Pests can cause significant physical damage to properties,
which in turn lowers their market value. Termites, often referred to as the
"silent destroyers," can compromise the structural integrity of a
building before the issue is even detected, according to New York University.
The heightened demand for bed bug extermination has led to an increase in the
number of pest control companies, growing at an annual rate of 4.1% to reach
1,364 businesses over the five years leading up to 2023. The rising prevalence
of bed bugs has boosted profits for pest control service providers, as bed bugs
are among the most lucrative infestations due to the speed of their removal.
Looking ahead, conditions are expected to remain favorable,
with industry revenue forecasted to grow at an annualized rate of 1.7% to reach
$2.4 billion over the next five years, through 2028. Bed bugs and other insect
infestations are anticipated to become increasingly common concerns in both
residential and commercial properties, resulting in a strong demand for pest
extermination professionals, particularly in urban areas. This trend is likely
to drive significant product development in the pest control sector over the
next five years.
Given the public’s growing concerns about the potentially
harmful effects of pesticides and other chemicals, environmentally friendly
pest control solutions are expected to continue gaining traction, according to
IBISWorld. Additionally, as of 2023, there are 1,364 pest control businesses
operating in Canada.
Christian Gilbert is a real estate investor who faced a
serious pest issue with his properties. Unable to find an effective solution,
he decided to create his own. Twelve years ago, he started We Clean Pest
Control to provide reliable pest control services to protect his property
investments. He is passionate about teaching property managers and investors
how to avoid the challenges he encountered by effectively eliminating pests and
significantly reducing the costs associated with dealing with infestations.
What many property owners may not realize is that proper pest management can
also dramatically reduce unwanted vacancies. He joined this week to share more
insights.
Get in touch:
https://calendly.com/chris-wcpc/30min?month=2025-01
Email: chris@wcpc.ca
