Canada Serviced Apartment Market Size, Share & Trends Analysis Report By Type (Long-term, Short-term), By End-use (Corporate/ Business Traveler, Leisure Travelers), By Booking Mode, And Segment Forecasts, 2025 - 2033

August 2025 | 90 pages | ID: C492877A795CEN
Grand View Research, Inc.

Abstracts

Canada Serviced Apartment Market Trends

The Canada serviced apartment market size was estimated at USD 2.76 billion in 2024 and is projected to reach USD 9.52 billion by 2033, growing at a CAGR of 15.6% from 2025 to 2033. In Canada, demand for serviced apartments is fueled by the need for flexible long-stay options among business travelers, expatriates, and relocating families, alongside the rise of remote work and digital nomads seeking home-like spaces with productivity features. Rapid urbanization and housing shortages further reinforce this trend, making serviced apartments an attractive alternative to traditional rentals.

A growing trend in the Canada serviced apartment industry is the integration of hybrid workspaces, where properties either include dedicated co-working areas or collaborate with external workspace providers. This caters to remote workers, digital nomads, and business travelers who require professional environments within or near their accommodation, combining the comfort of extended stays with the functionality of modern offices.

Serviced apartment operators increasingly prioritize personalized guest experiences by offering tailored welcome packages, customized service plans, and loyalty programs. These efforts aim to build stronger connections with guests, enhance satisfaction, and encourage repeat stays by making each visit feel unique and thoughtfully designed around individual preferences.

Sustainability has become a key focus in the serviced apartment industry, with operators adopting eco-friendly practices such as using energy-efficient appliances, installing smart energy systems, and incorporating sustainable building materials. These initiatives reduce environmental impact and appeal to a growing segment of environmentally conscious travelers who prefer accommodations that align with their values, enhancing brand image and guest loyalty.

Canada Serviced Apartment Market Report Segmentation

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Canada serviced apartment market report based on type, end-use, and booking mode:

• Type Outlook (Revenue, USD Billion, 2021 - 2033)
• Long Term (>30 Nights)
• Short Term (<30 Nights)
• End Use Outlook (Revenue, USD Billion, 2021 - 2033)
• Corporate/ Business Traveler
• Leisure Travelers
• Expats and Relocators
• Booking Mode Outlook (Revenue, USD Billion, 2021 - 2033)
• Direct Booking
• Online Travel Agencies
• Corporate Contracts

This report can be delivered to the clients within 3 Business Days

Contents

CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Types & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Snapshot
2.2. Type Outlook
2.3. End Use Outlook
2.4. Booking Mode Outlook
2.5. Competitive Landscape Snapshot

CHAPTER 3. CANADA SERVICED APARTMENT MARKET VARIABLES AND TRENDS

3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
  3.3.1. Market Driver Analysis
  3.3.2. Market Restraint Analysis
  3.3.3. Market Opportunities
  3.3.4. Market Challenges
3.4. Industry Analysis Tools
  3.4.1. Porter’s Five Forces Analysis
3.5. Market Entry Strategies

CHAPTER 4. CANADA SERVICED APARTMENT MARKET: TYPE ESTIMATES & TREND ANALYSIS

4.1. Canada Serviced Apartment Market, By Type: Key Takeaways
4.2. Type Movement Analysis & Market Share, 2024 & 2033
4.3. Market Estimates & Forecasts, By Type, 2021 - 2033 (USD Billion)
  4.3.1. Long-Term
    4.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
  4.3.2. Short Term
    4.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)

CHAPTER 5. CANADA SERVICED APARTMENT MARKET: END USE ESTIMATES & TREND ANALYSIS

5.1. Canada Serviced Apartment Market, By End Use: Key Takeaways
5.2. End Use Movement Analysis & Market Share, 2024 & 2033
5.3. Market Estimates & Forecasts, By End Use, 2021 - 2033 (USD Billion)
  5.3.1. Corporate/ Business Traveler
    5.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
  5.3.2. Leisure Travelers
    5.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
  5.3.3. Expats and Relocators
    5.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)

CHAPTER 6. CANADA SERVICED APARTMENT MARKET: BOOKING MODE ESTIMATES & TREND ANALYSIS

6.1. Canada Serviced Apartment Market, By Booking Mode: Key Takeaways
6.2. Booking Mode Movement Analysis & Market Share, 2024 & 2033
6.3. Market Estimates & Forecasts, By Booking Mode, 2021 - 2033 (USD Billion)
  6.3.1. Direct Booking
    6.3.1.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
  6.3.2. Online Travel Agencies
    6.3.2.1. Market estimates and forecast, 2021 - 2033 (USD Billion)
  6.3.3. Corporate Contracts
    6.3.3.1. Market estimates and forecast, 2021 - 2033 (USD Billion)

