Canada’s construction industry: Beyond COVID-19

Gerard McCabe

Managing Director

North America

While Canada and the rest of the world continue the fight to flatten the curve – economic recovery remains slow. The future is unpredictable, but with its strong economic and political fundamentals, Canada should head into this uncertainty in a position of strength relative to other countries.

The fall edition of our Canada market intelligence report provides an analysis of Canada's construction economy. Along with a national economic overview, we have included an in-depth analysis of the provincial construction markets in British Columbia, Alberta and Ontario.  

British Columbia

While the residential market did see a significant drop once COVID-19 hit the British Columbia (BC) market, it has since recovered quite sharply with new housing starts. Demand for residential housing in the greater Vancouver area remains strong both in sales and rentals.

Alberta

Despite increasing COVID-19 cases in Alberta, no new restrictions were applied. The double impact of oil demand destruction and economic slowdown continue to impact the province and are expected to keep unemployment in double digits until late in 2021 despite an improvement in the last quarter.

Ontario

Construction activity continues to drive the economic recovery in Ontario. Both the Ottawa and Toronto markets remain strong, fuelled by strong investment in residential and infrastructure projects.

Productivity on construction sites continues to be a major focus

The peak of the pandemic was apparent in the first and second quarter, however, during the third quarter we began to see signs of recovery. While a significant number of jobs were lost earlier in the year, according to Statistics Canada, by August, 1.9 million jobs had been recovered. Canada continues to face unprecedented times similar to other countries around the globe, however, we remain optimistic we will see positive growth across the construction and other sectors in 2021.

For all the analysis and insights on the Canadian construction market, download the full report by completing this short form.

Read our privacy policy | Contact us

Turner & Townsend, 2 St. Clair Avenue West, Floor 12, Toronto, Ontario M4V 1L5, Canada

Further resources

Please visit our COVID-19 response page for all of our resources relating to the impact of COVID-19 on the construction sector.

For further information contact:

Gerard McCabe
Managing Director

t: +1 (416) 925 1424
e: