Canada Real Estate and Co-Living Spaces Market

The Canada real estate and co-living spaces market, valued at USD 200 billion, is growing due to urbanization, affordable housing needs, and co-living popularity among young professionals and students.

Region:North America

Author(s):Rebecca

Product Code:KRAA5368

Pages:87

Published On:September 2025

About the Report

Base Year 2024

Canada Real Estate and Co-Living Spaces Market Overview

  • The Canada Real Estate and Co-Living Spaces Market is valued at USD 200 billion, based on a five-year historical analysis. This growth is primarily driven by urbanization, increasing demand for affordable housing, and a shift towards co-living arrangements among younger demographics. The rise in remote work has also contributed to the demand for flexible living spaces, making co-living an attractive option for many.
  • Key cities dominating this market include Toronto, Vancouver, and Montreal. Toronto's diverse economy and high population density create a strong demand for housing, while Vancouver's scenic appeal and lifestyle attract young professionals. Montreal's affordability and vibrant culture make it a popular choice for students and young adults, further driving the co-living trend.
  • In 2023, the Canadian government implemented new regulations aimed at enhancing tenant protections and promoting affordable housing initiatives. This includes measures to limit rent increases and ensure that a portion of new developments is allocated for low-income housing, thereby addressing the growing housing crisis in urban areas.
Canada Real Estate and Co-Living Spaces Market Size

Canada Real Estate and Co-Living Spaces Market Segmentation

By Type:The market is segmented into various types, including Shared Apartments, Private Rooms, Co-Working Spaces, Student Housing, Senior Living Communities, Luxury Co-Living Spaces, and Others. Among these, Shared Apartments and Student Housing are particularly prominent due to the increasing number of young professionals and students seeking affordable living arrangements in urban areas. The demand for Co-Working Spaces has also surged as remote work becomes more prevalent, allowing for flexible living and working environments.

Canada Real Estate and Co-Living Spaces Market segmentation by Type.

By End-User:The end-user segmentation includes Young Professionals, Students, Remote Workers, and Families. Young Professionals and Students are the dominant segments, driven by the need for affordable and flexible living arrangements in urban centers. The trend towards co-living is particularly appealing to these groups, as it fosters community living and provides access to shared amenities, which are essential for their lifestyle.

Canada Real Estate and Co-Living Spaces Market segmentation by End-User.

Canada Real Estate and Co-Living Spaces Market Competitive Landscape

The Canada Real Estate and Co-Living Spaces Market is characterized by a dynamic mix of regional and international players. Leading participants such as Brookfield Asset Management, Tricon Residential, Dream Unlimited Corp., Minto Group Inc., The Daniels Corporation, QuadReal Property Group, Boardwalk Real Estate Investment Trust, CAPREIT, Homestead Land Holdings Limited, The Living Group, O2 Housing, Roomi, Common, WeLive, The Collective contribute to innovation, geographic expansion, and service delivery in this space.

Brookfield Asset Management

1899

Toronto, Canada

Tricon Residential

1988

Toronto, Canada

Dream Unlimited Corp.

1994

Toronto, Canada

Minto Group Inc.

1955

Ottawa, Canada

The Daniels Corporation

1983

Toronto, Canada

Company

Establishment Year

Headquarters

Group Size (Large, Medium, or Small as per industry convention)

