Industries with the Highest Profit Margin in Canada in 2025

1. Commercial Banking in Canada

Profit Margin 2025: 31.0%

Despite low interest rates and some hiccups in economic growth, commercial banks in Canada have expanded throughout 2023. Banks have done an exceptional job diversifying revenue streams, overcoming limits imposed by low interest rates, and increasing regulations. The industry primarily generates revenue through interest income sources, such as business loans and mortgages, but it also generates income through noninterest sources, which include fees on a variety of services and commissions. Industry revenue has been growing at a CAGR of 2.2% over the past five years and is expected to total $275.4 billion in 2023, when revenue will likely jump an... Learn More

2. Apartment Rental in Canada

Profit Margin 2025: 29.1%

Revenue for Canadian apartment lessors has grown in recent years. Apartment lessors collect rental income from properties they lease, where the rates they charge are largely determined by market forces. The supply of apartment rentals has grown at a slower rate than demand, which has elevated rental rates to the benefit of lessors. 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 decline in revenue until 2021. Revenue has grown since 2022 as higher... Learn More

3. Management Consulting in Canada

Profit Margin 2025: 28.8%

Management consulting in Canada is composed of companies that provide consulting services to private businesses and the public sector. These advisory services are tailored to provide strategic, financial, marketing, operational and supply chain management consulting services. Businesses partake in mergers and acquisitions, joint ventures, divestitures and initial public offerings based on their expectations of what the future holds. Although the company provides countercyclical services that support industry revenue during economic downturns, the COVID-19 pandemic hindered industry operations in unprecedented ways in 2020. Revenue is expected to grow at a CAGR of 2.0% to $23.9 billion over the years to 2023,... Learn More

4. Real Estate Sales & Brokerage in Canada

Profit Margin 2025: 28.4%

Real estate sales and brokerage services are closely aligned with the health of the Canadian real estate market. Revenue rises alongside property prices and real estate transaction volumes as real estate agents are paid on a commission basis when they close a deal. A growing, aging and progressively wealthy Canadian population has boosted demand for residential properties. Industry revenue has been growing at a CAGR of 7.3% over the past five years, and is expected to reach $26.0 billion through the end of 2023, despite a decline of 2.5% in 2023 alone.

Revenue has grown despite a sharp decline in the... Learn More

5. Audio & Video Equipment Manufacturing in Canada

Profit Margin 2025: 24.0%

A key ability that successful companies in this industry possess is the ability to adapt their business strategy to changing consumer and other market preferences. As a result, most manufacturers spend a significant amount of money on research and development initiatives. Audio and video manufacturers have faced volatile demand trends during the period. 2020 provided manufacturers with strong demand since extremely low-interest rates and rapidly rising housing starts led to increased downstream demand from new homeowners looking to outfit their property. This carried over into 2021 as rates remained low and housing starts remained high. As the Bank of Canada... Learn More

6. Software Publishing in Canada

Profit Margin 2025: 22.8%

The Software Publishing industry in Canada has exhibited strong growth over the five years to 2023 amid the introduction of new products, chiefly within the enterprise services and data analytics domains. Rising consumer spending has boosted demand from both businesses and consumers. Additionally, technological advancements and the increased use of laptops and smartphones in companies and consumers' everyday lives have necessitated the need for wide software varieties, boosting industry demand. However, the continued use of illegally downloaded software has hampered growth. Still, industry revenue has been growing an annualized 8.0% over the past five years and is expected to reach... Learn More

7. Pest Control in Canada

Profit Margin 2025: 19.5%

While the rise of bed bugs across Canada has left homeowners and business owners frustrated, it has been a boon for the Pest Control industry in Canada. The increasing ubiquity of these nighttime pests has fuelled demand for pest extermination professionals, underpinning robust revenue growth. COVID-19 contributed to a temporary decline in demand for bed bug removal services, though it led to increased demand for rodent control as rats and mice sought new food sources as restaurants closed. As a result of heightened demand for extermination and prevention services, industry revenue is expected to grow, increasing an annualized 6.2% to... Learn More

8. Hotels & Motels in Canada

Profit Margin 2025: 18.5%

Hotels and motels have benefited from rising incomes and population growth in recent years as consumers spent freely on vacations and hotel stays. But, when COVID-19 shut down tourism, hotel rooms were left empty, creating long-lasting financial and operational challenges. A travel slump through early-2021 left the industry struggling, as bookings stayed at a fraction of what they were in 2019. Yet, long periods at home left consumers with savings and pent-up demand to spend on trips as travel restrictions lifted. While enormous demand for travel led to a rapid recovery at hotels between 2022 and 2023, supply chain disruptions... Learn More

9. Chocolate Production in Canada

Profit Margin 2025: 18.0%

Canadian chocolate producers transform raw materials, such as cacao beans, sugar and milk, into various products, including chocolate bars, stuffed chocolates and premium chocolate boxes. Demand has fluctuated due to strong disposable income, increased health consciousness and volatile input prices. Chocolate producers have benefited from greater demand for premium chocolates and steady export growth. Rising discretionary spending has bolstered chocolate producers considerably. Rising chocolate prices have weighed on demand in recent years, as major players bolster profit via more expensive chocolates. Industry revenue is expected to decrease at a CAGR of 1.2% to $2.6 billion through the end of 2023,... Learn More

10. Home Care Providers in Canada

Profit Margin 2025: 16.1%

The Home Care Providers industry in Canada has grown, with a multitude of diverse companies offering services to growing healthcare markets. Operators cater largely to the elderly population, which is growing at a rate exceeding the national population growth rate, and to individuals suffering from chronic illnesses and disabilities. As operators have expanded their service offerings, they have become an attractive alternative to institutionalized healthcare settings, such as hospitals and rehabilitative centres, which are generally less personal and more expensive. Consequently, industry revenue is projected to have increased at a CAGR of 5.5% to reach $7.1 billion in 2023, when... Learn More