rental units has lagged behind demand growth, reflected in low vacancy rates across Canada. Major urban centres have had especially low vacancy rates in recent years. Disposable income has also grown despite significant economic volatility. This has given individuals more funds to cover living expenses, which has enabled lessors to raise rental rates. Despite skyrocketing rental prices, profit has declined because of rising operating costs and property taxes. Favourable macroeconomic conditions are expected to fuel demand for apartment rentals moving forward. Per capita disposable income will climb while vacancy rates remain low. Furthermore, immigration and urbanization growth will fuel rent growth in major cities, benefiting apartment rental providers. Demand will continue to outpace supply growth, prompting a revenue gain. Revenue will expand at a CAGR of 1.3% through the end of 2030, reaching $71.9 billion in 2030.

The Canadian insurance industry, a significant component of the broader North American market, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 4% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, increasing affluence and a growing middle class are leading to higher demand for various insurance products, particularly in auto and property insurance. Secondly, a rising awareness of risk, coupled with increasingly stringent government regulations, is compelling both individuals and businesses to secure comprehensive insurance coverage. Furthermore, technological advancements, including the adoption of Insurtech solutions, are streamlining operations, improving customer experience, and enabling more efficient risk assessment and fraud prevention. The industry's segmentation, encompassing diverse insurance types (property, auto, and other lines) and distribution channels (direct, agents, banks, and others), reflects a dynamic marketplace catering to evolving consumer preferences and risk profiles. Major players like Intact, Aviva, Desjardins, and others are adapting their strategies to maintain competitiveness in this evolving landscape. However, the Canadian insurance market also faces certain challenges. Fluctuations in the economy, particularly interest rate changes, can impact investment returns and profitability for insurance companies. Intense competition among established players and emerging Insurtech firms necessitates continuous innovation and efficiency improvements. Moreover, managing claims effectively and mitigating the increasing frequency and severity of certain types of insured events, such as extreme weather events driven by climate change, remain significant concerns. Navigating regulatory changes and adapting to evolving consumer expectations are crucial for long-term success within the Canadian insurance market. Despite these challenges, the overall outlook remains positive, driven by consistent economic growth and the increasing penetration of insurance products across various demographic segments. The market's size, although not explicitly stated, can be reasonably estimated based on publicly available data on similar markets and industry reports, suggesting a multi-billion dollar market. This in-depth report provides a comprehensive analysis of the Canadian insurance industry, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, this report offers invaluable insights for businesses, investors, and policymakers navigating this dynamic sector. The report utilizes data from the historical period (2019-2024) to forecast market trends and growth opportunities (2025-2033). Key players like Intact Group, Aviva Group, Desjardins Group, and others are analyzed, alongside key segments such as auto insurance, property insurance, and other insurance types, through various distribution channels. Recent developments include: July 2021: Aon and Willis, the world's second and third-biggest commercial property and casualty brokerage, terminated their USD 30 billion combination agreement. The proposed agreement was initially announced in March of 2020., June 2021: Accelerant Holdings entered the Canadian market with a share purchase agreement that includes the parent company of Toronto-based Omega General Insurance Company. Accelerant will acquire from Till Omega Insurance Holdings, Inc. (OIH) and its two Toronto-based wholly-owned subsidiaries. Those subsidiaries include property and casualty insurance carrier Omega General Insurance Company and Focus Group Inc., a consulting and projecting management business that services local and international P&C insurance clients. Omega General offers customized insurance solutions within the Canadian marketplace, including fronting and run-off services for insurers/reinsurers.. Notable trends are: Increase in Adoption of Artificial Intelligence in Property and Casualty Insurance.

The average resale house price in Canada was forecast to reach nearly ******* Canadian dollars in 2026, according to a January forecast. In 2024, house prices increased after falling for the first time since 2019. One of the reasons for the price correction was the notable drop in transaction activity. Housing transactions picked up in 2024 and are expected to continue to grow until 2026. British Columbia, which is the most expensive province for housing, is projected to see the average house price reach *** million Canadian dollars in 2026. Affordability in Vancouver Vancouver is the most populous city in British Columbia and is also infamously expensive for housing. In 2023, the city topped the ranking for least affordable housing market in Canada, with the average homeownership cost outweighing the average household income. There are a multitude of reasons for this, but most residents believe that foreigners investing in the market cause the high housing prices. Victoria housing market The capital of British Columbia is Victoria, where housing prices are also very high. The price of a single family home in Victoria's most expensive suburb, Oak Bay was *** million Canadian dollars in 2024.

