Canada Facility Management Market Size

Canada Facility Management Market Analysis

The Canadian facility management market is expected to register a CAGR of 8.83% during the forecast period of 2022 - 2027.

• Rapid urbanization and immigration of skilled labor from across the globe increased the investments in co-living and office spaces in the country. According to Canadian Real Estate Association, as of April 2022, the actual national home sales price increased by 11.2% year on year in March 2020 as compared to last year.
• Furthermore, the booming Internet of Things (IoT) market, integration of facility management in building design, and increasing demand for cyber and information security management are expected to positively influence the Canadian facility management market in the coming years.
• Leading companies are integrating such technologies with their facility management solutions to improve productivity, thus reducing the cost of operations. For instance, in April 2022, Visionstate Corp. further upgraded its application with IoT, which is quickly gaining traction in the facility management sector under the branded name WANDA. It is a mobile application incorporating QR code functionality that tracks cleaning and maintenance activities and measures those activities against new and more stringent protocols.
• The Canadian market is expected to face challenges due to demographic changes affecting the number of active skilled workers. Travel restrictions throughout most of 2020 and 2021 delayed the processing of overseas applications, which led to an increase in the size of the processing inventory. As a result of the temporary pause, the federal high-skilled processing inventory has been cut by more than half, decreasing from approximately 111,900 people in September 2021 to just 48,000 people by March 2022.