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CANADIAN INDUSTRY ONLINE - JANUARY 2012
BUSINESS NEWS
CONSTRUCTION IN CANADA:
BRIGHT LIGHT AMID GLOBAL
GLOOM
** NEWS COURTESY OF CANADA NEWSWIRE
BTY Group’s Market Intelligence
Report for 2012 forecasts steady
workloads with low escalation
TORONTO, Jan. 6, 2012 /CNW/
- Diversification and continued
strong investment in the transpor-
tation, energy, mining and health-
care sectors will help keep construc-
tion workloads steady with low
escalation in 2012, according to BTY
Group’s annual Market Intelligence
Report on construction costs across
Canada.
“Even with lower than expected
growth in the U.S., worries over
European bailouts and slower
growth in residential construction
in most of the country, we expect
reasonably healthy levels of activity
across Canada,” said Joe Rekab,
Managing Partner at BTY Group.
“The story for 2012 is that strong
energy, resource and infrastructure
investment should balance a cooling
housing market in almost every
province, with the exception of BC
and Alberta both of which will see
gains in the housing market over
the previous year.”
• In Ontar i o , an amb i t i ous
hor i zonta l and ver t i cal inf ras t ruc ture
program wi l l l ead, but concerns over
def i c i t spending coul d put some
pro j ec t s on ho l d.
• Oi l sands inves tment s of $24
bi l l i on in 2011 wi l l fue l Al ber ta’s
indus t r y, and dr i ve Canada’s
s t ronges t res i dent i a l growth.
• New mul t i b i l l i on - do l l ar mining
pro j ec t s and on - go ing energy,
heal thcare and t ranspor tat i on
pro j ec t s wi l l keep Quebecbusy.
• More than $10 b i l l i on in
new potash pro j ec t s wi l l boos t
cons t ruc t i on in Saskat chewan.
• BC wi l l see both s t rong res i dent i a l
ac t i v i t y and inc reased pr i vat e
sec tor inves tment in non - res i dent i a l
cons t ruc t i on.
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