Construction in Canada - Key Trends and Opportunities to 2021

Published: May, 2017 | Pages: 94 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Synopsis
Construction activity in Canada was weak during the review period (2012-2016), as a result of depressed economic conditions, low oil prices and weak demand for the country's major exports. Poor investor confidence led to reduced infrastructure construction activity.

However, the industry's value is expected to improve over the forecast period (2017-2021). Although the probable persistence of low oil prices is expected to hamper growth throughout 2017, the industry is expected to pick up during the latter part of the forecast period, driven by government efforts to stimulate the economy through investment in public infrastructure and energy projects.

Gradual improvements in consumer and investor confidence are also expected to drive private sector investment in construction projects in the coming years.

In real terms, the industry's output value registered a compound annual growth rate (CAGR) of -0.40% during the review-period and is expected to post a CAGR of 1.64% over the forecast period.

Summary
Timetric's Construction in Canada, Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the Canadian construction industry, including:

• The Canadian construction industry's growth prospects by market, project type and construction activity

• Analysis of equipment, material and service costs for 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

• Profiles of the leading operators in the Canadian construction industry

• Data highlights of the largest construction projects in Canada
Scope
This report provides a comprehensive analysis of the construction industry in Canada. It provides:

• Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Canada using construction output and value-add methods

• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, 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
Reasons 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 strategy 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, the total number of residential building permits issued in the country rose by 0.8% from 207,759 in 2015 to 209,338 in 2016. This was preceded by an annual decline of 1.1% in 2014 and an annual rise of 1.1% in 2015.

• In a bid to promote economic growth, in November 2016, the government announced plans to invest CAD81.2 billion (US$61.5 billion) to develop various large-scale projects during 2017-2027. These projects include energy and public transport infrastructure projects; social infrastructure projects including childcare centers, leisure and hospitality buildings and affordable houses; trade-related infrastructure projects and the upgrade of road and digital infrastructure in rural areas. The government's major infrastructure development program is expected to support expansion in the construction industry over the forecast period.

• As a part of its 2016 budget, in February that year the government of Ontario announced plans to invest CAD137.0 billion (US$103.7 billion) to develop large-scale construction projects by 2025. This is expected to support growth in the country's construction industry in the coming years.

• In March 2017, the government announced plans to launch the Canada Infrastructure Bank, a new investment hub to boost funding for construction projects in the country. The government's main aim is to mobilize funds from foreign and private investors by working in collaboration with provincial, territorial and municipal governments. Under the initiative, the government plans to construction several railway corridors, roads, ports, water treatment plants and energy transmission lines.

• According to Statistics Canada, the average new housing price index in the country rose by 2.5% from 96.2 in 2015 to 98.6 in 2016. The largest rise in house prices was recorded in Ontario, where the index rose by 4.9%. Saskatchewan, on the other hand, registered the largest decline at 1.6%.

