Income statistics by economic family type and income source, annual.

Income of individuals by age group, sex and income source, Canada, provinces and selected census metropolitan areas, annual.

This statistic depicts the median annual family income in Canada from 2000 to 2020. In 2020, the median annual family income in Canada was 96,220 Canadian dollars.

Survey of Household Spending (SHS), average household spending, Canada, regions and provinces.

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Residential Real Estate Market Size 2025-2029

The residential real estate market size is forecast to increase by USD 485.2 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, fueled by increasing marketing initiatives that attract potential buyers and tenants. This trend is driven by the rising demand for housing solutions that cater to the evolving needs of consumers, particularly in urban areas. However, the market's growth trajectory is not without challenges. Regulatory uncertainty looms large, with changing policies and regulations posing a significant threat to market stability. Notably, innovative smart home technologies, such as voice-activated assistants and energy-efficient appliances, are gaining traction, offering enhanced convenience and sustainability for homeowners.
As such, companies seeking to capitalize on the opportunities presented by the growing the market must navigate these challenges with agility and foresight. The residential construction industry's expansion is driven by urbanization and the rising standard of living in emerging economies, including India, China, Thailand, Malaysia, and Indonesia. By staying abreast of regulatory changes and implementing innovative marketing strategies, they can effectively meet the evolving needs of consumers and maintain a competitive edge. These regulatory shifts can impact everything from property prices to financing options, making it crucial for market players to stay informed and adapt quickly.

What will be the Size of the Residential Real Estate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic housing market analysis, small flats continue to be a popular choice for both investors and first-time homebuyers, driven by affordability and urban growth. International investment in housing projects, including apartments and condominiums, remains strong, offering attractive investment returns. Real estate syndication and property management software facilitate efficient property ownership and management. Real estate loans, property insurance, and urban planning are essential components of the housing market, ensuring the development of affordable housing and addressing the needs of the middle class and upper middle class. Property disputes, property tax assessments, and real estate litigation are ongoing challenges, requiring careful attention from stakeholders.
Property search engines streamline the process of finding the perfect property, from studio apartments to luxury homes. Real estate auctions, land banking, and nano apartments are innovative solutions in the market, while property flipping and short sales provide opportunities for savvy investors. Urban growth and community development are key trends, with a focus on sustainable, planned cities and the integration of technology, such as real estate blockchain, into the industry. Developers secure building permits, review inspection reports, and manage escrow accounts during real estate transactions. Key services include contract negotiation, dispute resolution, and tailored investment strategies for portfolio management. Financial aspects cover tax implications, estate planning, retirement planning, taxdeferred exchanges, capital gains, tax deductions, and maintaining positive cash flow for sustained returns.

How is this Residential Real Estate Industry segmented?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period. The sales segment dominates the global residential real estate market and will continue to dominate during the forecast period. The sales segment includes the sale of any property that is majorly used for residential purposes, such as single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences. With the growing population and urbanization, the demand for homes is also increasing, which is the major factor driving the growth of the sales segment. Moreover, real estate firms work with developers to sel

This table presents income shares, thresholds, tax shares, and total counts of individual Canadian tax filers, with a focus on high income individuals (95% income threshold, 99% threshold, etc.). Income thresholds are based on national threshold values, regardless of selected geography; for example, the number of Nova Scotians in the top 1% will be calculated as the number of taxfiling Nova Scotians whose total income exceeded the 99% national income threshold. Different definitions of income are available in the table namely market, total, and after-tax income, both with and without capital gains.

This statistic depicts the median annual family income in Canada in 2021, distinguished by province. In 2021, the median annual family income in Alberta was 106,960 Canadian dollars.

The median total income in Canada increased by 1,440 dollars (+3.46 percent) in 2022. With 43,090 dollars, the median total income thereby reached its highest value in the observed period.

