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 Locations Chapter
Establishments operating in Canada's Commercial Building construction industry are distributed largely in line with the country's population and economic activity. Population growth typically influences growth or decline in commercial building activity, but unexpected events, such as natural disasters, can create commercial construction booms in specific areas.
Ontario holds 38.8% of the national population and 35.4% of municipal construction establishments. Ontario is also home to Toronto, the country's most populous city, whose high population density encourages the need for commercial building construction and retail centers. Additionally, Toronto has a highly developed tourism industry that drives hotel and resort construction, as well as above-average population growth... purchase to read more