 Table of Contents
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: SNC-Lavalin Group Inc.
5.1 SNC-Lavalin Group Inc. - Company Overview
5.2 SNC-Lavalin Group Inc. - Business Description
5.3 SNC-Lavalin Group Inc. - Main Services
5.4 SNC-Lavalin Group Inc. - History
5.5 SNC-Lavalin Group Inc. - Company Information
5.5.1 SNC-Lavalin Group Inc. - key competitors
5.5.2 SNC-Lavalin Group Inc. - key employees
6 Company Profile: Aecon Group Inc.
6.1 Aecon Group Inc. - Company Overview
6.2 Aecon Group Inc. - Business Description
6.3 Aecon Group Inc. - Main Products and Services
6.4 Aecon Group Inc. - History
6.5 Aecon Group Inc. - Company Information
6.5.1 Aecon Group Inc. - key competitors
6.5.2 Aecon Group Inc. - key employees
7 Company Profile: Bird Construction Inc.
7.1 Bird Construction Inc. - Company Overview
7.2 Bird Construction Inc. - Business Description
7.3 Bird Construction Inc. - Main Services
7.4 Bird Construction Inc. - History
7.5 Bird Construction Inc. - Company Information
7.5.1 Bird Construction Inc. - key competitors
7.5.2 Bird Construction Inc. - key employees
8 Company Profile: IBI Group Inc.
8.1 IBI Group Inc. - Company Overview
8.2 IBI Group Inc. - Business Description
8.3 IBI Group Inc. - Main Services
8.4 IBI Group Inc. - History
8.5 IBI Group Inc. - Company Information
8.5.1 IBI Group Inc. - key competitors
8.5.2 IBI Group Inc. - key employees
9 Company Profile: Brookfield Residential Properties Inc.
9.1 Brookfield Residential Properties Inc. - Company Overview
9.2 Brookfield Residential Properties Inc. - Business Description
9.3 Brookfield Residential Properties Inc. - Main Services
9.4 Brookfield Residential Properties Inc. - History
9.5 Brookfield Residential Properties Inc. - Company Information
9.5.1 Brookfield Residential Properties Inc. - key competitors
9.5.2 Brookfield Residential Properties Inc. - key employees
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetric's Services
10.7 Disclaimer