The Canadian life and non-life insurance market, valued at $114.41 million in 2025, is projected to experience robust growth, driven by a rising aging population necessitating increased health and long-term care coverage, growing awareness of financial security needs, and increasing penetration of insurance products through diverse distribution channels. The market's Compound Annual Growth Rate (CAGR) of 4.67% from 2025 to 2033 indicates a steady expansion, propelled by the expanding middle class, rising disposable incomes, and government initiatives promoting financial inclusion. Increased adoption of digital platforms for insurance sales and customer service further contributes to market expansion. Segmentation analysis reveals significant market share across life insurance (individual and group) and non-life insurance categories (home, motor, health, and others), with a dynamic distribution landscape involving direct sales, agencies, banks, and online platforms. However, challenges remain. Stringent regulatory frameworks, increasing competition among established players and new fintech entrants, and economic uncertainties could potentially moderate growth. Furthermore, claims management efficiency and fraud prevention remain crucial factors impacting profitability. The competitive landscape is characterized by a mix of both domestic and international insurers, including Intact Financial Corporation, Manulife, Sun Life Financial, and Great-West Lifeco, all vying for market share through product innovation and customer acquisition strategies. Strategic partnerships and technological advancements are expected to play a key role in shaping the market’s future trajectory. The forecast period of 2025-2033 offers significant opportunities for both established and new players, demanding agility, adaptation, and a clear understanding of evolving consumer needs and regulatory changes. Recent developments include: January 2024: Manulife and Aeroplan, an Air Canada-owned loyalty program, launched a new multi-year agreement that will allow Manulife Group Benefits members to accrue Aeroplan points for participating in activities and behaviors that promote health and well-being., December 2023: Westland Insurance acquired Gateway Insurance Group, Hutcheson, Reynolds, and Caswell Insurance. With this acquisition, Westland expanded its already robust Property and Casualty (P&C) practice and grew its presence in the strategically important Ontario and Atlantic Canada region., November 2022: StoneRidge Insurance Brokers acquired Safeway Insurance, which offers consumers a wide variety of financial products, including investment alternatives and life insurance, in addition to a huge selection of property and liability insurance products.. Key drivers for this market are: Mandatory Insurance Requirements for Automobiles and Certain Life Insurance Policies, Increased Consumer Spending Capacity and Willingness to Invest in Insurance Products. Potential restraints include: Mandatory Insurance Requirements for Automobiles and Certain Life Insurance Policies, Increased Consumer Spending Capacity and Willingness to Invest in Insurance Products. Notable trends are: Increasing Demand Motor Insurance Driving the Market.

Families of tax filers; Single-earner and dual-earner census families by number of children (final T1 Family File; T1FF).

The Canadian insurance market, a significant segment of the broader North American landscape, 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. Increasing affluence and a growing middle class are driving demand for diverse insurance products, particularly in property and auto insurance. Furthermore, heightened awareness of risk, coupled with increasingly stringent government regulations, is pushing individuals and businesses to secure comprehensive coverage. Technological advancements, such as the adoption of Insurtech solutions and digital distribution channels, are streamlining operations and enhancing customer experience, further contributing to market growth. However, challenges remain. Intense competition among established players like Intact, Aviva, Desjardins, and Co-operators, along with the emergence of new Insurtech entrants, creates a dynamic and sometimes volatile market. Fluctuations in economic conditions and the potential for unforeseen catastrophic events can also impact profitability and growth trajectory. Segmentation analysis reveals a significant share held by property and auto insurance, while the direct distribution channel demonstrates substantial dominance. The Canadian insurance market's regional distribution mirrors the country's population density, with Ontario and Quebec representing the largest markets. The continued growth in the Canadian economy will underpin the demand for diverse insurance products. The presence of established multinational corporations alongside strong domestic insurers creates a competitive yet stable market. Looking forward, the integration of artificial intelligence (AI) and machine learning in risk assessment and claims processing will likely transform operational efficiency and redefine underwriting strategies. Expansion into niche insurance segments, catering to the evolving needs of specific demographics, will be a crucial area for growth and differentiation. Successful navigation of these dynamics necessitates strategic innovation, technological adoption, and effective risk management for companies vying for market share. 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.

Individuals; Tax filers and dependants by total income, sex and age groups (final T1 Family File; T1FF).

Low income cut-offs (LICOs) before and after tax by community size and family size, in current dollars, annual.

The median total income of all families in Ontario increased by 2,370 dollars (+2.38 percent) since the previous year. Therefore, the median total income of all families in Ontario reached a peak in 2022 with 101,920 dollars. Find more key insights for the median total income of all families in countries and regions like number of families receiving employment insurance benefits (Canada), median employment insurance benefits received by persons not in census families (Canada), and median total income of all families (New Brunswick).

This table contains 2394 series, with data for years 1991 - 1991 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Population group (19 items: Entire cohort; Income adequacy quintile 1 (lowest);Income adequacy quintile 2;Income adequacy quintile 3 ...), Age (14 items: At 25 years; At 30 years; At 40 years; At 35 years ...), Sex (3 items: Both sexes; Females; Males ...), Characteristics (3 items: Life expectancy; High 95% confidence interval; life expectancy; Low 95% confidence interval; life expectancy ...).

Families of tax filers; Census families by total income, family type and number of children (final T1 Family File; T1FF).