January 17, 2013
Canadian construction work remains steady in 2013, according to report
According to BTY Group’s annual Market Intelligence Report on construction costs across Canada, private sector spending and infrastructure maintenance are the major factors that will help keep construction workloads steady with minimal cost increases in 2013.
“We expect reasonably healthy levels of activity across Canada despite a residential slowdown across most of the country and lower than expected growth in the U.S.,” said Joe Rekab, managing partner at BTY Group. “Strong private sector investment in energy, resource and commercial-retail – with continued infrastructure spending – should offset a cooling housing market in ever province except B.C. and Alberta.”
In eastern Canada, Ontario will see a stable workload, supported by a bounce back in commercial development and a sustained infrastructure program.
Quebec will remain steady, with help from investment in health care, transportation and multibillion-dollar mining and energy projects.
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