Industry Analysis & Industry Trends
The Municipal Building Construction industry's fate will stay tied to government expenditure during the next five years, with the health of federal, provincial and local budgets determining demand for new institutional and government buildings as well as the repair and renovation of existing ones. The federal government has made balancing the budget by 2015 a priority, and though the stimulus program was over by 2011, carefully reducing government spending has been made more difficult due to slowing economic growth. This trend will also affect provincial budgets, which have a more direct influence on demand for new educational construction. However, uninterrupted growth in health expenditure will bolster the industry's largest market... purchase to read more
Industry Report - Industry Locations Chapter
Because construction firms typically operate across a variety of markets, the distribution of the Municipal Building Construction industry mirrors that of the Commercial Building Construction industry (IBISWorld report 23622aCA). On the whole, construction establishments follow population density and economic activity, with Canada's most populated areas holding much higher proportions of general contractor locations.
Ontario holds 38.8% of the national population and 35.4% of municipal construction establishments. The province also recorded the highest value of institutional and government building permits in January 2013, according to Statistics Canada, with 28.3% of the total dollar value of new permits... purchase to read more