CHAPTER 7. CANADA SERVICED APARTMENT MARKET: COMPETITIVE ANALYSIS

7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Participant’s Overview
7.4. Financial performance
7.5. Product Benchmarking
7.6. Company Market Share Analysis, 2024 (%)
7.7. Company Heat Map Analysis, 2024
7.8. Strategy Mapping
7.9. Company Profiles
  7.9.1. Premiere Suites
    7.9.1.1. Company Overview
    7.9.1.2. Financial performance
    7.9.1.3. Service Portfolios
    7.9.1.4. Strategic Initiatives
  7.9.2. Corporate Stays
    7.9.2.1. Company Overview
    7.9.2.2. Financial performance
    7.9.2.3. Service Portfolios
    7.9.2.4. Strategic Initiatives
  7.9.3. Sonder Holdings Inc
    7.9.3.1. Company Overview
    7.9.3.2. Financial performance
    7.9.3.3. Service Portfolios
    7.9.3.4. Strategic Initiatives
  7.9.4. DelSuites Inc.
    7.9.4.1. Company Overview
    7.9.4.2. Financial performance
    7.9.4.3. Service Portfolios
    7.9.4.4. Strategic Initiatives
  7.9.5. Today Living Group
    7.9.5.1. Company Overview
    7.9.5.2. Financial performance
    7.9.5.3. Service Portfolios
    7.9.5.4. Strategic Initiatives
  7.9.6. Situ accommodation
    7.9.6.1. Company Overview
    7.9.6.2. Financial performance
    7.9.6.3. Service Portfolios
    7.9.6.4. Strategic Initiatives
  7.9.7. National Corporate Housing
    7.9.7.1. Company Overview
    7.9.7.2. Financial performance
    7.9.7.3. Service Portfolios
    7.9.7.4. Strategic Initiatives
  7.9.8. Blueground
    7.9.8.1. Company Overview
    7.9.8.2. Financial performance
    7.9.8.3. Service Portfolios
    7.9.8.4. Strategic Initiatives
  7.9.9. The Apartment Network
    7.9.9.1. Company Overview
    7.9.9.2. Financial performance
    7.9.9.3. Service Portfolios
    7.9.9.4. Strategic Initiatives
  7.9.10. Toronto Boutique Apartments (TBA)
    7.9.10.1. Company Overview
    7.9.10.2. Financial performance
    7.9.10.3. Service Portfolios
    7.9.10.4. Strategic Initiatives

List Of Tables

LIST OF TABLES


Table 1 Canada serviced apartment market: Key market driver analysis
Table 2 Canada serviced apartment market: Key market restraint analysis
Table 3 Canada serviced apartment market estimates & forecast, 2021 - 2033 by type (USD Billion)
Table 4 Canada long term serviced apartment market estimates & forecast, 2021 - 2033 (USD Billion)
Table 5 Canada short term serviced apartment market estimates & forecast, 2021 - 2033 (USD Billion)
Table 6 Canada serviced apartment market estimates & forecast, 2021 - 2033 by end use (USD Billion)
Table 7 Canada serviced apartment market estimates & forecast, for corporate/ business traveler, 2021 - 2033 (USD Billion)
Table 8 Canada serviced apartment market estimates & forecast, for leisure traveler, 2021 - 2033 (USD Billion)
Table 9 Canada serviced apartment market estimates & forecast, for expats and relocators, 2021 - 2033 (USD Billion)
Table 10 Canada serviced apartment market estimates & forecast, 2021 - 2033 by booking mode (USD Billion)
Table 11 Canada serviced apartment market estimates & forecast through direct booking, 2021 - 2033 (USD Billion)
Table 12 Canada serviced apartment market estimates & forecast through online travel agencies, 2021 - 2033 (USD Billion)
Table 13 Canada serviced apartment market estimates & forecast through corporate contractors, 2021 - 2033 (USD Billion)
Table 14 Recent developments & impact analysis, by key market participants
Table 15 Company market share, 2024 (%)
Table 16 Company heat map analysis, 2024
Table 17 Companies implementing key strategies

List Of Figures

LIST OF FIGURES


Fig. 1 Canada serviced apartment market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research approaches
Fig. 5 Primary research process
Fig. 6 Market snapshot
Fig. 7 Segment snapshot
Fig. 8 Competitive landscape Snapshot
Fig. 9 Parent industry and Canada serviced apartment market size, 2024 (USD Billion)
Fig. 10 Canada serviced apartment market: Value chain analysis
Fig. 11 Canada serviced apartment market: Dynamics
Fig. 12 Canada serviced apartment market: Porter’s five forces analysis
Fig. 13 Canada serviced apartment market, by type: Key takeaways
Fig. 14 Canada serviced apartment market: Type movement analysis, 2024 & 2033 (%)
Fig. 15 Canada long term serviced apartment market estimates & forecast, 2021 - 2033 (USD Billion)
Fig. 16 Canada short term serviced apartment market estimates & forecast, 2021 - 2033 (USD Billion)
Fig. 17 Canada serviced apartment market, by end use: Key takeaways
Fig. 18 Canada serviced apartment market: end use movement analysis, 2024 & 2033 (%)
Fig. 19 Canada serviced apartment market estimates & forecast, for corporate/ business traveler, 2021 - 2033 (USD Billion)
Fig. 20 Canada serviced apartment market estimates & forecast, for leisure travelers, 2021 - 2033 (USD Billion)
Fig. 21 Canada serviced apartment market estimates & forecast, for expats and relocators, 2021 - 2033 (USD Billion)
Fig. 22 Canada serviced apartment market, by booking mode: Key takeaways
Fig. 23 Canada serviced apartment market: booking mode movement analysis, 2024 & 2033 (%)
Fig. 24 Canada serviced apartment market estimates & forecast through direct booking, 2021 - 2033 (USD Billion)
Fig. 25 Canada serviced apartment market estimates & forecast through online travel agencies, 2021 - 2033 (USD Billion)
Fig. 26 Canada serviced apartment market estimates & forecast through corporate contractors, 2021 - 2033 (USD Billion)
Fig. 27 Key company categorization
Fig. 28 Company market share analysis, 2024
Fig. 29 The strategic framework of the Canada serviced apartment market