Municipal Building Construction in Canada
While the Municipal Building Construction industry in Canada performed poorly in the years leading up to the reporting period as the government sought to cut back government spending, it has experienced steady growth over most of the reporting period in response to rising expenditure in particular on educational and healthcare facilities. Over the five years to 2018, IBISWorld projects the industry will grow. Over the five years to 2023, the industry will benefit from continued growth in government expenditure and investment. This will partly be due to the Investing in Canada plan, but provincial governments will also benefit from forecast growth in oil prices, which will lead to increased tax receipts, enabling higher spending levels. Further, as fast-growing provinces such as British Columbia further develop, they will invest in new municipal buildings to handle this growth.
This industry constructs municipal and institutional buildings in the private and public sectors, including government buildings, churches, prisons, schools and healthcare facilities. Operators are usually general contractors and perform new work, additions, alterations and repairs, though they may also serve as construction managers.
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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