In 2023, the Canadian government unveiled plans to elevate immigration levels over the next few years, aiming to welcome a historic high of 500,000 new immigrants annually from 2024 to 2026. This initiative seeks to invigorate the country's economy and is anticipated to translate into increased demand for home furnishings.
Despite an overall decline in home furnishings sales in 2023, the e-commerce channel managed to maintain positive growth, driven partly by shifting consumer preferences accelerated by the pandemic. Retailers have actively enhanced the online furniture shopping experience, with leaders like Wayfair and IKEA offering Augmented Reality (AR) tools for consumers to visualise furniture in their living spaces.
A growing health consciousness in Canada has led to increased awareness of the importance of sleep, driving demand for premium mattresses. Despite most home furnishings categories experiencing negative growth, mattresses are anticipated to return to marginal positive growth over the forecast period due to sustained consumer interest in sleep health.
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Understand the latest market trends and future growth opportunities for the Home Furnishings industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Furnishings industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home Furnishings
The furniture and other moveable articles in a home that are necessary or useful for comfort and convenience. Items must be new when sold to the consumer; second-hand/used home furnishings are excluded. Antiques are also excluded. Home furnishings refers to indoor living (home textiles, indoor furniture and window coverings), outdoor living (BBQ's, garden sheds and outdoor furniture) and lighting (lighting sources and light fixtures).
See All of Our DefinitionsThis report originates from Passport, our Home Furnishings research and analysis database.
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