Construction in Canada - Key Trends and Opportunities to 2018

Published: Sep, 2014 | Pages: 83 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This report provides detailed market analysis, information and insights into the Canadian construction industry including:
Canadian construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type in Canada
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Canadian construction industry
Analyzing the profiles of the leading operators in the Canadian construction industry.
Data highlights of the largest construction projects in Canada 

Summary
The Canadian construction industry recorded a CAGR of 8.43% during the review period. Growth was supported by private and public investments in infrastructure, residential and industrial projects. The outlook for construction is favorable, as a result of the government's focus on country's infrastructure and residential construction. Significant investment in low-cost residential projects to develop the housing system, and the implementation of the new Building Economic Plan to build the country's infrastructure will support the industry's growth over the forecast period. The construction industry's output is expected to record a CAGR of 5.07% over the forecast period. 
Scope
This report provides a comprehensive analysis of the construction industry in Canada. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Canada using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Canada 
Reason To Buy
 Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors 
Key Highlights
 According to Statistics Canada (StatCan), the total value of building permits reached CAD80.8 billion (US$78.6 billion) in 2013, a 0.1% fall compared to 2012. In 2013, the value of residential building permits was CAD48.3 billion (US$47.0 billion), and the value of non-residential building permits was CAD32.5 billion (US$31.6 billion), both unchanged from 2012. However, according to StatCan, in 2014 private and public bodies are expected to invest CAD404.5 billion (US$391.5 billion) in construction, equipment and machinery, an increase of 1.4% over 2013. In nominal terms, the construction value add in Canada reached CAD134.8 billion (US$131.2 billion) in 2013, after registering a review-period CAGR of 6.95%, and is projected to reach CAD166.2 billion (US$162.6 billion) by 2018, after registering a forecast-period CAGR of 4.28%. 
According to the Canada Mortgage and Housing Corporation (CMHC), total housing starts in urban areas reached 80,826 in the first half of 2014, as compared to 77,502 recorded in the first half of 2013. Of these, housing starts in the multi-family category rose from 48,470 in the first half of 2013 to 53,119 in the first half of 2014, while housing starts in the single-family category fell from 29,032 to 27,707 during the same period. However, the CMHC expects stabilization in housing starts in 2014 and 2015, due to a slowdown in demand from first-time buyers and a modest increase in mortgage rates. Over the forecast period, growth in the residential construction market will be driven by the rising housing starts in the country. 
Canada is the world's sixth-largest producer of crude oil. Recent growth in liquid fuel supply was driven by the development of oil sands in Alberta. As the US works towards becoming a net exporter of natural gas by 2020 and achieving self-sufficiency in energy by 2035, Canada's heavy reliance on the US for its energy exports is a major threat to the country's energy security. Moreover, according to the Canadian Association of Petroleum Producers, crude oil production is expected to rise from 3.2 million barrels per day (bpd) in 2012 to 4.9 million bpd by 2020. To deal with increasing oil production and diversify its trading partners, the country is concentrating on building the pipeline infrastructure. A proposed pipeline construction project approved in 2014 is the Northern Gateway project, which will supply synthetic crude oil and crude bitumen to Kitimat, on Canada's west coast. Investments in the pipeline infrastructure will support growth of other infrastructure categories over the forecast period. 
Under the Economic Action Plan 2013, the government will provide CAD1.4 billion (US$1.4 billion) tax relief by extending the temporary accelerated capital cost allowance (CCA) for two years to the country's manufacturing and processing industries. CCA will allow faster write-offs of the new investment in machinery and equipment in the processing and manufacturing sectors, which will encourage manufacturing and processing firms to increase their investment levels. 
According to StatCan, gross domestic spending on R&D reached CAD30.4 billion (US$29.6 billion) in 2013, indicating a decline of 0.9% over 2012. In 2013, spending on R&D by businesses fell by 2.8% over 2012, while the federal government increased spending on R&D by 1.4% over 2012. In the fiscal year from April 2014 to March 2015, the federal government's estimated spending on science and technology reached CAD10.3 billion (US$10.0 billion), falling by 5.4% over the previous fiscal year. Of this, CAD6.5 billion (US$6.3 billion) was allocated for R&D activities, while the remaining amount was allocated for scientific activities. Reduced spending on R&D will result in marginal growth in the research facilities category over the forecast period.

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: SNC-Lavalin Group Inc.
