Canada market intelligence 2021: emerging from COVID

Gerard McCabe

Managing Director

North America

The 2021 edition of our market intelligence report for Canada provides market analysis and a construction cost guide for a wide range of building asset classes across major cities in Canada.

Despite uncertainty in the market due to the nation’s ongoing efforts to flatten the curve, Canada’s economy is forecast to rebound robustly in 2021 as a result of support by strong government fiscal and monetary stimulus.

Economic overview

Like other regions around the globe, Canada’s economy contracted by 1.9 percent in the March quarter and 11.3 percent in the June quarter, which placed the country into its deepest recession on record.

However, consumer confidence was on the rise during the latter part of 2020. The roll-out of the vaccine across the country and declining COVID-19 cases have contributed to boosting confidence across markets and driving new investment.

Emerging from COVID and positive outcomes

This issue focuses on emerging from COVID and positive business outcomes including responding to challenges in the infrastructure sector, embracing data-led solutions and the future of long-term care: 

  • Realising the extraordinary – organisations globally are navigating a series of challenges as they respond to the disruption of the past year. This is prompting a rethink in ways of investing, planning, developing and delivering infrastructure assets.
  • Data-led solutions – COVID-19 has forced organisations to seek innovative solutions to solve data-based collection challenges. To survive this changing environment, major industries will need to confront these challenges head-on and determine approaches that will stand the test of time.
  • The future of long-term care – the COVID-19 pandemic has drastically affected numerous sectors worldwide. Long-term care (LTC) has been significantly impacted, however, with the acceleration of LTC programmes by the provincial government, we will begin to see the modernisation of LTC facilities to provide seniors with quality care.

For all the analysis and insights on the Canadian construction market, including the construction cost guide for a broad range of building asset classes for 11 cities across Canada download the full report, by completing this short form.

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Gerard McCabe
Managing Director

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