Canada Construction Industry Report 2024: Output to Decline by 3.1% in Real Terms this Year with AAGR of 2.3% projected for 2025-2028 - ResearchAndMarkets.com
The construction industry in Canada is expected to decline by 3.1% in real terms in 2024, amid high construction prices, a shortage of skilled labour, monetary tightening, and a fall in building permits.
- The construction industry in Canada is expected to decline by 3.1% in real terms in 2024, amid high construction prices, a shortage of skilled labour, monetary tightening, and a fall in building permits.
- The negative growth is also attributed to the cessation and delays of construction activity of various projects.
- Previously in December 2023, the Royal Bank of Canada announced CAD9.3 billion ($7 billion) for financing affordable housing construction across Canada.
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Canada, featuring details of key growth drivers.