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Research Outline
Prepared for Vidit | Delivered August 30, 2019
Market Analysis - Daycare, Ontario
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Goals
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.
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Early Findings
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 p
er 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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