The Canadian economy continues to outperform its U.S. counterpart. This year, Canada's real GDP is expected to increase 2.1%, compared to a 1.6% increase in the U.S. Next year, the Canadian economy is expected to grow 2.4% versus a 2.2% gain in the U.S., according to McGraw-Hill Construction Analytic's 2012 outlook for the Canadian construction market.From a provincial standpoint, the provinces of Alberta, British Columbia and Saskatchewan will lead the country in growth, fueled by a booming resource sector. The larger provinces of Ontario and Quebec will be restrained by their weak housing markets.Permits for residential and non-residential construction, which
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.