News
Construction in Canada will reach $300B by 2014
April 1, 2011 By Alex Carrick | Daily Commercial News
NEWS HIGHLIGHT
Construction in Canada will reach $ 300B by 2014
CanaData is projecting that current dollar spending on
new construction in Canada will rise to $ 301.4 billion by 2014. The
level this year, based on Statistics Canada’s survey of owner’s
investment intentions, is expected to be $ 240.6 billion.
April 1, 2011 – CanaData is projecting that current dollar spending on new construction in Canada will rise to $301.4 billion by 2014. The level this year, based on Statistics Canada’s survey of owner’s investment intentions, is expected to be $240.6 billion.
If a $300 billion construction market is achieved in 2014, it will be an almost doubling in dollar value over ten years, since 2004’s level was $154 billion. Furthermore, CanaData’s projection of investment spending over the next three years is relatively conservative. It’s made up of cost increases that rise faster than volume increases. | READ MORE
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