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A strong rebound in the residential sector drives construction employment forward in Saskatchewan

OTTAWA, March 27, 2024 (GLOBE NEWSWIRE) As was the case in many provinces, Saskatchewan’s construction sector saw modest growth in 2023. Investment levels in the non-residential sector rose notably in response to strong activity in transportation, manufacturing, resource, and public infrastructure projects. Investment in the residential sector, meanwhile, contracted as interest rates rose. The BuildForce Canada 2024–2033 Construction and Maintenance Looking Forward report for Saskatchewan, re ....

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Construction demands in Ontario remain elevated through 2029

OTTAWA, March 26, 2024 (GLOBE NEWSWIRE) Although activity in Ontario’s residential sector slowed in 2023 in response to rising borrowing and construction costs, the province’s non-residential sector continued its steady growth trend, and shows little sign of slowing until at least the late 2020s. BuildForce Canada published its 2024–2033 Construction and Maintenance Looking Forward report for Ontario today. The outlook calls for strong growth across both the residential and non-residential se ....

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Major project activity will create construction growth in Newfoundland and Labrador to 2033, but may exacerbate labour shortages

OTTAWA, March 25, 2024 (GLOBE NEWSWIRE) Construction and maintenance activity in Newfoundland and Labrador increased slightly in 2023 as a gain in non-residential construction investment more than offset a slight contraction in the provincial residential construction sector. The former has benefitted from a series of projects in engineering construction, and strong activity in industrial, commercial, and institutional buildings construction, while the latter has been curtailed by rising inter ....

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