Toronto, Canada, 22 October 2021/-- For the past few years, the key external factors affecting relocation. Recruiting the right people with the right skill is crucial for company growth and operations. The impact of available talent remains marked above the level reported in 2009 up to 32%. Regardless, the company size remains a key driver of relocation volumes overall.

• The top factors affecting relocation last year.

• As a relocation driver, it has been noted that company growth falls below the previous post-recession recovery levels of 2008-2009. The reported volumes are affected by expansion and represent efforts to expand the company's footprint and overall growth.

• Before the Covid-19 pandemic, potential challenges were also emerging. 29% of firms have reported economic conditions as a factor in relocation as similar to 2018 up to 28% and in 2017 up to 22%. The factors remain within historic ranges for recovery after falling in 2017. If there are signs of economic headwinds beginning to affect relocation prior to the pandemic and the fallout is very challenging for the industry.

While the top factors affecting relocation vary by company size, competition growth, efforts, and lack of local talent that affected moving firms of all sizes in 2019.

• Large firms are more affected by the organizational changes and followed by expansion efforts (42%), local talent shortage (40%), and competition growth (42%).

• For mid-size firms, one of the biggest impacts on the relocation resulted from the growth of the competition (47%) with expansion efforts (45%) and a lack of local talent (47%) in second place.

• For small firms, one of the biggest issues was the lack of local talent (45%), with expansion efforts (39%) and competition growth (35%) following closely.

The political and regulatory environment has a notable impact on the relocation volumes and its trend is rising over the large few years. The highest percentages of the firm are reporting political and regulatory issues which have given significant influence.

Moving Services in the Canada Industry Trends (2016-2021)

The services of Commercial Moving Companies in Toronto have experienced over the 5 years to 2021, despite the ongoing corona virus pandemic. There is an increase in industry revenue in 2021 and is expected to grow more. As the industry was deemed an essential service and has been able to maintain operations during most of the pandemic.

Industry Products & Services

• Residential Moving
• Commercial Moving
• Warehousing Services
• And others

Industry Activities

• Moving used furniture
• Moving used household goods
• Moving used office goods
• Providing storage services

The Bottom Line

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