8.1 SNC-Lavalin Group Inc. - Company Overview
8.2 SNC-Lavalin Group Inc. - Business Description
8.3 SNC-Lavalin Group Inc. - Main Services
8.4 SNC-Lavalin Group Inc. - History
8.5 SNC-Lavalin Group Inc. - Company Information
8.5.1 SNC-Lavalin Group Inc. - key competitors
8.5.2 SNC-Lavalin Group Inc. - key employees
9 Company Profile: Aecon Group Inc.
9.1 Aecon Group Inc. - Company Overview
9.2 Aecon Group Inc. - Business Description
9.3 Aecon Group Inc. - Main Products and Services
9.4 Aecon Group Inc. - History
9.5 Aecon Group Inc. - Company Information
9.5.1 Aecon Group Inc. - key competitors
9.5.2 Aecon Group Inc. - key employees
10 Company Profile: Graham Group Ltd
10.1 Graham Group Ltd - Company Overview
10.2 Graham Group Ltd - Business Description
10.3 Graham Group Ltd - Main Services
10.4 Graham Group Ltd - History
10.5 Graham Group Ltd - Company Information
10.5.1 Graham Group Ltd - key competitors
10.5.2 Graham Group Ltd - key employees
11 Company Profile: Bird Construction Inc.
11.1 Bird Construction Inc. - Company Overview
11.2 Bird Construction Inc. - Business Description
11.3 Bird Construction Inc. - Main Services
11.4 Bird Construction Inc. - History
11.5 Bird Construction Inc. - Company Information
11.5.1 Bird Construction Inc. - key competitors
11.5.2 Bird Construction Inc. - key employees
12 Company Profile: Stuart Olson Inc.
12.1 Stuart Olson Inc. - Company Overview
12.2 Stuart Olson Inc. - Business Description
12.3 Stuart Olson Inc. - Main Services
12.4 Stuart Olson Inc. - History
12.5 Stuart Olson Inc. - Company Information
12.5.1 Stuart Olson Inc. - key competitors
12.5.2 Stuart Olson Inc. - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is this Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - MGM/CFCL - Toronto Casino Resort Development - Ontario
Table 3: Commercial Construction Project 2 - LDL/MDC - Lakestone Resort Development - British Columbia
Table 4: Commercial Construction Project 3 - DDC - Edworthy Club & Urban Resort - Alberta
Table 5: Industrial Construction Project 1 - BIMC - Baffinland Mary River Iron Ore Facility - Nuvut
Table 6: Industrial Construction Project 2 - Rio Tinto Alcan - Jonquiere Smelting Plant - Quebec
Table 7: Industrial Construction Project 3 - EPO/MRL - Muskowekwan Potassium Production Plant - Saskatchewan
Table 8: Infrastructure Construction Project 1 - BC Hydro - Site C Clean Energy Project - British Columbia
Table 9: Infrastructure Construction Project 2 - Metrolinx - Eglinton to Scarborough Crosstown LRT - Ontario
Table 10: Infrastructure Construction Project 3 - TC - MoT - Windsor Gateway - Ontario
Table 11: Institutiol Construction Project 1 - HHS - New Oakville Hospital - Ontario
Table 12: Institutiol Construction Project 2 - AHS - South Health Campus - Alberta
Table 13: Institutiol Construction Project 3 - CHUM - Montreal Hospital Development - Quebec
Table 14: Residential Construction Project 1 - TFN - Tsawwassen Housing Development - British Columbia
Table 15: Residential Construction Project 2 - CVMC - Clear Vistas Residential Development - Saskatchewan
Table 16: Residential Construction Project 3 - Bosa/BP - Victoria Bayview Residential Development - British Columbia
Table 17: SNC-Lavalin Group Inc., Key Facts
Table 18: SNC-Lavalin Group Inc., Main Services
Table 19: SNC-Lavalin Group Inc., History
Table 20: SNC-Lavalin Group Inc., Key Employees
Table 21: Aecon Group Inc., Key Facts
Table 22: Aecon Group Inc., Main Products and Services
Table 23: Aecon Group Inc., History
Table 24: Aecon Group Inc., Key Employees
Table 25: Graham Group Ltd, Key Facts
Table 26: Graham Group Ltd, Main Services
Table 27: Graham Group Ltd, History
Table 28: Graham Group Ltd, Key Employees
Table 29: Bird Construction Inc., Key Facts
Table 30: Bird Construction Inc., Main Services
Table 31: Bird Construction Inc., History
Table 32: Bird Construction Inc., Key Employees
Table 33: Stuart Olson Inc., Key Facts
Table 34: Stuart Olson Inc., Main Services
Table 35: Stuart Olson Inc., History
Table 36: Stuart Olson Inc., Key Employees
Table 37: Cadian Construction Output by Project Type (CAD Million), 2009-2013
Table 38: Cadian Construction Output by Project Type (CAD Million), 2013-2018
