A customized report, including the ability to add your own data; export reports to Excel and search for other NAICS reports, is available from … Overall market growth is expected to continue through 2019 as construction spending follows the overall GDP growth rate. Evaluate, choose and prepare projects, forecast growth, and stay informed about the industry through leading technology. In 2010, 7.1% of employed Canadians aged 15 and older worked in the construction industry, an increase of 50.8% since 2000, when 806,900 people worked in construction. Building things is big business—just look at the construction industry’s representatives on the 2017 PROFIT 500 ranking of Canada’s Fastest-Growing Companies. The construction industry has been experiencing unprecedented activity for some time now spurred by resource/commodity-based projects, large transportation projects, and the pressing need to restore and expand Canada’s aging public infrastructure. Social Sponsored content. In 1607 the first water mill in North America was erected nearby (on the L'Equille River) to assist with the grinding of the first locally grown corn. Construction investment in Canada last year topped $300 billion. The 22 construction firms on this year’s ranking grew their revenues an average of 1,990% between 2011 and 2016. Get up to speed on any industry with comprehensive intelligence that is easy to read. Release date: 2002-12-13 4. The well being of our national economy can often readily be determined by examining the pulse of the construction industry. CANADA'S CONSTRUCTION INDUSTRY IS GROWING, and with that comes opportunity for YOU.
Canada’s Construction Magazine – since 1957 View Digital Edition Subscribe. On-Site looks ahead at the economic factors, new technologies and other key trends driving the industry in its annual Construction Forecast. The 2017 Arcadis Construction Disputes Report states 30 per cent of construction projects in North America end up in dispute. This is expected to grow to US$304.6B in 2023 (measured at constant 2017 US dollar exchange rates), at a compound annual growth rate (CAGR) of 0.90%, according to GlobalData, a leading data and analytics company. Total construction investment in Canada in 2014 is projected to be over $300 billion. Construction is a major industry in Canada, employing more than 1.2 million men and women. Our industry has proven itself essential in the best and worst of times. Canadian Industry Statistics (CIS) analyses industry data on many economic indicators using the most recent data from Statistics Canada.CIS looks at industry trends and financial information, such as GDP, Labour Productivity, Manufacturing and Trade data. View Construction Forecast. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld.