Industrial building construction starts grew 20%
CanaData's figures on construction start activity in Canada for 2004 indicate mixed results. Measured in square foo...
CanaData’s figures on construction start activity in Canada for 2004 indicate mixed results. Measured in square footage, the collective figure for all sectors showed a 15% rise in activity for 2004 compared to 2003. In dollar terms, however, the rise was only 2%. CanaData measures engineering sector activity (water, roads, power, oil and gas) only in dollar terms.
In dollar terms, residential construction starts were 29% higher in 2004 than 2003, and industrial building starts rose 20%. However, institutional and commercial building start values were down by 12% and 19% respectively.
In the engineering sector, roads were the healthiest sector, with a rise of 27% over 2003. Water and sewer works had a 1% rise. Electrical power construction was down by a whopping 57%, and the oil and gas industry declined by 12%.
CanaData is a statistics gathering and forecasting agency, part of Reed Construction Data.