Industry Overview
This industry includes schools, colleges, universities, professional and career development and training services, language instruction schools, music and fine arts schools and coaching services, not elsewhere classified. The key suppliers for this industry include books, office supplies and stationery suppliers; computer and electronic equipment retailers; security and janitorial services; catering services. While the majority of these services are targeted towards children and teenagers, the target demographic may include young working professionals and business people depending on the nature of the business. The industry is in its mature stage and institutes with long history generate and a strong track record, generally, outperform newer schools due to an established brand name. Colleges and universities are heavily regulated in Canada; however, educational service businesses and coaching services are lightly regulated. The demand for college and university education has a strong correlation with the population growth rate. In recent years due to immigration, higher birth rate and escalating political tension, Canada have witnessed an influx of international students which has driven demand for educational services, especially language schools. Institutes that are supported by government grants and subsidies are more defensive while private educational facilities depend on disposable income and household debt. The industry is expected to continue growing at a steady rate over the next five years.