Canada Construction Industry Analysis, Size, Growth, Trends and Forecast to 2021

Construction activity in Canada was weak during the review period (2012-2016), as a result of depressed economic conditions, low oil prices and weak demand for the country’s major exports. Poor investor confidence led to reduced infrastructure construction activity.

However, the industry’s value is expected to improve over the forecast period (2017-2021). Although the probable persistence of low oil prices is expected to hamper growth throughout 2017, the industry is expected to pick up during the latter part of the forecast period, driven by government efforts to stimulate the economy through investment in public infrastructure and energy projects.

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Gradual improvements in consumer and investor confidence are also expected to drive private sector investment in construction projects in the coming years.

In real terms, the industry’s output value registered a compound annual growth rate (CAGR) of -0.40% during the review-period and is expected to post a CAGR of 1.64% over the forecast period.

Summary

  • Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the Canadian construction industry, including:
  • The Canadian construction industry’s growth prospects by market, project type and construction activity
  • Analysis of equipment, material and service costs for each project type in Canada
  • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Canadian construction industry
  • Profiles of the leading operators in the Canadian construction industry
  • Data highlights of the largest construction projects in Canada

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Scope

  • This report provides a comprehensive analysis of the construction industry in Canada. It provides:
  • Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Canada using construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type
  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
  • Analysis of key construction industry issues, including regulation, cost management, funding and pricing
  • Detailed profiles of the leading construction companies in Canada

Reasons To Buy

  • Identify and evaluate market opportunities using Timetric’s standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using Timetric’s critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Key Highlights

  • According to Statistics Canada, the total number of residential building permits issued in the country rose by 0.8% from 207,759 in 2015 to 209,338 in 2016. This was preceded by an annual decline of 1.1% in 2014 and an annual rise of 1.1% in 2015.
  • In a bid to promote economic growth, in November 2016, the government announced plans to invest CAD81.2 billion (US$61.5 billion) to develop various large-scale projects during 2017-2027. These projects include energy and public transport infrastructure projects; social infrastructure projects including childcare centers, leisure and hospitality buildings and affordable houses; trade-related infrastructure projects and the upgrade of road and digital infrastructure in rural areas. The government’s major infrastructure development program is expected to support expansion in the construction industry over the forecast period.
  • As a part of its 2016 budget, in February that year the government of Ontario announced plans to invest CAD137.0 billion (US$103.7 billion) to develop large-scale construction projects by 2025. This is expected to support growth in the country’s construction industry in the coming years.
  • In March 2017, the government announced plans to launch the Canada Infrastructure Bank, a new investment hub to boost funding for construction projects in the country. The government’s main aim is to mobilize funds from foreign and private investors by working in collaboration with provincial, territorial and municipal governments. Under the initiative, the government plans to construction several railway corridors, roads, ports, water treatment plants and energy transmission lines.
  • According to Statistics Canada, the average new housing price index in the country rose by 2.5% from 96.2 in 2015 to 98.6 in 2016. The largest rise in house prices was recorded in Ontario, where the index rose by 4.9%. Saskatchewan, on the other hand, registered the largest decline at 1.6%.
  • Identify and evaluate market opportunities using Timetric’s standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using Timetric’s critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Key Highlights

  1. According to Statistics Canada, the total number of residential building permits issued in the country rose by 0.8% from 207,759 in 2015 to 209,338 in 2016. This was preceded by an annual decline of 1.1% in 2014 and an annual rise of 1.1% in 2015.
  2. In a bid to promote economic growth, in November 2016, the government announced plans to invest CAD81.2 billion (US$61.5 billion) to develop various large-scale projects during 2017-2027. These projects include energy and public transport infrastructure projects; social infrastructure projects including childcare centers, leisure and hospitality buildings and affordable houses; trade-related infrastructure projects and the upgrade of road and digital infrastructure in rural areas. The government’s major infrastructure development program is expected to support expansion in the construction industry over the forecast period.
  3. As a part of its 2016 budget, in February that year the government of Ontario announced plans to invest CAD137.0 billion (US$103.7 billion) to develop large-scale construction projects by 2025. This is expected to support growth in the country’s construction industry in the coming years.
  4. In March 2017, the government announced plans to launch the Canada Infrastructure Bank, a new investment hub to boost funding for construction projects in the country. The government’s main aim is to mobilize funds from foreign and private investors by working in collaboration with provincial, territorial and municipal governments. Under the initiative, the government plans to construction several railway corridors, roads, ports, water treatment plants and energy transmission lines.
  5. According to Statistics Canada, the average new housing price index in the country rose by 2.5% from 96.2 in 2015 to 98.6 in 2016. The largest rise in house prices was recorded in Ontario, where the index rose by 4.9%. Saskatchewan, on the other hand, registered the largest decline at 1.6%.

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