Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Industries with the Largest Number of Businesses in Canada in 2020
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View a list of the Top 25 industries with the largest number of businessesNumber of Businesses for 2020: 487,424
The Apartment Rental industry in Canada has grown over the five years to 2020. Industry operators collect rent income from properties they lease, where the rates they charge are largely determined by market forces. The supply of apartment rentals has grown at a slower pace than demand, which has elevated rental rates to the benefit of the industry. Favourable economic conditions and demographic trends during the majority of the period have driven this growth in demand, leading to low vacancy rates. These factors, in an environment of rising real estate values and sterner mortgage restrictions, have fuelled revenue growth. As... Learn More
Number of Businesses for 2020: 86,451
The Real Estate Sales and Brokerage industry in Canada is closely aligned with the health of the Canadian real estate market and is expected to thrive over the five years to 2019. Industry revenue typically rises with property prices and real estate transaction volumes as real estate agents are paid on a commission basis and receive their fee only when they close a deal. Over the past five years, a growing, aging, urbanizing and progressively wealthy Canadian population boosted demand for residential properties. These fundamentals increased demand for real estate brokers and pushed up housing prices, leading to higher industry... Learn More
Number of Businesses for 2020: 86,318
The IT Consulting industry in Canada is composed of companies that help private businesses and public sector agencies design, implement and manage information technology (IT) systems. Demand for industry services is positively affected by growth in corporate profit and business sentiment. As these drivers strengthen, companies increase expenditure on industry services. However, since corporate profit levels decreased in recent years, demand for industry services was hindered. In addition, over the five years to 2020, there has been a significant degree of technological change due to the increasing prevalence of cloud-based services, mobile applications and other cutting-edge software. These technological changes... Learn More
Number of Businesses for 2020: 86,104
The Management Consulting industry in Canada is composed of companies that provide consulting services to private businesses and the public sector. These advisory services are tailored to provide strategic, financial, marketing, operational and supply chain management consulting services. Managing the expansions and contractions of the business cycle often requires assistance from consultants. For instance, businesses partake in mergers and acquisitions, joint ventures, divestitures and initial public offerings based on their expectations of what the future holds. Management consultants are often a key cog in shaping this expectation.The five years to 2019 were characterized by significant economic upheaval, as the price of commodities collapsed multiple... Learn More
Number of Businesses for 2020: 83,590
The Primary Care Doctors industry in Canada, which encompasses general practitioners who provide a comprehensive first point of contact and continued care to patients, has exhibited moderate and largely steady growth over the five years to 2020. Demand for primary care services has grown organically due to demographic changes, such as the aging of the population. Due to the significant uptick in birth rates between 1946 and 1965, as well as medical advancements that have boosted life expectancy, the number of seniors has increased in recent years. With the incidence of degenerative medical conditions increasing with age, the older population... Learn More
Number of Businesses for 2020: 53,399
The Beef Cattle Production industry in Canada has not been able to match its historic peak in 2014 over the five years to 2020, although cattle prices and profit have remained high. Overall, cattle herd numbers have fallen while demand for beef has remained relatively consistent. This constrained supply has caused a massive spike in cattle prices as downstream food producers have tried to meet demand for beef. The average price of cattle and calves considerably increased in 2014 and 2015, and industry revenue grew to levels above $16.0 billion. However, prices began to fall as these capacity restraints were... Learn More
Number of Businesses for 2020: 51,409
The Homebuilders industry in Canada constructs homes in which units are separated by walls and typically have no units above or below them. Over the five years to 2019, the industry suffered from weak economic growth brought on by the rapid decrease in commodity prices, a staple of the Canadian economy. With the energy sector accounting for an estimated 1.2% of total employment in the country, and with many other employees indirectly affected by its health, the steep reduction in oil prices subdued any growth in wages. Housing starts directly affect demand for industry services, and fluctuations in housing starts... Learn More
Number of Businesses for 2020: 41,886
The Long-Distance Freight Trucking industry in Canada is expected to experience marginal growth at an annualized rate of 0.4% to reach $26.4 billion over the five years to 2020. As economic conditions began to recover after a decline in global commodity prices in late 2014, industrial, retail and trade activity have climbed for a majority of the current period. The need to move goods between manufacturers and retailers has increased, boosting demand for industry services. However, the economic ramifications stemming from the COVID-19 (coronavirus) pandemic is expected to cause a decline of 16.0% in industry revenue in 2020. This can... Learn More
Number of Businesses for 2020: 40,146
The Taxi and Limousine Services industry in Canada provides a range of nonregular transportation services through vehicles such as taxicabs, limousines and luxury sedans. The industry has experienced slight revenue growth over the five years to 2019. In recent years, declining consumer spending sparked demand for taxis and limousines. However, the proliferation of ride-sharing applications, such as Uber and Lyft, has enabled a wave of nonemployers to enter the market, increasing external competition. As a result, industry revenue is estimated to increase at an annualized rate of 0.7% to $2.4 billion over the five years to 2019. This includes revenue... Learn More
Number of Businesses for 2020: 39,997
The Day Care industry in Canada provides care for infants or young children that are typically under the age of five. Additionally, operators may offer prekindergarten programs and care for older children when they are not in school. Over the five years to 2020, increased government consumption and investment and the rising number of women in the workforce have driven industry demand. As the maternal labour participation rate increases, fewer parents are available to take care of infants, toddlers and preschool-aged children. In addition, government subsidies have been critical in enabling families to afford the cost of day care. Nevertheless,... Learn More
Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Industries with the Highest Labor Costs in Canada in 2020
VIEW ARTICLEBased on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Industries with the Highest Profit Margin in Canada in 2020
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