Commercial Building Construction in Canada
Operators in the Commercial Building Construction industry in Canada have struggled over the five years 2017. The reduced world price of oil affected Canada's economy, corporate profit and the value of nonresidential construction and in turn led to reduced revenue for the industry. Over the five years to 2022, revenue growth is expected to slowly grow. Unsteady demand in downstream markets is expected to persist; however, a weak Canadian dollar will help bolster corporate profit levels and enable companies to expand. The industry is also set to benefit from the increased migration of the population toward metropolitan areas. A stronger push toward green and sustainable construction will further bolster demand.
This industry constructs office, retail, hotel and entertainment buildings. Players in this industry are responsible for new constructions, additions, alterations, maintenance and repairs. The majority of participants are general contractors or project managers. This industry does not include municipal building construction, which comprises institutional buildings such as schools, hospitals and churches.
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.
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