Occupancy Rate

Revenue Growth Rate

Customer Satisfaction Score

Pricing Strategy

Market Penetration Rate

Canada Real Estate and Co-Living Spaces Market Industry Analysis

Growth Drivers

  • Urbanization Trends:Canada’s urban population is projected to reach 39 million in future, accounting for approximately 84% of the total population. This rapid urbanization drives demand for housing, particularly in metropolitan areas like Toronto and Vancouver, where the population density is increasing. The influx of residents into urban centers necessitates innovative housing solutions, such as co-living spaces, which cater to diverse demographics seeking affordable and flexible living arrangements.
  • Demand for Affordable Housing:The average home price in Canada reached CAD 755,000 in future, making homeownership increasingly unattainable for many. This situation has intensified the demand for affordable housing options, particularly among millennials and young professionals. Co-living spaces, which offer lower rental costs and shared amenities, are becoming a viable alternative, addressing the urgent need for affordable living solutions in high-demand urban areas.
  • Rise of Remote Work:The shift towards remote work has led to a 32% increase in demand for flexible living arrangements, as individuals seek homes that accommodate both work and leisure. In future, approximately 27% of Canadian workers are expected to work remotely at least part-time. This trend is driving interest in co-living spaces that provide communal work areas and foster collaboration, appealing to professionals who value both community and convenience in their living environments.

Market Challenges

  • Regulatory Hurdles:The real estate sector in Canada faces significant regulatory challenges, including complex zoning laws and building codes that vary by province. For instance, in Ontario, the approval process for new housing developments can take up to 20 months, delaying the introduction of co-living spaces. These regulatory barriers hinder the ability of developers to respond swiftly to market demands, ultimately impacting the availability of affordable housing options.
  • Economic Uncertainty:Canada’s economy is projected to grow at a modest rate of 1.7% in future, influenced by global economic conditions and inflationary pressures. This uncertainty can lead to reduced consumer confidence and spending, affecting the real estate market. Investors may hesitate to finance new co-living projects, fearing that economic fluctuations could impact occupancy rates and rental income, thereby stalling potential growth in this sector.

Canada Real Estate and Co-Living Spaces Market Future Outlook

The future of the Canada real estate and co-living spaces market appears promising, driven by evolving consumer preferences and demographic shifts. As urbanization continues, the demand for innovative housing solutions will likely increase, particularly in major cities. Additionally, the integration of smart technologies and sustainable practices will enhance the appeal of co-living spaces, attracting environmentally conscious consumers. The collaboration between private developers and local governments may further facilitate the growth of this sector, addressing housing shortages effectively.

Market Opportunities

  • Technological Integration:The incorporation of smart home technologies in co-living spaces can enhance tenant experiences and operational efficiency. With an estimated 55% of new homes expected to feature smart technologies in future, developers can leverage this trend to attract tech-savvy renters seeking modern amenities and convenience in their living environments.
  • Investment in Green Buildings:The Canadian government aims to reduce greenhouse gas emissions by 45% in future, creating opportunities for developers to invest in green building initiatives. Co-living spaces that prioritize sustainability and energy efficiency can appeal to environmentally conscious consumers, potentially increasing occupancy rates and attracting investment in this growing market segment.

Scope of the Report

SegmentSub-Segments
By Type

Shared Apartments

Private Rooms

Co-Working Spaces

Student Housing

Senior Living Communities

Luxury Co-Living Spaces

Others

By End-User

Young Professionals

Students

Remote Workers

Families

By Price Range

Budget

Mid-Range

Premium

By Location

Urban Centers

Suburban Areas

Rural Areas

By Amenities Offered

Furnished Units

Utilities Included

Community Events

By Duration of Stay

Short-Term Rentals

Long-Term Rentals

By Service Model

Managed Co-Living

Self-Managed Co-Living

Hybrid Models

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Canada Mortgage and Housing Corporation, Municipal Governments)

Real Estate Developers

Property Management Companies

Co-Living Space Operators

Urban Planners and City Officials

Financial Institutions

Real Estate Investment Trusts (REITs)

Players Mentioned in the Report:

Brookfield Asset Management

Tricon Residential

Dream Unlimited Corp.

Minto Group Inc.

