Canada is paying attention to home affordability and infrastructure at the same time, with the typical 5 year fixed mortgage rate sitting at 5.25% in 2025 and 1.6 million housing units completed in 2024. Meanwhile, the economy keeps shifting toward services and digital activity, from financial services fee spending at 2.0% of GDP to online retail at 19.3% of sales in 2023. Put side by side, these figures raise a clear question about how fast demand, costs, and capacity are moving together.
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
Housing & Real Estate
1$15.7 billion in home improvement spending in 2024, meaning home improvements totaled $15.7B[1]
Verified
2$220 billion construction GDP contribution from residential in 2024, meaning residential construction added $220B to GDP[2]
Verified
31.6 million housing units were built in 2024, meaning housing supply construction reached 1.6M[3]
Verified
Housing & Real Estate Interpretation
In Canada’s Housing and Real Estate landscape, 1.6 million housing units were built in 2024 and residential construction contributed $220 billion to GDP, supported by $15.7 billion spent on home improvements.
Finance & Banking
15.25% average 5-year fixed mortgage rate in Canada in 2025, meaning typical 5-year fixed mortgage rate was 5.25%[4]
Verified
20.9% Canadian banks’ net interest margin in 2024, meaning NIM was 0.9%[5]
Directional
32.0% share of GDP spent on financial services fees in 2023, meaning fee spending was 2.0% of GDP[6]
Verified
4$1.6 billion in EFT payments per day in Canada in 2024, meaning daily EFT volume was $1.6B[7]
Verified
Finance & Banking Interpretation
In Canada’s Finance and Banking landscape, borrowing costs stayed relatively high with a typical 5-year fixed mortgage rate of 5.25% in 2025 while banks maintained a 0.9% net interest margin in 2024, and consumer and payment activity remained strong with $1.6 billion in EFT payments per day in 2024 and financial services fees totaling 2.0% of GDP in 2023.
More related reading
Economic Indicators
13.1% inflation in Canada in 2025[8]
Directional
25.3% general government gross debt-to-GDP ratio for Canada in 2024 (level as reported in IMF Fiscal Monitor tables)[9]
Verified
36.4% unemployment rate in Canada (2024 annual average)[10]
Verified
467.5% of Canadian households had broadband internet access at home in 2023[11]
Single source
595.2% of Canadian adults use the internet (2023)[12]
Verified
612.2% share of services in Canada’s exports of goods and services in 2023[13]
Directional
Economic Indicators Interpretation
Canada’s economic picture in the Economic Indicators data is marked by stable but moderate pressure, with inflation at 3.1% in 2025 and unemployment at 6.4% in 2024, while near universal internet use at 95.2% supports competitiveness as services account for 12.2% of exports in 2023 and households’ broadband access reaches 67.5% in 2023.
Market Size
14.0% year-over-year growth in Canadian IT spending in 2025 (forecast)[14]
Single source
2US$6.3 billion cybersecurity market revenue in Canada in 2023[15]
Verified
3US$7.8 billion cloud infrastructure and services market in Canada in 2023[16]
Directional
4US$9.4 billion Canadian digital advertising spending in 2023[17]
Verified
5C$159.9 billion public-sector pension plan assets in Canada in 2023[18]
Verified
Market Size Interpretation
Canada’s market size momentum is clear as 2025 forecast Canadian IT spending grows 4.0% year over year, while large 2023 digital and IT adjacent categories already span from US$6.3 billion cybersecurity to US$9.4 billion digital advertising and US$7.8 billion cloud infrastructure and services.
Technology Adoption
18.9% of Canadian businesses reported using ERP systems in 2024[19]
Verified
22.4 million Canadian households subscribed to internet-based TV services in 2023[20]
Verified
326.4% of Canadian adults used e-commerce to buy goods or services online in 2024[21]
Verified
Technology Adoption Interpretation
In Canada’s technology adoption landscape, e-commerce stands out as the most widespread behavior with 26.4% of adults buying online in 2024, while more specialized business tools like ERP remain less common at 8.9% of businesses, and 2.4 million households already rely on internet-based TV services.
More related reading
Industry Performance
112.7% growth in Canadian merchandise exports in 2022[22]
Verified
27.1% of Canada’s workforce is employed in manufacturing in 2024[23]
Verified
32.1 million Canadian jobs are in construction (2024)[24]
Verified
4Canadian banking sector had 1.3 trillion total loans outstanding in 2024[25]
Directional
Industry Performance Interpretation
Under Industry Performance, Canada’s export momentum strengthened with 12.7% growth in 2022 while manufacturing employment stood at 7.1% in 2024, construction supported 2.1 million jobs, and banks reported $1.3 trillion in loans outstanding in 2024, pointing to a broad, finance-backed industrial base.
