Canada's Non-Residential Construction Industry: Industrial Outlook, Summer 2007
The Conference Board of Canada, 9 pages
August 8, 2007
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.
- 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
- 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.