The Canadian Industrial Outlook Service includes detailed five-year forecasts in 16 key Canadian industries. The report examines the short- and medium-term economic and profitability outlooks for these industries.
Canada’s Non-Residential Construction Industry: Industrial Outlook, Summer 2007
Canada’s Non-Residential Construction Industry: Industrial Outlook, Summer 2007
Industry Economic Analysis
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- Offices—The office market continues to tighten as strong job creation in commercial services industries is sustaining high rates of absorption.
- Material Costs—Industry material costs are facing significant upward pressure. The major factor has been the abrupt rise in prices for basic building materials.
- Labour Shortage—More than five years of booming construction activity in every segment has resulted in the hiring of less-skilled workers, a trend that negatively affects the industry’s productivity. This labour shortage— which has led to strong wage appreciation—increases employers’ costs and limits industry growth.
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