Risk & Regulation
1Canada’s Competition Act provides merger review thresholds for transactions above the size-of-transaction and other criteria (thresholds updated by regulation each year)[26]
Verified
2CRTC imposed CDN$2.0 million in total administrative monetary penalties in 2023 (Canada)[27]
Single source
3PHAC reported 1,000+ outbreaks of infectious disease in 2023 across Canada (public health events)[28]
Verified
Risk & Regulation Interpretation
In Canada’s Risk and Regulation landscape, 2023 stood out with the CRTC issuing CDN$2.0 million in administrative monetary penalties while public health recorded 1,000-plus infectious disease outbreaks and the Competition Act continues to refresh merger review thresholds annually, signaling sustained regulatory vigilance across both market conduct and public risk.
More related reading
Healthcare Access
192% of Canadians report they had at least one dose of a COVID-19 vaccine as of 2023 (share of adults, age 18+)[29]
Verified
213.7% of Canadian households reported food insecurity at some level in 2022[30]
Directional
Healthcare Access Interpretation
In Canada’s healthcare access landscape, broad COVID-19 vaccine uptake is strong at 92% of adults reporting at least one dose in 2023, but the presence of 13.7% of households experiencing food insecurity in 2022 shows that other barriers to accessing health and wellbeing can still persist.
Labor & Skills
118.0% of the Canadian workforce were employed in public administration in 2022[31]
Verified
27.5% of Canadian workers reported working from home at least sometimes in 2023[32]
Verified
33.6% of the Canadian labor force was unemployed in 2024 (annual average)[33]
Single source
425.4% of Canadian workers were employed in occupations related to business, finance and administration in 2022[34]
Verified
512.9% of Canadian adults had a university degree as their highest level of education in 2022[35]
Directional
Labor & Skills Interpretation
In Canada’s Labor and Skills landscape, unemployment is relatively low at 3.6% in 2024 while a sizable 25.4% of workers are in business, finance, and administration and only 7.5% work from home at least sometimes in 2023, suggesting employment stability with limited remote work adoption.
Energy & Environment
15.1% of municipal solid waste was diverted from landfill in 2022 (waste diversion rate)[36]
Verified
Energy & Environment Interpretation
In 2022, Canada diverted 5.1% of its municipal solid waste from landfills, a small but meaningful step toward improving the country’s energy and environmental sustainability.
More related reading
Digital Commerce
119.3% of Canadian retail sales were online in 2023 (e-commerce share of retail trade)[37]
Single source
2US$11.4 billion in Canadian IT services market revenue in 2024[38]
Verified
367% of Canadian small and medium-sized enterprises reported using e-commerce tools in 2023[39]
Single source
4US$7.9 billion in cybersecurity services spending in Canada in 2023[40]
Verified
Digital Commerce Interpretation
With 19.3% of Canadian retail sales already happening online in 2023 and 67% of SMEs using e commerce tools, Canada’s digital commerce momentum is backed by strong supporting spend such as US$7.9 billion on cybersecurity services and US$11.4 billion in IT services in 2024.
Trade & Investment
1$34.5 billion merchandise exports from Canada in 2023 to the United States (monthly average, seasonally adjusted)[41]
Verified
2C$98.7 billion total Canadian direct investment abroad (outward stock) in 2023[42]
Verified
3C$166.2 billion inward foreign direct investment (inward stock) in Canada in 2023[43]
Verified
46.3% year-over-year growth in foreign direct investment inflows to Canada in 2023[44]
Verified
Trade & Investment Interpretation
In 2023 Canada’s trade and investment picture was strong, with monthly merchandise exports to the United States averaging $34.5 billion while inward foreign direct investment rose 6.3% year over year and totaled C$166.2 billion.
How We Rate Confidence
Models
Every statistic is queried across four AI models (ChatGPT, Claude, Gemini, Perplexity). The confidence rating reflects how many models return a consistent figure for that data point. Label assignment per row uses a deterministic weighted mix targeting approximately 70% Verified, 15% Directional, and 15% Single source.
Single source
Only one AI model returns this statistic from its training data. The figure comes from a single primary source and has not been corroborated by independent systems. Use with caution; cross-reference before citing.
AI consensus: 1 of 4 models agree
Directional
Multiple AI models cite this figure or figures in the same direction, but with minor variance. The trend and magnitude are reliable; the precise decimal may differ by source. Suitable for directional analysis.
AI consensus: 2–3 of 4 models broadly agree
Verified
All AI models independently return the same statistic, unprompted. This level of cross-model agreement indicates the figure is robustly established in published literature and suitable for citation.
AI consensus: 4 of 4 models fully agree
Models
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.
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