A worker smooths concrete at a residential housing construction site in Toronto, Thursday, Jan. 16, 2020. Consultants at BTY say construction activity could pick up next year in many provinces, amid anticipated spending on infrastructure and renewable energy.THE CANADIAN PRESS/Cole Burston

A worker smooths concrete at a residential housing construction site in Toronto, Thursday, Jan. 16, 2020. Consultants at BTY say construction activity could pick up next year in many provinces, amid anticipated spending on infrastructure and renewable energy.THE CANADIAN PRESS/Cole Burston

Construction spending could rebound next year amid government support, report says

Government stimulus spending could help the construction industry find its footing next year

Consultants at BTY Group say construction activity could pick up next year across the country amid anticipated spending on infrastructure and renewable energy.

The international consulting firm says it predicts construction costs will rise three per cent to five per cent in 2021 for Ontario, British Columbia, and Quebec, with lower spending levels in Alberta and Manitoba amid new restrictions from the COVID-19 pandemic.

Meanwhile, BTY estimates that construction costs in Saskatchewan and Atlantic Canada could be flat or rise up to two per cent, as low interest rates offset rising oil and lumber prices.

The consultancy says there is uncertainty around home construction, given this year’s drop in immigration and foreign investment during the pandemic.

But BTY’s report also says government stimulus spending could help the construction industry find its footing next year.

BTY pointed to the federal government’s growth plan, which calls for a $10 billion investment in renewable energy, broadband infrastructure, building retrofits, agriculture irrigation and electric vehicle charging stations.

READ MORE: Wood products pricing surge expected to persist, raising 2021 house, renovation costs

The Canadian Press


Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

ConstructionCoronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Oceanside RCMP Cpl. Jesse Foreman visits the PQB News/VI Free Daily studios. (Peter McCully photo)
PQBeat: Interview with Oceanside RCMP operational support NCO Cpl. Jesse Foreman

Podcast: Talk includes policing, commercial fishing, COVID-19, Tour de Rock and more

People skate on a lake in a city park in Montreal, Sunday, January 10, 2021. THE CANADIAN PRESS/Graham Hughes
The end of hugs: How COVID-19 has changed daily life a year after Canada’s 1st case

Today marks the one year anniversary of COVID-19 landing in Canada

(File photo)
Case of COVID-19 confirmed in School District 69 (Qualicum)

Individual was at PASS/Woodwinds, with a last date of attendance of Jan. 22

Crews with Discovery Channel film as an Aggressive Towing driver moves a Grumman S2F Tracker aircraft around a 90-degree turn from its compound and onto the road on Saturday, Jan. 23, 2021. It was the “most difficult” part of the move for the airplane, one organizer said. (Jenna Hauck/ Chilliwack Progress)
VIDEO: Vintage military plane gets towed from Chilliwack to Greater Victoria

Grumman CP-121 Tracker’s eventual home the British Columbia Aviation Museum on Vancouver Island

(AP Photo/Elaine Thompson, File)
16% boom predicted for B.C. real estate sales in 2021: experts

Along with sales, the average price of homes is also predicted to rise, by nearly 8 percent

The trial of Harry Richardson began Monday at the Nelson courthouse. File photo
Trial of man accused of shooting RCMP officer in West Kootenay in 2019 begins

Harry Richardson is facing five charges in a Nelson courtroom

FILE – Canadian Prime Minister Justin Trudeau delivers his opening remarks at a news conference outside Rideau cottage in Ottawa, Tuesday, January 19, 2021. THE CANADIAN PRESS/Adrian Wyld
Vaccine CEO ‘very, very clear’ that Canada’s contracts will be honoured: Trudeau

Trudeau says he spoke to Moderna CEO on the morning of Jan. 26

Brad Windsor has been an advocate for years to get sidewalks installed along Milburn Drive in Colwood, but to no avail. He wants city council to commit to making Milburn a priority lane for sidewalk construction in the future. (Aaron Guillen/News Staff)
VIDEO: Dramatic crash caught on B.C. home security camera

Angry residents say video highlights need for sidewalks in B.C. residential neighbourhood

An independent review is underway at the Royal BC Museum after employees called out systemic, individual racism at the institution. (Twitter/RBCM)
Royal BC Museum faces allegations of systemic racism, toxic work environment

Formal investigation, survey and training launched at museum

In this May 23, 2012, file photo, an approximately 2-year-old female cougar runs away from a Washington Department of Fish and Wildlife trap after being released northeast of Arlington, Wash. A cougar has attacked and severely mauled a man in British Columbia. THE CANADIAN PRESS/AP-Mark Mulligan/The Daily Herald via AP
Cougar euthanized in B.C. after severely mauling a man north of Vancouver

Whistler RCMP officers were first on the scene and shot and killed a cougar prowling nearby

Dex needs surgery after breaking his paw in the panic caused by an apartment fire. (Submitted)
Dog needs surgery after escaping burning North Island building

Fundraiser started for veterinarian costs after Dex breaks paw dropping from upper floor apartment

Residents of the Cowichan Valley decorated more than 55 vehicles with anti-racist slogans for a car rally in support of Cowichan Tribes on Saturday, January 24. (Kevin Rothbauer/Citizen)
Dozens join anti-racism car rally and virtual panel in Cowichan Valley

Provincial ministry and BC Green caucus issue joint statement detailing concerns

Most Read