Canada Serviced Apartment Market To Reach $9.52 Billion By 2033

Canada Serviced Apartment Market Growth & Trends

The Canada serviced apartment market size is expected to reach USD 9.52 billion by 2033, and is projected to grow at a CAGR of 15.6% from 2025 to 2033,according to a new report by Grand View Research, Inc. In Canada, demand for serviced apartments is driven by business travelers, expatriates, relocating families, and remote workers seeking flexible, home-like accommodations. Urbanization and housing shortages further boost their appeal as a convenient alternative to traditional rentals.

The growing trend in Canada’s serviced apartment sector is the focus on enhancing guest experiences through workspace flexibility and personalization. Operators are integrating hybrid workspaces, either on-site or via partnerships with external providers, to cater to remote workers, digital nomads, and business travelers seeking professional environments alongside the comfort of extended stays. At the same time, personalized services such as tailored welcome packages, customized service plans, and loyalty programs are increasingly offered to create memorable, individualized experiences, strengthen guest relationships, and encourage repeat visits.

Sustainability is increasingly prioritized in Canada’s market, with operators adopting energy-efficient appliances, smart systems, and eco-friendly materials. These practices reduce environmental impact and attract environmentally conscious travelers, strengthening brand reputation and guest loyalty.

 Request a free sample copy or view report summary: Canada Serviced Apartment Market Report

Canada Serviced Apartment Market Report Highlights

• Long-term serviced apartments in Canada are growing rapidly, catering to expatriates, relocating employees, students, and digital nomads who seek flexible, comfortable accommodations for several months. Rising immigration, workforce mobility, and housing shortages in major cities make these fully furnished apartments with included utilities and services an attractive alternative to traditional leases.

• Demand for serviced apartments for expats and relocators in Canada is rising due to strong immigration policies, global talent recruitment, and increasing international assignments. These fully furnished, ready-to-move-in units with flexible leases and cost-effective amenities provide temporary housing for individuals and families as they settle, search for permanent homes, or complete work assignments.

• Bookings through corporate contractors in Canada are increasing as companies seek to manage accommodations for employees on temporary assignments, training programs, or project-based relocations. Corporate contracts provide standardized quality, negotiated rates, and streamlined billing, making serviced apartments a reliable, cost-effective, and convenient solution amid growing business travel and workforce mobility.

Canada Serviced Apartment Market Segmentation

Grand View Research has segmented the Canada serviced apartment market based on type, end-use, and booking mode:

Canada Serviced Apartment Type Outlook (Revenue, USD Billion, 2021 - 2033)

• Long Term (>30 Nights)

• Short Term (<30 Nights)

Canada Serviced Apartment End-use Outlook (Revenue, USD Billion, 2021 - 2033)

• Corporate/ Business Traveler

• Leisure Travelers

• Expats and Relocators

Canada Serviced Apartment Booking Mode Outlook (Revenue, USD Billion, 2021 - 2033)

• Direct Booking

• Online Travel Agencies

• Corporate Contracts

List of Key Players in the Canada Serviced Apartment Market

• Premiere Suites

• Corporate Stays 

• Sonder Holdings Inc

• DelSuites Inc.

• Today Living Group

• Situ accommodation

• National Corporate Housing

• Blueground

• The Apartment Network

• Toronto Boutique Apartments (TBA)