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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 23622aCA | Jan 2017

Concrete jungle: As corporate profit temporarily decreases, so will industry revenue

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
$29bn
Annual Growth 11-16
0.2%
Annual Growth 16-21
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Profit
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Employment
77,376
Businesses
13,824
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 Products Chapter

Design, bid, build contracts

Under the standard commercial construction process, the property owner or developer hires an architect or designer to render the plans for a structure and then receives bids from general contractors (GCs) for the building project itself. These design, bid, build (DBB) contracts are estimated to account for about 23.0% of revenue in the industry in 2016. In this construction management model, separate contracts exist between the owner and designer and between the owner and GC; the latter relationship is relevant to operators in the Commercial Building Construction industry.

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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
Integrated Product DeliveryConstruction Management at RiskDesign Build Design Bid BuildConstruction Management Agency
 
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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