Industry Analysis & Industry Trends
Operators in the Commercial Building Construction industry in Canada have experienced strong growth over the past five years. Declining vacancy rates for retail and office building space between 2010 and 2011 allowed the industry to pick up strongly. Commercial construction typically lags behind the overall economy by up to two years, due in part to the length of construction contracts and the pipeline of projects that general contractors keep on the books. Over the five years to 2021, this pipeline of projects and new contracts is anticipated to allow revenue to rebound and expand. The industry is also set to benefit from the increased migration of the population toward metropolitan areas... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Commercial Building Construction industry is in the mature phase of its life cycle. Though industry growth has been moderately volatile over the past five years, its overall contribution to the economy (IVA) has outpaced GDP growth. Over the 10 years to 2021, IBISWorld projects industry IVA to grow by an annualized 3.6%. In contrast, the overall economy is projected to grow by an annualized 1.9% over the same period.
While the industry's markets fluctuate based on changes in the economy as a whole, including per capita disposable income, unemployment, corporate profit and interest rates, industry services are an essential part of the economy and enjoy complete market acceptance. This close connection with overall economic cycles is highly indicative of a mature industry... purchase to read more