BTY Group's Market Intelligence Report for Q4 2013 forecasts stable
workloads and escalation
TORONTO, Dec. 17, 2013 /CNW/ - Major energy, resource, infrastructure
and commercial projects will counterbalance reduced residential
activity to deliver stable workloads and escalation in 2014, according
to BTY Group's annual Market Intelligence Report on construction costs
Increased labour demand for skilled trades, due in part to a large
number of retiring workers, will vary by region and sector.
"We expect fairly healthy levels of activity across Canada despite an
anticipated general residential slowdown nationwide, excepting Alberta
and BC," said Joe Rekab, Managing Partner at BTY Group.
"Large - and often remote - energy and resource projects, with renewed
infrastructure spending, will also spur increased labour demand in some
In Ontario, strong mining investment in the north, renewed horizontal
and vertical infrastructure spending and sustained commercial
construction in the GTA will keep workloads stable.
Still strong oilsands investment, flood reconstruction, record high
in-migration and a commercial building boom will help sustain Alberta's
robust construction activity and drive Canada's strongest residential
Continuing investment in transportation and healthcare infrastructure
and multibillion-dollar mining and energy projects will help Quebec
Sustained investment in resource and energy development and continued
high levels of in-migration will see Saskatchewan keep its place as a
growth leader - with strains on labour supply.
Strong shipbuilding and commercial construction, and healthy
in-migration that sustains residential activity, will keep BC humming
as massive LNG and hydro projects get underway and propel the province
to solid long-term growth.
BTY Group has been publishing its annual industry review of construction
cost forecasts across Canada since 2003. Over the years the 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 North America's leading providers of Cost
Management, Project Monitoring and Public-Private Partnership Advisory
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SOURCE: BTY Group
For further information:
Contact: Saira Muzaffar, Marketing & Communications Manager