Canada’s Non-Residential Construction Industry: Industrial Outlook Summer 2015
The Conference Board of Canada, 10 pages
October 13, 2015
This report examines the short-and medium-term economic and profitability outlook for Canada’s Non-Residential Construction Industry.
- Industrial Capacity—Many industries, especially in the manufacturing sector, have seen their export growth prospects improve thanks to stronger industrial production and business investment south of the border and to the weak Canadian dollar.
- Office Market Saturated—The office vacancy rate has reached a 10-year high. Following years of rapid development, softer-than-anticipated demand has left the market with a growing glut of unused office space.
- Retailers Struggle—With several retail chains going out of business or restructuring, the resulting store closures are leaving plenty of commercial space unused. It will take time to absorb this excess capacity.