The Daniels Corporation

QuadReal Property Group

Boardwalk Real Estate Investment Trust

CAPREIT

Homestead Land Holdings Limited

The Living Group

O2 Housing

Roomi

Common

WeLive

The Collective

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. Canada Real Estate and Co-Living Spaces Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 Canada Real Estate and Co-Living Spaces Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. Canada Real Estate and Co-Living Spaces Market Analysis

3.1 Growth Drivers

3.1.1 Urbanization Trends
3.1.2 Demand for Affordable Housing
3.1.3 Rise of Remote Work
3.1.4 Sustainability Initiatives

3.2 Market Challenges

3.2.1 Regulatory Hurdles
3.2.2 Economic Uncertainty
3.2.3 Competition from Traditional Housing
3.2.4 Financing Difficulties

3.3 Market Opportunities

3.3.1 Technological Integration
3.3.2 Expansion of Co-Living Concepts
3.3.3 Partnerships with Local Governments
3.3.4 Investment in Green Buildings

3.4 Market Trends

3.4.1 Increased Demand for Flexible Living Spaces
3.4.2 Growth of Community-Centric Developments
3.4.3 Integration of Smart Home Technologies
3.4.4 Focus on Health and Wellness Amenities

3.5 Government Regulation

3.5.1 Zoning Laws
3.5.2 Rent Control Policies
3.5.3 Building Codes
3.5.4 Environmental Regulations

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. Canada Real Estate and Co-Living Spaces Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. Canada Real Estate and Co-Living Spaces Market Segmentation

8.1 By Type

8.1.1 Shared Apartments
8.1.2 Private Rooms
8.1.3 Co-Working Spaces
8.1.4 Student Housing
8.1.5 Senior Living Communities
8.1.6 Luxury Co-Living Spaces
8.1.7 Others

8.2 By End-User

8.2.1 Young Professionals
8.2.2 Students
8.2.3 Remote Workers
8.2.4 Families

8.3 By Price Range

8.3.1 Budget
8.3.2 Mid-Range
8.3.3 Premium

8.4 By Location

8.4.1 Urban Centers
8.4.2 Suburban Areas
8.4.3 Rural Areas

8.5 By Amenities Offered

8.5.1 Furnished Units
8.5.2 Utilities Included
8.5.3 Community Events

8.6 By Duration of Stay

8.6.1 Short-Term Rentals
8.6.2 Long-Term Rentals

8.7 By Service Model

8.7.1 Managed Co-Living
8.7.2 Self-Managed Co-Living
8.7.3 Hybrid Models

9. Canada Real Estate and Co-Living Spaces Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Group Size (Large, Medium, or Small as per industry convention)
9.2.3 Occupancy Rate
9.2.4 Revenue Growth Rate
9.2.5 Customer Satisfaction Score
9.2.6 Pricing Strategy
9.2.7 Market Penetration Rate
9.2.8 Average Length of Stay
9.2.9 Return on Investment (ROI)
9.2.10 Net Promoter Score (NPS)

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 Brookfield Asset Management
9.5.2 Tricon Residential
9.5.3 Dream Unlimited Corp.
9.5.4 Minto Group Inc.
9.5.5 The Daniels Corporation
9.5.6 QuadReal Property Group
9.5.7 Boardwalk Real Estate Investment Trust
9.5.8 CAPREIT
9.5.9 Homestead Land Holdings Limited
9.5.10 The Living Group
9.5.11 O2 Housing
9.5.12 Roomi
9.5.13 Common
9.5.14 WeLive
9.5.15 The Collective

10. Canada Real Estate and Co-Living Spaces Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Government Housing Initiatives
10.1.2 Funding for Affordable Housing Projects
10.1.3 Collaboration with Private Sector

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Investment in Sustainable Developments
10.2.2 Budget Allocation for Urban Development
10.2.3 Partnerships with Real Estate Developers

10.3 Pain Point Analysis by End-User Category

10.3.1 Affordability Issues
10.3.2 Limited Availability of Co-Living Spaces
10.3.3 Quality of Amenities

10.4 User Readiness for Adoption

10.4.1 Awareness of Co-Living Benefits
10.4.2 Acceptance of Shared Living Arrangements
10.4.3 Financial Preparedness

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Evaluation of Cost Savings
10.5.2 User Satisfaction Metrics
10.5.3 Potential for Expansion into New Markets

