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.
Canada’s Non-Residential Construction Industry: Industrial Outlook, Winter 2008
Canada’s Non-Residential Construction Industry: Industrial Outlook, Winter 2008
Industry Economic Analysis
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- Oil Prices—Strong corporate profi ts in the oil and gas industry are lifting overall investment in non-residential building construction. Alberta accounted for nearly one-quarter of all construction activity in Canada last year.
- 2010 Winter Olympic Games—Roughly $700 million is being invested in non-residential construction directly for the 2010 Winter Olympic Games in Vancouver.
- Material Prices—Pushed up by high global demand for commodities and resources, material prices will grow faster than output prices, harming the construction industry’s profit margins in the short and medium term.
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