Wage gains may outpace inflation in 2025

National average base salary projected to increase 3.6%

- MARISA COULTON

The highest projected average salary increase by industry, according to the report, is expected to be in real estate.

Wage gains across the country are expected to continue outpacing inflation in 2025, according to a new report.

The national average base salary is projected to rise 3.6 per cent in 2025, while Canada's annual rate of inflation is now tracking right on the Bank of Canada's target, at two per cent.

"You're seeing real gains in terms of compensation," said Anand Parsan, principal and national practice leader for the compensation consulting practice at Eckler, which conducted the survey.

"We've had a couple of years where ... folks weren't really seeing any real increases in their wages. It felt like everything was going up and up and they weren't getting increases to match."

But now that inflation is down and average wages are projected to rise, people are likely to see an increase in purchasing power, said Parsan, who was also one of the survey's lead researchers.