Municipal Building Construction in Canada - Industry Market Research Report

Municipal Building Construction in Canada - Industry Market Research Report

Municipal Building Construction in Canada

The projects in the Municipal Building Construction industry in Canada are often funded through a combination of public and private sources. However, given the nature of most industry projects, the level of public investment by federal, provincial and local governments is the primary driver of industry performance. Performance was poor in the period leading up to rising interest rates, which have increased the cost of financing for nonresidential construction. Therefore, Industry-wide revenue has been decreasing at a CAGR of 0.4% over the past five years, including an estimated 1.1% increase in the current year, and is expected to total $11.1 billion in 2023. In the same year, profit is projected to decrease to 5.8%.

This industry constructs municipal and institutional buildings in the private and public sectors, including government buildings, churches, prisons, schools and healthcare facilities. Operators are usually general contractors and perform new work, additions, alterations and repairs, though they may also serve as construction managers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.