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Tuesday, 30 May 2017
In-Depth Research on Construction in Canada 2021
Construction in Canada – Key Trends and Opportunities to 2021 is a new market research publication announced by Reportstack. This report provides detailed market analysis, information and insights into the Canadian construction industry, including:
The Canadian construction industry's growth prospects by market, project type and construction activity
Analysis of equipment, material and service costs for each project type in Canada
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Canadian construction industry
Profiles of the leading operators in the Canadian construction industry
Data highlights of the largest construction projects in Canada
Scope This report provides a comprehensive analysis of the construction industry in Canada. It provides:
Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Canada using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Canada
Reasons to Buy
Identify and evaluate market opportunities using the standardized valuation and forecasting methodologies.
Assess market growth potential at a micro-level with over 600 time-series data forecasts.
Understand the latest industry and market trends.
Formulate and validate strategy using the critical and actionable insight.
Assess business risks, including cost, regulatory and competitive pressures.
Evaluate competitive risk and success factors.
According to Statistics Canada, the total number of residential building permits issued in the country rose by 0.8% from 207,759 in 2015 to 209,338 in 2016. This was preceded by an annual decline of 1.1% in 2014 and an annual rise of 1.1% in 2015.
In a bid to promote economic growth, in November 2016, the government announced plans to invest CAD81.2 billion (US$61.5 billion) to develop various large-scale projects during 2017–2027. These projects include energy and public transport infrastructure projects; social infrastructure projects including childcare centers, leisure and hospitality buildings and affordable houses; trade-related infrastructure projects and the upgrade of road and digital infrastructure in rural areas. The government’s major infrastructure development program is expected to support expansion in the construction industry over the forecast period.
As a part of its 2016 budget, in February that year the government of Ontario announced plans to invest CAD137.0 billion (US$103.7 billion) to develop large-scale construction projects by 2025. This is expected to support growth in the country’s construction industry in the coming years.
In March 2017, the government announced plans to launch the Canada Infrastructure Bank, a new investment hub to boost funding for construction projects in the country. The government’s main aim is to mobilize funds from foreign and private investors by working in collaboration with provincial, territorial and municipal governments. Under the initiative, the government plans to construction several railway corridors, roads, ports, water treatment plants and energy transmission lines.
According to Statistics Canada, the average new housing price index in the country rose by 2.5% from 96.2 in 2015 to 98.6 in 2016. The largest rise in house prices was recorded in Ontario, where the index rose by 4.9%. Saskatchewan, on the other hand, registered the largest decline at 1.6%.
SNC-Lavalin Group Inc. Aecon Group Inc. Bird Construction Inc. IBI Group Inc. Brookfield Residential Properties