Commercial Building Construction in Canada - Market Research Report (2014-2029)

Under construction: Tighter financial conditions and lower property values are expected to pose a challenge to builders

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.

The Commercial Building Construction industry in Canada builds and maintains office, retail, hotel and entertainment structures. Industry growth was determined by broader macroeconomic performance, which has been driven by commodity prices, corporate valuations and financial conditions. The COVID-19 pandemic weighed on commercial construction projects earlier in the period. Overall, industry revenue has been increasing at a CAGR of 0.1% over the past five years, and is expected to reach $36.9 billion in 2023, with an expected 1.5% growth in the current year.

This industry constructs office, retail, hotel and entertainment buildings. Operators in this industry are responsible for new constructions, additions, alterations, maintenance and repairs. The majority of participants are general contractors or project managers. This industry does not include municipal building construction, which comprises institutional buildings such as schools, hospitals and churches.