11. Canada Real Estate and Co-Living Spaces Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Value Proposition Development

1.3 Revenue Streams Analysis

1.4 Cost Structure Evaluation

1.5 Key Partnerships

1.6 Customer Segments

1.7 Channels


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs

2.3 Target Audience Identification

2.4 Marketing Channels

2.5 Messaging Framework


3. Distribution Plan

3.1 Urban Retail vs Rural NGO Tie-Ups

3.2 Online vs Offline Distribution

3.3 Partnerships with Local Businesses

3.4 Logistics and Supply Chain Management


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands

4.3 Competitor Pricing Analysis

4.4 Customer Willingness to Pay


5. Unmet Demand & Latent Needs

5.1 Category Gaps

5.2 Consumer Segments

5.3 Emerging Trends

5.4 Feedback Mechanisms


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-Sales Service

6.3 Customer Engagement Strategies

6.4 Feedback and Improvement Loops


7. Value Proposition

7.1 Sustainability

7.2 Integrated Supply Chains

7.3 Unique Selling Points

7.4 Customer-Centric Approach


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding

8.3 Distribution Setup

8.4 Training and Development


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix
9.1.2 Pricing Band
9.1.3 Packaging

9.2 Export Entry Strategy

9.2.1 Target Countries
9.2.2 Compliance Roadmap

10. Entry Mode Assessment

10.1 Joint Ventures

10.2 Greenfield Investments

10.3 Mergers & Acquisitions

10.4 Distributor Model


11. Capital and Timeline Estimation

11.1 Capital Requirements

11.2 Timelines

11.3 Funding Sources


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships

12.2 Risk Mitigation Strategies


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-Term Sustainability


14. Potential Partner List

14.1 Distributors

14.2 Joint Ventures

14.3 Acquisition Targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Activity Timeline
15.2.2 Milestone Tracking

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of government reports on housing trends and regulations in Canada
  • Review of industry publications and market reports on real estate and co-living spaces
  • Examination of demographic data and urbanization trends from Statistics Canada

Primary Research

  • Interviews with real estate developers and property managers specializing in co-living spaces
  • Surveys targeting potential tenants and residents of co-living facilities
  • Focus groups with urban planners and housing policy experts

Validation & Triangulation

  • Cross-validation of findings through multiple data sources, including academic studies and market analyses
  • Triangulation of qualitative insights from interviews with quantitative data from surveys
  • Sanity checks conducted through expert panel reviews and feedback sessions

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of the overall real estate market size in Canada and its growth trajectory
  • Segmentation of the market by geographic regions and types of co-living spaces
  • Incorporation of trends in urbanization and housing affordability into market projections

Bottom-up Modeling

  • Data collection from leading co-living operators regarding occupancy rates and pricing models
  • Estimation of market potential based on the number of co-living units and average rental prices
  • Analysis of operational costs and revenue streams for co-living spaces

Forecasting & Scenario Analysis

  • Multi-factor regression analysis incorporating economic indicators and housing demand trends
  • Scenario modeling based on varying levels of urbanization and policy changes affecting housing
  • Development of baseline, optimistic, and pessimistic forecasts through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Co-Living Space Tenants150Young Professionals, Students, Digital Nomads
Real Estate Developers100Property Developers, Investment Analysts
Urban Planners80City Planners, Housing Policy Makers
Property Management Firms70Property Managers, Operations Directors
Potential Investors in Co-Living60Venture Capitalists, Real Estate Investors

Frequently Asked Questions

What is the current value of the Canada Real Estate and Co-Living Spaces Market?

The Canada Real Estate and Co-Living Spaces Market is valued at approximately USD 200 billion, driven by urbanization, demand for affordable housing, and a growing preference for co-living arrangements among younger demographics.

Which cities are leading in the Canada Real Estate and Co-Living Spaces Market?

What factors are driving the growth of co-living spaces in Canada?

What challenges does the Canada Real Estate market face?

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