Market Analysis - Daycare, Ontario
Provide an overview of the daycare market and business opportunity in Ontario, Canada, including data points such as customer demographics, business financials (with real examples), regulation, market demand, etc.
- The daycare market in Canada is estimated to be worth a total $9 billion, with over 40,000 operating businesses and a projected CAGR of 3.5%.
- According to the Government of Ontario, there were 5,437 licensed childcare centers in the province as of 2018, with 427,032 available spaces.
- Child care fees in Ontario range from $66 per day to $21 per day, with the highest fees for infants and the lowest fees for school-aged children.
- Waitlists are very common at child care centers across Canada, and in Toronto an estimated 90% of child care centers maintain a wait list. The Government of Ontario estimates that there are only enough licensed child care spaces available for 21% of Ontario's children. Waitlist fees are common across Canada but they were banned in Ontario in 2016.
- In Ontario, 43% of parents use child care. Of these, 19% use home daycare, 36% use daycare centers, and 32% use private care. About half of parents in Ontario rely on before and after school care programs for their school-aged children.
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