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Ontario Construction Forecast 2013

Good news for everyone out there in the construction industry – we’re supposed to see a steady increase in construction activity this coming year. That means more jobs, more work, and a better economy.

Overall in Ontario, residential, industrial, commercial, and institutional construction are all expected to experience growth. Residential construction employment will increase modestly, but the most jobs will be found in non-residential construction.

Boiling the forecast down to a few key points:

  • New housing should increase everywhere except Eastern Ontario, where the residential sector will weaken.
  • Renovation will have modest growth.
  • Look for the most growth in industrial, commercial, and institutional construction across Ontario.
  • Engineering construction, such as large mining and electric power facilities, will experience a boom in Northern Ontario in 2013 and in the GTA in 2015-2018.
  • Employment in Northern Ontario will be at peak levels in 2013 due to engineering construction projects (Thunder Bay, for example, is expecting a rise in construction).
  • Newfoundland and Labrador, Saskatchewan, and Manitoba will also be key places of growth in 2013 because of mining, utility, and other resource projects.

It looks like 2013 is going to be a strong year for construction in Ontario, in terms of both expansion and employment. That’s what we like to hear.

>>Think you might need some new equipment to take on 2013? Visit us at our showroom at 1919 Wilson Avenue, Toronto to check out our wide collection of high quality construction equipment.

(Image source: http://www.cbc.ca/news/canada/thunder-bay/story/2013/01/02/tby-contstruction-outlook-thunder-bay.html)