TORONTO—Despite one third of Canada’s construction employers reporting losses in 2015, there were a number of projects and acquisitions that were still a highlight for the industry, which creates optimism for 2016, a recent report indicates.
According to the Hays 2016 Salary Guide, the industry remains strong and there are still a significant number of projects in progress and in the pipeline that will drive business activity across the country.
"A number of acquisitions are seeing contractors such as Plan Group, Black & McDonald, and Modern Niagara, as well as consulting engineering firm WSP Global, strengthen their market share," it reads. "The end of the Pan Am Games has seen a more traditional construction environment return to Toronto with large civil projects such as the $8.4 billion Eglinton Crosstown line, and demand for housing is still driving high-rise and residential builds."
There is also a wave of major projects in British Columbia with Site C moving ahead and the Women’s and Children’s Hospital in Vancouver.
"Commercial and institutional construction drive the market in Montreal, where some sectors such as industrial are seeing a small downturn," the guide continues. "Central Canada has been hit the hardest by the economic changes, but school builds in Saskatchewan and Alberta are going ahead, and government infrastructure projects are likely to drive some activity in 2016."
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