This report examines the short-and medium-term economic and profitability outlook for Canada’s Non-Residential Construction Industry.
Canada’s Non-Residential Construction Industry: Industrial Outlook Summer 2010
Canada’s Non-Residential Construction Industry: Industrial Outlook Summer 2010
Industry Economic Analysis
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- Stimulus Spending—After being a key source of support for the industry over the past two years, stimulus spending will begin to be unwound over the next 18 months, detracting from industry growth.
- Vacancy Rates—Vacancy rates are elevated, and until this unused space is absorbed, the pace of growth in construction spending will be constrained.
- Permitting Activity—Healthy increases in commercial and industrial permits have been recorded in the first half of the year, signalling that the recovery in industry demand should continue.
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