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Canadian Construction Market
Insight and Analysis of Construction Industry Trends
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Latest Canadian Market NewsA strange brew - low construction starts, near zero interest rates and asset price bubbles U.S. and Canada move away from deflation in October Rising living standards mean economics may no longer be the ‘dismal science’
Starts remain low in CanaData’s latest forecasts, but there are signs of a pickup in optimism
CanaData’s forecast for total non-residential building construction starts nation-wide in 2009 now stands at 45.5 million square feet. This is about half of what it was two years ago in 2007 at 92.1 million. Last year was the first year of decline in the recession and the square footage of ICI starts (industrial, commercial and institutional) dropped to 75.5 million. The new slightly revised forecasts for 2010 and 2011 are for 56.0 million and 70.0 million square feet respectively. Commercial building starts in 2009 are now estimated at 22.0 million square feet versus 45.6 million in 2008 and 58.0 million … |
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