Canadian Bizav Market Growing amid Emerging Uncertainties

About 1,300 turbine business aircraft are registered in Canada—up some 80 aircraft year over year—versus approximately 25,000 in the U.S. and around 41,000 globally, according to a newly issued market report from Ontario-based business aircraft sales and acquisition firm Levaero Aviation. The report, “State of the Aviation Market 2024,” focuses exclusively on in-production turbine airplanes that have, between Jan. 1, 2024, and Jan. 1, 2025, transacted out of Canada, into Canada, or within Canada.

“The current market brings a new level of uncertainty,” said Levaero. “Potential tariffs on aircraft and key materials could introduce significant cost challenges, altering acquisition strategies and reshaping market demand.”

At the same time, the company added, “We are witnessing a market correction. After years of historically low preowned inventory and surging demand, supply levels are rising, aircraft are spending more time on the market, and pricing is stabilizing.” However, Levaero cautioned that this shift must be considered alongside continued challenges in Canada such as the luxury tax, “which remains a major disadvantage for Canadian buyers and businesses.”

This year’s study expands data into transaction volumes, inventory levels, economic drivers, and broader market trends. New in the report: residual value analysis and statistics on aircraft utilization. In all, market details are broken down for each of 12 jets and eight turboprop models.

Statistics for each model of the 20 turbine airplanes highlighted in the study include global annual average fleet hours, flight times, and distances flown; prices when introduced and prices of new-production aircraft three to five years later; current retail value, depreciation, and retention rates; average days on the market; and the number of units for sale on Jan. 1, 2025. Also provided is a prior three-year summary of transactions in Canada versus the U.S. and the rest of the world.