Canada’s Non-Residential Construction Industry: Industrial Outlook Winter 2012

This report examines the short-and medium-term economic and profitability outlook for Canada’s Non-Residential Construction Industry.

Document Highlights

• Office Vacancy Rate—The office vacancy rate is now clearly trending down, meaning there is less and less unused space to absorb.
• Government Spending—Austerity measures to reduce deficits will result in lower government spending on new construction in the near term.
• Private Sector—Business conditions are still not strong enough for the private sector to offset government spending cuts.