Renewed residential activity and ongoing work on major non-residential
BuildForce Canada released its 2025–2034 Construction and Maintenance Looking Forward national forecast today. The outlook calls for investment activity to record
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The initial budget for the project is $84.7 billion by 2030. Another significant project, announced in January 2023, is the investment of $720 million by the Canadian manufacturing company Imperial in the largest renewable
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Selected entities will receive up to 50 per cent financial support for R&D projects. In the same month, the MNRE announced implementation guidelines, aiming to support pilot projects exploring novel methods and
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Renewed residential activity and ongoing work on major
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According to BuildForce Canada''s latest Construction and Maintenance Looking Forward report, investment in 2025 is expected to remain relatively stable across most provinces.
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Renewed residential activity and ongoing work on major non
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6 FAQs about [Expected ROI of residential ESS project in Canada 2025]
Is Ontario a good place to invest in construction in 2025?
Ontario led the way in January, recording strong investment in both multi-unit residential and industrial construction. According to BuildForce Canada’s latest Construction and Maintenance Looking Forward report, investment in 2025 is expected to remain relatively stable across most provinces.
Will the residential construction sector return to growth in 2025?
“A projected return to growth in the residential construction sector in 2025 will create further demands on the construction labour force into the late 2020s,” says Bill Ferreira, Executive Director of BuildForce Canada.
How is the Canadian residential construction market segmented?
The Canadian residential construction market is segmented by type (apartments/condominiums and villas/landed houses), and by key city (Edmonton, Calgary, Toronto, Vancouver, Ottawa, Montreal, and Rest of Canada). The Report Offers Market Sizes (USD) and Forecasts for all the Above Segments. Need A Different Region or Segment?
How much money did building construction make in January 2025?
To illustrate this point, total investment in building construction rose 1.8 percent to $22.1 billion in January 2025, compared to the previous month. The residential sector accounted for $15.4 billion, while non-residential investment reached $6.7 billion.
Will Saskatchewan's residential construction sector grow?
The outlook calls for Saskatchewan’s residential construction sector to grow steadily across the forecast period. Demand for new housing increases in response to a young and growing population, while renovation growth is more modest, given the province’s comparatively newer housing stock.
How will the housing market perform in 2025?
After remaining largely unchanged in 2025, investment in the residential sector is projected to chart a steady series of increases from 2026 to 2034. Activity is driven initially by strong demand for new-housing construction as interest rate pressures ease, and pent-up demand brings consumers back to the market.