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OTTAWA, March 28, 2024 (GLOBE NEWSWIRE) -- Canada’s construction sector experienced a slight contraction in 2023, as growth in the non-residential sector was offset by a moderate decline in activity in the residential sector. Despite this trend, the industry continues to perform at an elevated level, and is poised to grow through 2033. BuildForce Canada released its 2024–2033 Construction and Maintenance Looking Forward national forecast today. The report finds that activity in the residential a

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

OTTAWA, March 27, 2024 (GLOBE NEWSWIRE) -- The components of Alberta’s construction sector saw mixed fortunes in 2023. Activity in the province’s non-residential sector grew modestly with an increase in the construction of industrial, commercial, and institutional (ICI) buildings and in the oil and gas sector. Meanwhile, residential construction demand, which had been performing at elevated levels in recent years, contracted under the pressure of rising interest rates. BuildForce Canada released

BuildForce Canada published its 2024–2033 Construction and Maintenance Looking Forward report for Ontario today. The outlook calls for......

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