Canadian Consulting Engineer

Value of construction activity doubles in less than a decade

Alex Carrick, chief economist with CanaData of Reed Construction reports in Daily Commercial News online, April 20, that the total current-dollar value of new construction in Canada next year is expected to be around $300 billion. By comparison...

April 24, 2012   Canadian Consulting Engineer

Alex Carrick, chief economist with CanaData of Reed Construction reports in Daily Commercial News online, April 20, that the total current-dollar value of new construction in Canada next year is expected to be around $300 billion. By comparison in 2004 the figure was half that, i.e. $150 billion.

Carrick’s report is based on Statistics Canada’s report “Private and Public Investment in Canada, Intentions.” He reports that construction represents an “impressive” 17% of Canada’s gross domestic product. The construction activity encompasses employment in a range of areas, including on building sites, with building product manufacturers, the real estate sector and the design community.

Statistics Canada’s figures show that the constant-value of total construction in Canada rose 15% in 2010, thanks largely to the federal government’s infrastructure stimulus package enacted by the provinces and municipalities.

In 2011, Carrick reports, the overall increase for construction activity was only 3.8%. In 2012, the increase is expected to be +4.5%.


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