Canada completed 1.6 million housing units. Residential construction added 220 billion dollars to GDP. A typical five year fixed mortgage rate reached 5.25 percent while unemployment stood at 6.4 percent.
Key Takeaways
- $15.7 billion in home improvement spending in 2024, meaning home improvements totaled $15.7B
- $220 billion construction GDP contribution from residential in 2024, meaning residential construction added $220B to GDP
- 1.6 million housing units were built in 2024, meaning housing supply construction reached 1.6M
- 5.25% average 5-year fixed mortgage rate in Canada in 2025, meaning typical 5-year fixed mortgage rate was 5.25%
- 0.9% Canadian banks’ net interest margin in 2024, meaning NIM was 0.9%
- 2.0% share of GDP spent on financial services fees in 2023, meaning fee spending was 2.0% of GDP
- 3.1% inflation in Canada in 2025
- 5.3% general government gross debt-to-GDP ratio for Canada in 2024 (level as reported in IMF Fiscal Monitor tables)
- 6.4% unemployment rate in Canada (2024 annual average)
- 4.0% year-over-year growth in Canadian IT spending in 2025 (forecast)
- US$6.3 billion cybersecurity market revenue in Canada in 2023
- US$7.8 billion cloud infrastructure and services market in Canada in 2023
- 8.9% of Canadian businesses reported using ERP systems in 2024
- 2.4 million Canadian households subscribed to internet-based TV services in 2023
- 26.4% of Canadian adults used e-commerce to buy goods or services online in 2024
Canada saw 2024 home improvement and residential construction support housing supply, amid steady borrowing costs.
Related reading
01 · Category
Housing & Real Estate3 stats
01
$15.7 billion in home improvement spending in 2024, meaning home improvements totaled $15.7B
02
$220 billion construction GDP contribution from residential in 2024, meaning residential construction added $220B to GDP
03
1.6 million housing units were built in 2024, meaning housing supply construction reached 1.6M
Interpretation
Housing & Real Estate Interpretation
In Canada’s Housing and Real Estate landscape, strong momentum is evident in 2024 as 1.6 million housing units were built alongside $220 billion in residential construction GDP contribution and $15.7 billion in home improvement spending.
02 · Category
Finance & Banking4 stats
01
5.25% average 5-year fixed mortgage rate in Canada in 2025, meaning typical 5-year fixed mortgage rate was 5.25%
02
0.9% Canadian banks’ net interest margin in 2024, meaning NIM was 0.9%
03
2.0% share of GDP spent on financial services fees in 2023, meaning fee spending was 2.0% of GDP
04
$1.6 billion in EFT payments per day in Canada in 2024, meaning daily EFT volume was $1.6B
Interpretation
Finance & Banking Interpretation
In Finance and Banking, Canadians are facing a relatively high 5.25% typical 5-year fixed mortgage rate in 2025 while banks’ net interest margin stays at 0.9% in 2024, even as financial services fees amount to 2.0% of GDP in 2023 and EFT payments reach $1.6 billion per day in 2024.
03 · Category
Economic Indicators6 stats
01
3.1% inflation in Canada in 2025
02
5.3% general government gross debt-to-GDP ratio for Canada in 2024 (level as reported in IMF Fiscal Monitor tables)
03
6.4% unemployment rate in Canada (2024 annual average)
04
67.5% of Canadian households had broadband internet access at home in 2023
05
95.2% of Canadian adults use the internet (2023)
06
12.2% share of services in Canada’s exports of goods and services in 2023
Interpretation
Economic Indicators Interpretation
Canada’s Economic Indicators point to a relatively stable macro picture with moderate 3.1% inflation in 2025 and a 6.4% unemployment rate in 2024, alongside strong digital connectivity where 95.2% of adults use the internet and 67.5% of households have broadband, which supports competitiveness even as services account for a sizable 12.2% of exports.
04 · Category
Market Size5 stats
01
4.0% year-over-year growth in Canadian IT spending in 2025 (forecast)
02
US$6.3 billion cybersecurity market revenue in Canada in 2023
03
US$7.8 billion cloud infrastructure and services market in Canada in 2023
04
US$9.4 billion Canadian digital advertising spending in 2023
05
C$159.9 billion public-sector pension plan assets in Canada in 2023
Interpretation
Market Size Interpretation
Canada’s market size signal is strong with 2023 digital and tech spending totaling about US$33.5 billion across cybersecurity, cloud infrastructure, and digital advertising, plus C$159.9 billion in public sector pension assets in 2023 and a projected 4.0% year over year rise in Canadian IT spending in 2025, indicating expanding demand and budget strength for technology and digital services.
05 · Category
Technology Adoption3 stats
01
8.9% of Canadian businesses reported using ERP systems in 2024
02
2.4 million Canadian households subscribed to internet-based TV services in 2023
03
26.4% of Canadian adults used e-commerce to buy goods or services online in 2024
Interpretation
Technology Adoption Interpretation
In Canada’s technology adoption landscape, only 8.9% of businesses are using ERP systems while 26.4% of adults already shop online and 2.4 million households subscribe to internet-based TV, suggesting consumer-facing digital uptake is moving faster than core enterprise systems.
06 · Category
Industry Performance4 stats
01
12.7% growth in Canadian merchandise exports in 2022
02
7.1% of Canada’s workforce is employed in manufacturing in 2024
03
2.1 million Canadian jobs are in construction (2024)
04
Canadian banking sector had 1.3 trillion total loans outstanding in 2024
Interpretation
Industry Performance Interpretation
Industry performance in Canada looks solid as merchandise exports rose 12.7% in 2022 while manufacturing still employs 7.1% of the workforce in 2024 and construction supports 2.1 million jobs, with the banking sector holding 1.3 trillion in loans outstanding in 2024.
