Though still not back to pre-recession levels, Canada’s commercial construction sector appears to be improving, according to a number of recent reports. The latest statistics from CanaData indicate that construction spending has seen relatively strong quarterly increases through the final quarter of this year, despite declines the second, third and fourth quarters of 2011.
Specifically, the volume of commercial building has risen in seven of Canada’s 11 major metropolitan areas this year, according to CanaData. Montreal, the second-largest city in Canada, has experienced a 33.7 percent uptick in commercial building in 2012.
The Journal of Commerce reports that this increase in commercial construction coincides with a rise in office-based employment, which has jumped by a significant margin over the past year in [Read more…] about Commercial Construction Surges in Canada