Canada: top home improvement retailers 2023, by sales

Home Depot was the leading home improvement retailer in Canada in 2023, with sales amounting to around **** billion Canadian dollars. Home Hardware and Rona stores ranked in second and third places, with sales of around *** and *** billion Canadian dollars respectively. 

Home Depot origins

Home Depot, the American home improvement retailer, was founded in 1978. The company’s original aim was to build retail superstores larger than any of their competitors and the first two stores were opened in Atlanta, Georgia in the next year. In 1981, the retailer branched out of Georgia and began to open more stores in different states and later entered neighboring markets. By 2023, Home Depot operated over ***** big-box home improvement stores across the whole of North America and Mexico.

Fierce competition in the global home improvement sector

In terms of sales, Home Depot is by far the leading home improvement retail company worldwide. Lowes, however, remains competitive. Home Depot only had about 400 more stores than Lowes worldwide in 2023, and on average that year, consumers actually spent more money at Lowes.