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 2012
Canada’s Non-Residential Construction Industry: Industrial Outlook Summer 2012
Industry Economic Analysis
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- Office Vacancy Rates—Office vacancy rates continue to decline, with markets being especially tight in the downtown cores of Canada’s major cities.
- Government Spending—Austerity budgets, as governments attempt to balance their books, will significantly reduce government spending on new construction in the near and medium term.
- Private Sector—In 2013, private sector demand for new retail and office space, warehouses, and distribution centres will be strong enough to offset public sector cuts.
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