Canadian Market Overview
Oct 22, 2020
In recent years, Canada has implemented an open immigration policy, and population growth will drive demand and prosperity in the construction market. Ontario plans to invest 130 billion U.S. dollars in public infrastructure construction in the next 10 years, and the Canadian construction industry was valued at 293 billion U.S. dollars in 2015. The contribution rate of the construction industry to Canada’s GDP is 6%. Canada is now the seventh largest construction market in the world and is expected to rise to fifth in 2020. In 2015, the number of new housing starts was 207041, and the number of renovations and renovations of commercial buildings was almost the same as the number of new constructions.
