BTY Group's Market Intelligence Report for 2012 forecasts steady
workloads with low escalation
TORONTO, Jan. 6, 2012 /CNW/ - Diversification and continued strong
investment in the transportation, energy, mining and healthcare sectors
will help keep construction workloads steady with low escalation in
2012, according to BTY Group's annual Market Intelligence Report on
construction costs across Canada.
"Even with lower than expected growth in the U.S., worries over European
bailouts and slower growth in residential construction in most of the
country, we expect reasonably healthy levels of activity across
Canada," said Joe Rekab, Managing Partner at BTY Group. "The story for
2012 is that strong energy, resource and infrastructure investment
should balance a cooling housing market in almost every province, with
the exception of BC and Alberta both of which will see gains in the
housing market over the previous year."
In Ontario, an ambitious horizontal and vertical infrastructure program
will lead, but concerns over deficit spending could put some projects
Oilsands investments of $24 billion in 2011 will fuel Alberta's
industry, and drive Canada's strongest residential growth.
New multibillion-dollar mining projects and on-going energy, healthcare
and transportation projects will keep Quebec busy.
More than $10 billion in new potash projects will boost construction in
BC will see both strong residential activity and increased private
sector investment in non-residential construction.
BTY Group has been publishing its annual review of construction costs
across Canada since 2003. Over the years, BTY Group's Market
Intelligence Report has earned a reputation in the development,
property and finance communities for crucial insight on factors behind
the changing marketplace and reliable unit rate cost projections for
the coming year.
A full copy of the report can be accessed on BTY Group's website at www.bty.com
About BTY Group
BTY Group is one of Canada's leading provider of Cost Management,
Project Monitoring and Public-Private Partnership Advisory consulting
Canada, construction, cost escalation, forecast, 2012, transportation,
energy, mining, residential, non-residential, healthcare, BC, Alberta,
Saskatchewan, Ontario, Quebec, economy, bailouts, housing,
SOURCE BTY Group
For further information:
Contact: Saira Muzaffar, Marketing & Communications Manager