More related reading
07 · Category
Risk & Regulation3 stats
01
Canada’s Competition Act provides merger review thresholds for transactions above the size-of-transaction and other criteria (thresholds updated by regulation each year)
02
CRTC imposed CDN$2.0 million in total administrative monetary penalties in 2023 (Canada)
03
PHAC reported 1,000+ outbreaks of infectious disease in 2023 across Canada (public health events)
Interpretation
Risk & Regulation Interpretation
From merger reviews under Competition Act thresholds to the CRTC’s CDN$2.0 million in administrative penalties and PHAC’s 1,000 plus infectious disease outbreaks in 2023, Canada’s Risk and Regulation landscape shows regulators actively enforcing rules across both markets and public health at a high frequency.
08 · Category
Healthcare Access2 stats
01
92% of Canadians report they had at least one dose of a COVID-19 vaccine as of 2023 (share of adults, age 18+)
02
13.7% of Canadian households reported food insecurity at some level in 2022
Interpretation
Healthcare Access Interpretation
In Canada’s healthcare access landscape, COVID-19 vaccination uptake is high with 92% of adults having received at least one dose as of 2023, yet food insecurity still affects 13.7% of households in 2022, signaling that access barriers can extend beyond medical services.
09 · Category
Labor & Skills5 stats
01
18.0% of the Canadian workforce were employed in public administration in 2022
02
7.5% of Canadian workers reported working from home at least sometimes in 2023
03
3.6% of the Canadian labor force was unemployed in 2024 (annual average)
04
25.4% of Canadian workers were employed in occupations related to business, finance and administration in 2022
05
12.9% of Canadian adults had a university degree as their highest level of education in 2022
Interpretation
Labor & Skills Interpretation
In Canada’s Labor and Skills landscape, unemployment stayed low with 3.6% of the labor force unemployed in 2024 while education and work patterns leaned toward formal qualifications and administrative work, with 12.9% of adults holding a university degree and 25.4% employed in business, finance, and administration in 2022.
10 · Category
Energy & Environment1 stats
01
5.1% of municipal solid waste was diverted from landfill in 2022 (waste diversion rate)
Interpretation
Energy & Environment Interpretation
In Canada’s Energy and Environment landscape, 5.1% of municipal solid waste was diverted from landfill in 2022, showing a modest but measurable shift away from disposal.
11 · Category
Digital Commerce4 stats
01
19.3% of Canadian retail sales were online in 2023 (e-commerce share of retail trade)
02
US$11.4 billion in Canadian IT services market revenue in 2024
03
67% of Canadian small and medium-sized enterprises reported using e-commerce tools in 2023
04
US$7.9 billion in cybersecurity services spending in Canada in 2023
Interpretation
Digital Commerce Interpretation
In Canada’s digital commerce landscape, online sales reached 19.3% of retail in 2023 while 67% of SMEs used e-commerce tools, underscoring that adoption is growing even as Canada spends US$7.9 billion on cybersecurity services to protect this fast-expanding activity.
12 · Category
Trade & Investment4 stats
01
$34.5 billion merchandise exports from Canada in 2023 to the United States (monthly average, seasonally adjusted)
02
C$98.7 billion total Canadian direct investment abroad (outward stock) in 2023
03
C$166.2 billion inward foreign direct investment (inward stock) in Canada in 2023
04
6.3% year-over-year growth in foreign direct investment inflows to Canada in 2023
Interpretation
Trade & Investment Interpretation
In the Trade and Investment picture, Canada’s cross-border merchandise exports averaged $34.5 billion per month to the United States in 2023 while foreign direct investment inflows grew 6.3% year over year and inbound foreign direct investment stock reached C$166.2 billion, signaling strong external demand and continued investor interest.
report visual · Key figures
Canada: Key indicators snapshot
Canada’s housing, construction, and financial conditions show distinct signals—activity levels, digital adoption, and macro pressure captured across different sectors.
1.6
1.6 million housing units were built in 2024, meaning housing supply construction reached 1.6M
$220 billion
$220 billion construction GDP contribution from residential in 2024, meaning residential construction added $220B to GDP
5.25%
5.25% average 5-year fixed mortgage rate in Canada in 2025, meaning typical 5-year fixed mortgage rate was 5.25%
3.1%
3.1% inflation in Canada in 2025
95.2%
95.2% of Canadian adults use the internet (2023)
19.3%
19.3% of Canadian retail sales were online in 2023 (e-commerce share of retail trade)
source-verifiedwww150.statcan.gc.ca · bankofcanada.ca · imf.org · oecd.org2025
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Aisha Okonkwo. (2026, February 13). Canada Statistics. Gitnux. https://gitnux.org/canada-statistics
MLA
Aisha Okonkwo. "Canada Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/canada-statistics.
Chicago
Aisha Okonkwo. 2026. "Canada Statistics." Gitnux. https://gitnux.org/canada-statistics.
Sources & references
44 datasets cited across this report · attribution is report-level
www150.statcan.gc.ca
bankofcanada.ca
payments.ca
imf.org
oecd.orgstats.oecd.org
gartner.com
statista.com
wto.org
bis.org
ised-isde.canada.cacrtc.gc.cahealth-infobase.canada.caic.gc.ca
unctad.org
+29 additional datasets cited (not shown individually)