$29.8bn
$X.Xbn
89,922
53,165
$X.Xbn
Homebuilders have endured considerable volatility over the past five 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 behaviour 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. Interest rate hikes in 2022 and 2023 slowed new relevant housing construction, spurring apartment building construction as consumers increasingly sought out renting. Also, the First Time Homebuyer Incentive, which seemed like a potential boon to homebuilders, largely lacked success and was repealed. Industry-wide revenue has been declining at a CAGR of 1.9% over the past five years – totalling an estimated $29.8 billion in 2024 – when revenue will climb an estimated 2.1%.
Industry revenue has declined at a CAGR of 1.9 % over the past five years, to reach an estimated $29.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Mattamy Group | 1,657.2 | 209.3 | 12.6 | |
Minto Group | 1,298.0 | 69.4 | 5.3 | |
Brookfield Residential Properties | 427.5 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Single-unit home construction, Semi-detached home construction and Row home construction. Single-unit home construction is the largest segment of the Homebuilders in Canada.
Interest rates and high material costs deter single-unit home construction
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.
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NAICS 236110 - Homebuilders in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Learn about the performance of the top companies in the industry.
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Including values and annual change:
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Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Homebuilders industry in Canada is $29.8bn in 2024.
There are 53,165 businesses in the Homebuilders industry in Canada, which has grown at a CAGR of 2.1 % between 2019 and 2024.
The market size of the Homebuilders industry in Canada has been declining at a CAGR of 1.9 % between 2019 and 2024.
Over the next five years, the Homebuilders industry in Canada is expected to grow.
The biggest companies operating in the Homebuilders market in Canada are Mattamy Group, Minto Group and Brookfield Residential Properties
Single-family homebuilding and general contracting and Managing single-family housing construction are part of the Homebuilders industry.
The company holding the most market share in Canada is Mattamy Group.
The level of competition is high and steady in the Homebuilders industry in Canada.