Moving Services in Canada - Market Research Report (2014-2029)

Boxed up: Rebounding interest rates and a cooling housing market may hurting industry growth prospects

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Moving companies in Canada, which provide relocation services to households, governments and commercial clients, have experienced modest growth in recent years. While steady economic expansion has supported revenue growth, volatile corporate profit and oil prices have limited commercial demand for moving services. Revenue has been buoyed by an improvement in the Canadian housing market, particularly with low interest rates in the wake of the COVID-19 pandemic. Revenue is estimated to grow at a CAGR of 2.0% to $1.4 billion over the five years to 2023. This includes an expected increase of 0.5% in 2023 as the housing market has cooled because of high inflation, which has boosted interest rates.

The Moving Services industry in Canada provides moving and relocation services, including trucking and shipping of household, institutional and commercial goods.