Canada’s construction sector faced unprecedented challenges when the COVID-19 pandemic ravaged the global economy, but the speed of the industry’s recovery showed just how resilient it was all along. Although challenges still remain, this year’s Canada Construction Forecast 2022 shows that even brighter days are ahead for the industry.
“There has never been a better time to embrace change and digitally connect your field and office teams. Ongoing innovation will enable the industry to keep pace with increasing complexity and build smarter,” said Jas Saraw, 鶹Ƶ Technologies VP, Canada.
The forecast takes a comprehensive look at the year ahead with highlights that include:
Speed of Recovery Surpassing Expectations
Forecasting by Global-Data had predicted Canada’s construction sector would grow 2.5 per cent in 2021, but the actual figure is expected to be as high as 6.5 per cent. This is in large part due to an influx of investment into the residential construction sector, progress with vaccinations, and increased public spending in infrastructure and clean energy projects.
However, this unexpectedly speedy recovery is at odds with the pandemic-constrained