CHBA: Canadian residential renovation/maintenance/repair sector = $105.5B nominal spend in 2023, ~526,000 jobs, $36.9B wages

Claim: Canada's residential renovation, maintenance, and repair sector represented:

• ~$105.5 billion in nominal spending in 2023
• ~526,000 jobs supported
• ~$36.9 billion in wages paid

Source: Building Excellence January 15, 2025 (CHBA 2024 economic update).

Confidence: Verified.

Context for Candid renovator clients

RenoMark members represent a small but visible fraction of this $105.5B activity (the 1,200+ RenoMark national members out of ~8,500 CHBA total members — and CHBA itself represents only a slice of the total renovation contractor base). Most renovation activity still happens outside the program.

CHBA's own characterization of the underground economy is that it remains a substantial share of Ontario's renovation market — which is part of why CHBA launched the October 2025 "Renovate Right. Renovate Now. RenoMark." Renovation Month campaign. See CHBA "Renovate Right. Renovate Now. RenoMark." Renovation Month campaign — October 2025.