The contribution of the construction sector to Canada's GDP is projected to increase consistently from 2024 to 2028, with year-on-year growth rates showing a steady upward trajectory. In 2023, the construction sector's contribution was solid, setting the foundation for continued growth over the forecasted period. The compound annual growth rate (CAGR) over these five years indicates a stable annual increase, highlighting the resilience of the construction industry amid evolving economic conditions.
Future trends to watch for include:
- Infrastructure developments driven by government investments.
- The impact of technological advancements on construction efficiency and costs.
- Market reactions to potential shifts in housing demand and urbanization.
- Environmental regulations influencing sustainable building practices.
Latest reports
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UK Construction Market Report- Q1 2025
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Brazil Construction Market Report- Q1 2025
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