Table 39: Cadian Construction Output by Cost Type (CAD Million), 2009-2013
Table 40: Cadian Construction Output by Cost Type (CAD Million), 2013-2018
Table 41: Cadian Construction Output by Activity Type (CAD Million), 2009-2013
Table 42: Cadian Construction Output by Activity Type (CAD Million), 2013-2018
Table 43: Cadian Construction Value Add by Project Type (CAD Million), 2009-2013
Table 44: Cadian Construction Value Add by Project Type (CAD Million), 2013-2018
Table 45: Cadian Commercial Construction Output by Project Type (CAD Million), 2009-2013
Table 46: Cadian Commercial Construction Output by Project Type (CAD Million), 2013-2018
Table 47: Cadian Commercial Construction Output by Cost Type (CAD Million), 2009-2013
Table 48: Cadian Commercial Construction Output by Cost Type (CAD Million), 2013-2018
Table 49: Cadian Commercial Construction Output by Activity Type (CAD Million), 2009-2013
Table 50: Cadian Commercial Construction Output by Activity Type (CAD Million), 2013-2018
Table 51: Cadian Commercial Construction Value Add by Project Type (CAD Million), 2009-2013
Table 52: Cadian Commercial Construction Value Add by Project Type (CAD Million), 2013-2018
Table 53: Cadian Industrial Construction Output by Project Type (CAD Million), 2009-2013
Table 54: Cadian Industrial Construction Output by Project Type (CAD Million), 2013-2018
Table 55: Cadian Industrial Construction Output by Cost Type (CAD Million), 2009-2013
Table 56: Cadian Industrial Construction Output by Cost Type (CAD Million), 2013-2018
Table 57: Cadian Industrial Construction Output by Activity Type (CAD Million), 2009-2013
Table 58: Cadian Industrial Construction Output by Activity Type (CAD Million), 2013-2018
Table 59: Cadian Industrial Construction Value Add by Project Type (CAD Million), 2009-2013
Table 60: Cadian Industrial Construction Value Add by Project Type (CAD Million), 2013-2018
Table 61: Cadian Infrastructure Construction Output by Project Type (CAD Million), 2009-2013
Table 62: Cadian Infrastructure Construction Output by Project Type (CAD Million), 2013-2018
Table 63: Cadian Infrastructure Construction Output by Cost Type (CAD Million), 2009-2013
Table 64: Cadian Infrastructure Construction Output by Cost Type (CAD Million), 2013-2018
Table 65: Cadian Infrastructure Construction Output by Activity Type (CAD Million), 2009-2013
Table 66: Cadian Infrastructure Construction Output by Activity Type (CAD Million), 2013-2018
Table 67: Cadian Infrastructure Construction Value Add by Project Type (CAD Million), 2009-2013
Table 68: Cadian Infrastructure Construction Value Add by Project Type (CAD Million), 2013-2018
Table 69: Cadian Institutiol Construction Output by Project Type (CAD Million), 2009-2013
Table 70: Cadian Institutiol Construction Output by Project Type (CAD Million), 2013-2018
Table 71: Cadian Institutiol Construction Output by Cost Type (CAD Million), 2009-2013
Table 72: Cadian Institutiol Construction Output by Cost Type (CAD Million), 2013-2018
Table 73: Cadian Institutiol Construction Output by Activity Type (CAD Million), 2009-2013
Table 74: Cadian Institutiol Construction Output by Activity Type (CAD Million), 2013-2018
Table 75: Cadian Institutiol Construction Value Add by Project Type (CAD Million), 2009-2013
Table 76: Cadian Institutiol Construction Value Add by Project Type (CAD Million), 2013-2018
Table 77: Cadian Residential Construction Output by Project Type (CAD Million), 2009-2013
Table 78: Cadian Residential Construction Output by Project Type (CAD Million), 2013-2018
Table 79: Cadian Residential Construction Output by Cost Type (CAD Million), 2009-2013
Table 80: Cadian Residential Construction Output by Cost Type (CAD Million), 2013-2018
Table 81: Cadian Residential Construction Output by Activity Type (CAD Million), 2009-2013
Table 82: Cadian Residential Construction Output by Activity Type (CAD Million), 2013-2018
Table 83: Cadian Residential Construction Value Add by Project Type (CAD Million), 2009-2013
Table 84: Cadian Residential Construction Value Add by Project Type (CAD Million), 2013-2018
Table 85: Timetric Construction Market Definitions