List of Tables
Table 1: Canadian Construction Output by Project Type (CAD Million), 2012-2016
Table 2: Canadian Construction Output by Project Type (CAD Million), 2016-2021
Table 3: Canadian Construction Output by Cost Type (CAD Million), 2012-2016
Table 4: Canadian Construction Output by Cost Type (CAD Million), 2016-2021
Table 5: Canadian Construction Output by Activity Type (CAD Million), 2012-2016
Table 6: Canadian Construction Output by Activity Type (CAD Million), 2016-2021
Table 7: Canadian Construction Value Add by Project Type (CAD Million), 2012-2016
Table 8: Canadian Construction Value Add by Project Type (CAD Million), 2016-2021
Table 9: Canadian Commercial Construction Output by Project Type (CAD Million), 2012-2016
Table 10: Canadian Commercial Construction Output by Project Type (CAD Million), 2016-2021
Table 11: Canadian Commercial Construction Output by Cost Type (CAD Million), 2012-2016
Table 12: Canadian Commercial Construction Output by Cost Type (CAD Million), 2016-2021
Table 13: Canadian Commercial Construction Output by Activity Type (CAD Million), 2012-2016
Table 14: Canadian Commercial Construction Output by Activity Type (CAD Million), 2016-2021
Table 15: Canadian Commercial Construction Value Add by Project Type (CAD Million), 2012-2016
Table 16: Canadian Commercial Construction Value Add by Project Type (CAD Million), 2016-2021
Table 17: Canadian Industrial Construction Output by Project Type (CAD Million), 2012-2016
Table 18: Canadian Industrial Construction Output by Project Type (CAD Million), 2016-2021
Table 19: Canadian Industrial Construction Output by Cost Type (CAD Million), 2012-2016
Table 20: Canadian Industrial Construction Output by Cost Type (CAD Million), 2016-2021
Table 21: Canadian Industrial Construction Output by Activity Type (CAD Million), 2012-2016
Table 22: Canadian Industrial Construction Output by Activity Type (CAD Million), 2016-2021
Table 23: Canadian Industrial Construction Value Add by Project Type (CAD Million), 2012-2016
Table 24: Canadian Industrial Construction Value Add by Project Type (CAD Million), 2016-2021
Table 25: Canadian Infrastructure Construction Output by Project Type (CAD Million), 2012-2016
Table 26: Canadian Infrastructure Construction Output by Project Type (CAD Million), 2016-2021
Table 27: Canadian Infrastructure Construction Output by Cost Type (CAD Million), 2012-2016
Table 28: Canadian Infrastructure Construction Output by Cost Type (CAD Million), 2016-2021
Table 29: Canadian Infrastructure Construction Output by Activity Type (CAD Million), 2012-2016
Table 30: Canadian Infrastructure Construction Output by Activity Type (CAD Million), 2016-2021
Table 31: Canadian Infrastructure Construction Value Add by Project Type (CAD Million), 2012-2016
Table 32: Canadian Infrastructure Construction Value Add by Project Type (CAD Million), 2016-2021
Table 33: Canadian Energy and Utilities Construction Output by Project Type (CAD Million), 2012-2016
Table 34: Canadian Energy and Utilities Construction Output by Project Type (CAD Million), 2016-2021
Table 35: Canadian Energy and Utilities Construction Output by Cost Type (CAD Million), 2012-2016
Table 36: Canadian Energy and Utilities Construction Output by Cost Type (CAD Million), 2016-2021
Table 37: Canadian Energy and Utilities Construction Output by Activity Type (CAD Million), 2012-2016
Table 38: Canadian Energy and Utilities Construction Output by Activity Type (CAD Million), 2016-2021
Table 39: Canadian Energy and Utilities Construction Value Add by Project Type (CAD Million), 2012-2016
Table 40: Canadian Energy and Utilities Construction Value Add by Project Type (CAD Million), 2016-2021
Table 41: Canadian Institutional Construction Output by Project Type (CAD Million), 2012-2016
Table 42: Canadian Institutional Construction Output by Project Type (CAD Million), 2016-2021
Table 43: Canadian Institutional Construction Output by Cost Type (CAD Million), 2012-2016
Table 44: Canadian Institutional Construction Output by Cost Type (CAD Million), 2016-2021
Table 45: Canadian Institutional Construction Output by Activity Type (CAD Million), 2012-2016
Table 46: Canadian Institutional Construction Output by Activity Type (CAD Million), 2016-2021
Table 47: Canadian Institutional Construction Value Add by Project Type (CAD Million), 2012-2016
Table 48: Canadian Institutional Construction Value Add by Project Type (CAD Million), 2016-2021
Table 49: Canadian Residential Construction Output by Project Type (CAD Million), 2012-2016
Table 50: Canadian Residential Construction Output by Project Type (CAD Million), 2016-2021
Table 51: Canadian Residential Construction Output by Cost Type (CAD Million), 2012-2016
Table 52: Canadian Residential Construction Output by Cost Type (CAD Million), 2016-2021
Table 53: Canadian Residential Construction Output by Activity Type (CAD Million), 2012-2016
Table 54: Canadian Residential Construction Output by Activity Type (CAD Million), 2016-2021
Table 55: Canadian Residential Construction Value Add by Project Type (CAD Million), 2012-2016
Table 56: Canadian Residential Construction Value Add by Project Type (CAD Million), 2016-2021
Table 57: SNC-Lavalin Group Inc., Key Facts
Table 58: SNC-Lavalin Group Inc., Main Services
Table 59: SNC-Lavalin Group Inc., History
Table 60: SNC-Lavalin Group Inc., Key Employees
Table 61: Aecon Group Inc., Key Facts
Table 62: Aecon Group Inc., Main Products and Services
Table 63: Aecon Group Inc., History
Table 64: Aecon Group Inc., Key Employees
Table 65: Bird Construction Inc., Key Facts
Table 66: Bird Construction Inc., Main Services
Table 67: Bird Construction Inc., History
Table 68: Bird Construction Inc., Key Employees
Table 69: IBI Group Inc., Key Facts
Table 70: IBI Group Inc., Main Services
Table 71: IBI Group Inc., History
Table 72: IBI Group Inc., Key Employees
Table 73: Brookfield Residential Properties Inc., Key Facts
Table 74: Brookfield Residential Properties Inc., Main Services
Table 75: Brookfield Residential Properties Inc., History
Table 76: Brookfield Residential Properties Inc., Key Employees
Table 77: Timetric Construction Market Definitions