January 17, 2013
Canadian construction work remains steady in 2013, according to report
According to BTY Group’s annual Market Intelligence Report on construction costs across Canada, private sector spending and infrastructure maintenance are the major factors that will help keep construction workloads steady with minimal cost increases in 2013.
“We expect reasonably healthy levels of activity across Canada despite a residential slowdown across most of the country and lower than expected growth in the U.S.,” said Joe Rekab, managing partner at BTY Group. “Strong private sector investment in energy, resource and commercial-retail – with continued infrastructure spending – should offset a cooling housing market in ever province except B.C. and Alberta.”
In eastern Canada, Ontario will see a stable workload, supported by a bounce back in commercial development and a sustained infrastructure program.
Quebec will remain steady, with help from investment in health care, transportation and multibillion-dollar mining and energy projects.
|MOST POPULAR STORIES|
- Construction begins on 1.5-kilometre western portion of Mississauga transitway
- Tunnelling of the Toronto-York Spadina Subway Extension completed
- P3s put a jolt in electricity infrastructure
- OCOT consultation comes to a halt over possible bias
- “Super beam” installed in Montreal Champlain Bridge repair
- 20 Most Popular Stories
|TODAY’S TOP CONSTRUCTION PROJECTS|
These projects have been selected from 331 projects with a total value of $3,875,502,154 that Reed Construction Data Building Reports reported on Monday.
$2,200,000,000 Toronto ON Prebid
$125,000,000 Scarborough ON Prebid
$49,900,000 Toronto ON Prebid
- P3s can support Canadian resource development
- Parking culture shift can influence transit use and development, says expert panel
- What will it take to improve infrastructure?
- NRC unveils four new research programs
- Water-treatment plant planned for Manitoba’s CentrePort area
- RCMP make another arrest in connection with its SNC-Lavalin probe
- United States green construction arms race heats up
- Nova Scotia to ban importation of waste water from shale gas fracking
- VIDEO: Journal of Commerce Update for the week of December 9th, 2013
- Building the One
- New design-build contracts released
- Sales tax transition has been a mixed bag for industry
- Taseko files for judicial review of gold mine assessment
- Contract uncertainty and price escalation
- Edmonton college expansion moves ahead
- Council of Construction Associations names Dave Baspaly as new president
- $100 million added to Calgary's capital budget
- Massive investment will complete Kitimat smelter project
- Manitoba invests $45 million
- Corruption charge in probe of SNC-Lavalin