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Polyvinyl Chloride Decking Market Size 2024-2028

The Polyvinyl Chloride (PVC) Decking Market size is estimated to grow by USD 645.87 million at a CAGR of 8.02% between 2023 and 2028. Market growth is driven by the resurgence of the construction industry, growing demand for customized decking solutions, and shifting lifestyles favoring outdoor living spaces. The revival in construction boosts infrastructure development and housing projects, stimulating demand for construction materials like decking. Additionally, there is a rising trend towards personalized outdoor spaces, prompting the need for tailored decking solutions to enhance aesthetic appeal and functionality. Changing lifestyles, and emphasizing outdoor leisure and entertainment, further drive the adoption of decking products. These factors collectively underscore opportunities in the market, urging stakeholders to innovate and meet evolving consumer preferences for enhanced outdoor living experiences. The market forecast report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.

What will be the Market Size During the Forecast Period?

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Market Segmentation

By Application

The market share growth by the residential segment will be significant during the forecast period. The increase in residential construction activities in North America, Europe, and APAC is expected to drive the growth of the residential segment. The increasing disposable incomes of people and rapid urbanization in countries in APAC, such as China, India, Malaysia, and Indonesia, are necessitating the construction of new residences and public infrastructure in APAC.

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The residential segment was the largest and was valued at USD 677.13 million in 2018. Further, the growing investment by countries such as the US and Germany for remodeling and renovation of residential buildings is anticipated to boost the growth of the market. Moreover, the growing residential construction industry in Middle Eastern countries such as the UAE will propel the demand. For instance, in August 2022, in the heart of MBR City, Dubai, Azizi Developments unveiled Riviera Reve, the fourth and most opulent phase of its exclusive French Mediterranean-inspired community project. Riviera Reve, the most upscale and exclusive section of Riviera, will include 24 ultra-luxury buildings, with 5,061 houses that include more than 2,600 studio apartments, 1,579 one-bedroom units, and 876 two-bedroom units. Thus, such developments in the residential construction industry will foster the growth of the global market through the residential segment during the forecast period.

By Type

Based on the type, the market has been segmented into capped composite and uncapped composite. The capped composite?segment will account for the largest share of this segment.?This is majorly used in residential and non-residential applications because of its physical properties. The introduction of capped composites in various regions such as APAC, MEA, and Europe, in addition to the increasing product awareness and the benefits associated with this segment, is expected to drive the growth of the capped composite segment in the market during the forecast period.

Market Region Analysis

North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Further, most residences in North America have decks. Between 2010 and 2021, there was an increase in the construction of single-family homes in the US with decking. In 2021, there were 50,000 single-family houses with decks built, as compared with 32,000 single-family houses in 2010. The demand is rising in North America to enjoy life with personal outdoor spaces and improve their homes with affordable alternatives. Customers are increasingly investing in renovation and home improvement services in addition to raising the value of their homes. Moreover, the increase in home renovation and housing completions will be the main factors driving the demand during the forecast period. More restaurants and hotels are anticipated to build decks as a part of the outdoor living trend to provide customers with appealing spaces to lounge and eat outdoors. Thus, all the abovementioned factors will drive the growth of the market in North America during the forecast period.

Market Dynamics and Customer Landscape

The market is characterized by its use of recycled plastic material to create durable and environmentally friendly plastic decking solutions. P

The number of home sales in Saskatchewan, Canada, surged in 2021, followed by a slight decrease in the next two years. In 2023, about ****** home sales took place in Saskatchewan and this figure is expected to reach close to ****** in 2025. A similar trend could be observed on a national scale, with transaction activity in Canada set to increase by 2025. In terms of home prices, Saskatchewan is one of the most affordable provinces for housing.

The number of home sales in Prince Edward Island, Canada, surged in 2021, followed by a slight decrease in the next two years. In 2023, about ***** home sales took place in Prince Edward Island, and this figure is expected to decrease slightly by 2025. Meanwhile, transaction activity in Canada is set to increase by 2025. In terms of home prices, Prince Edward Island ranked below the national average, but housing was still more expensive than in New Brunswick and Newfoundland.