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Commercial Building Construction in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Commercial Building Construction in Canada Market Research Report | NAICS 23332aCA | Feb 2014

Scraping the sky: Demand for retail space will surge as businesses expand operations

The Commercial Building Construction market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$38bn
Annual Growth 09-14
5.7%
Annual Growth 14-19
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Profit
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Employment
342,176
Businesses
10,898
Industry Analysis & Industry Trends

The recession decimated demand for industry services as vacancy rates for retail space escalated. In response, the federal government implemented numerous initiatives in 2010 to assist the industry in a rapid turnaround. As a result, building starts have picked up due to falling vacancy rates and rising consumer spending over the past five years. Revenue is anticipated to continue its upward trend over the next five years as the population moves to metropolitan areas; additionally, stronger sentiment toward green and sustainable construction will push up demand... purchase to read more

Industry Report - Industry Analysis Chapter

The recession negatively impacted commercial building construction, first hitting the residential construction industries and quickly spreading to the nonresidential sector as consumer spending severely contracted. In effect, many participants experienced immediate and drastic declines in activity as existing projects were delayed or suspended; however, the effects were short-lived. Due to the federal government's rapid response, the industry was not exposed to the volatility other construction markets experienced, as implemented measures encouraged increased private investment in commercial construction. As the government reduced the cost of borrowing for investors, demand for new projects increased. Additionally, delayed and suspended projects came back on line... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Commercial Building Construction Industry?

This industry constructs (i.e. new work, additions, alterations, maintenance and repairs) office, retail, hotel and entertainment buildings. The majority of participants are general contractors or project managers. This industry does not include municipal building construction, which comprises institutional buildings such as schools, hospitals and churches.

Industry Products
General contracting Construction managementRemodelling contracting
 
Industry Activities
Office building constructionHotel and motel constructionRestaurant, cafe and bar constructionRetail store constructionShopping centre or shopping mall constructionCommercial warehouse constructionService and gas station constructionAuto service and sales store constructionEntertainment and recreation building construction (e.g. casinos, gyms, cinemas and arenas)Radio and television broadcast studio construction


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