The Architects industry in Canada has been buoyed by a modest expansion in the Canadian real estate market and increased residential and public investment in nonresidential construction. Industry revenue is tied to the health of the real estate market and has been aided by rising disposable income and corporate profit. The aging, urbanizing and progressively wealthy population has helped spur demand for residential construction. However, a rapid decline in commodity prices slowed commercial and residential development in resource-rich provinces of Canada. Canadian architects will benefit from anticipated increases in corporate profit, employment and disposable income. Higher projected oil prices will incentivize energy-efficient structures, aiding architectural firms that specialize in planning environmentally friendly homes and commercial structures.
This industry plans and designs residential, institutional, leisure, commercial and industrial buildings and structures by applying their knowledge of design, construction procedures, zoning regulations, building codes and building materials.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.