Dominique EL HELOU’s Post

Canada's building construction sector shows strong growth, according to the latest data: ✅ Total investment up 2.8% to $21.4 billion in June ✅ Residential sector leads with 3.8% increase to $15.0 billion ✅ Non-residential sector edges up 0.4% to $6.4 billion ✅ Year-over-year growth of 10.0% Key highlights: ✅ Quebec drives residential growth for second consecutive month ✅ Multi-unit construction investment up 6.0% ✅ Commercial component leads non-residential growth ✅ Q2 2024 marks the fourth consecutive quarterly increase, with total investment reaching $62.8 billion, up 7.2% year-over-year. These figures reflect the robust health of Canada's construction industry, driven by strong demand in both residential and non-residential sectors. Read further with BJ Electric for more details: https://bit.ly/3XmjUbn

Investments in building construction increased slightly by 0.2 per cent to $12 billion in August, according to Statistics Canada. This comes after a decrease of 1.6 percent in July. Despite the slight increase overall, investments in residential building construction fell by 0.1 per cent in August. Monthly decreases were recorded in four provinces, led by Quebec (down $126.4 million). On the non-residential side, investments rose 1.0 per cent to $6.4 billion in August, marking a record high level for the sector.

Tough times ahead for Canada’s construction industry. In 2023, Canada’s construction industry is estimated to have shrunk by 1.7% in a year, categorized by a weak economy, high prices, and falling building permits. Total construction investments fell by 12.3% year-on-year in the first 11 months of 2023, with the residential sector experiencing a significant 18% decline. In addition, just three of the country’s 13 provinces reported an increase in total building permits throughout 2023. Thanks to rising prices, labour shortages, and high interest rates, the industry is also predicted to shrink a further 3.1% in 2024. What do you think will be the key to turning these trends around once and for all? https://lnkd.in/grcVGYSS #Construction #Recruitment #Engineering

Tough times ahead for Canada’s construction industry. In 2023, Canada’s construction industry is estimated to have shrunk by 1.7% in a year, categorized by a weak economy, high prices, and falling building permits. Total construction investments fell by 12.3% year-on-year in the first 11 months of 2023, with the residential sector experiencing a significant 18% decline. In addition, just three of the country’s 13 provinces reported an increase in total building permits throughout 2023. Thanks to rising prices, labour shortages, and high interest rates, the industry is also predicted to shrink a further 3.1% in 2024. What do you think will be the key to turning these trends around once and for all? https://lnkd.in/gHniEmtZ #Construction #Recruitment #Engineering

Investment in building construction rose 2.1 per cent to $21.6 billion in September, following a 0.2 per cent increase in August, reports Statistics Canada. Both the residential and non-residential sectors saw increases. Specifically, investment in building construction in the residential sector rose 2.9 per cent to $15.2 billion. Increases were recorded in seven provinces and three territories, led by Ontario (up $232.1 million). In the non-residential sector, construction investments rose slightly, up 0.3 per cent to $6.4 billion in September. Industrial and commercial components increased, up 1.3 per cent and 0.4 per cent, respectively.

Tough times ahead for Canada’s construction industry. In 2023, Canada’s construction industry is estimated to have shrunk by 1.7% in a year, categorized by a weak economy, high prices, and falling building permits. Total construction investments fell by 12.3% year-on-year in the first 11 months of 2023, with the residential sector experiencing a significant 18% decline. In addition, just three of the country’s 13 provinces reported an increase in total building permits throughout 2023. Thanks to rising prices, labour shortages, and high interest rates, the industry is also predicted to shrink a further 3.1% in 2024. What do you think will be the key to turning these trends around once and for all? https://lnkd.in/gkmQzCsG #Construction #Recruitment #Engineering

Tough times ahead for Canada’s construction industry. In 2023, Canada’s construction industry is estimated to have shrunk by 1.7% in a year, categorized by a weak economy, high prices, and falling building permits. Total construction investments fell by 12.3% year-on-year in the first 11 months of 2023, with the residential sector experiencing a significant 18% decline. In addition, just three of the country’s 13 provinces reported an increase in total building permits throughout 2023. Thanks to rising prices, labour shortages, and high interest rates, the industry is also predicted to shrink a further 3.1% in 2024. What do you think will be the key to turning these trends around once and for all? https://lnkd.in/gT2qQtG3 #Construction #Recruitment #Engineering

Tough times ahead for Canada’s construction industry. In 2023, Canada’s construction industry is estimated to have shrunk by 1.7% in a year, categorized by a weak economy, high prices, and falling building permits. Total construction investments fell by 12.3% year-on-year in the first 11 months of 2023, with the residential sector experiencing a significant 18% decline. In addition, just three of the country’s 13 provinces reported an increase in total building permits throughout 2023. Thanks to rising prices, labour shortages, and high interest rates, the industry is also predicted to shrink a further 3.1% in 2024. What do you think will be the key to turning these trends around once and for all? https://lnkd.in/edsW3yRY #Construction #Recruitment #Engineering

Investment in building construction declines in July According to the latest from Statistics #Canada, month-over-month investment in #BuildingConstruction across Canada decreased 1.7% to $20.9 billion in July, following increases reported in both May (+0.7%) and June (+2.7%). However, overall investment in #building #construction year-over-year showed an increase of 7% in July. The month-over-month trend for both the residential (-2.2% to $14.6 billion) and non-residential (-0.4% to $6.3 billion) sectors showed declines in July. Overall, single-family home investment decreased 2.2% (-$148.9 million) with 11 provinces and territories posting declines. Saskatchewan (+$6.4 million) and Nunavut (+$1.2 million) were the only regions to record increases. Investment in multi-unit construction also decreased 2.2% (-$181.1 million) largely driven by Quebec which had experienced strong growth in May and June. Gains in multi-unit residential in Ontario (+$105.6 million) offset some of the decrease in Quebec. In non-residential construction, the industrial component decreased 2.1% in July, marking its fourth consecutive monthly decline. Alberta was the only province to record an increase. Investment in the commercial construction edged down 0.4% with declines were posted in five provinces and two territories, led by Quebec (-$9.6 million) and Alberta (-$4.8 million). These declines were moderated by increases in six provinces and territories, driven by British Columbia (+$6 million). Only the institutional component (+0.8%) recorded an overall increase in July. Source:- https://lnkd.in/dX-6Q2Xv #latestnews #latestarticle #trendingnews #trend #topnews #todaysnews

Despite rebounding strongly from a c.15% Covid-driven decline in 2020 and exceeding 2019’s activity levels in 2022 and 2023, the UK’s construction sector is forecast to see an overall real spend contraction of -2.1% in 2024 according to PwC UK’s latest Construction and Housebuilding Outlook.