Q4 2020 Canada Construction Survey Report & Live Webinar on Thursday
Construction market recovery strengthens, led by infrastructure, residential
Canada’s construction market appears to be on much firmer footing, according to data from the RICS-CIQS Canada Construction Monitor. Nationally, the Construction Activity Index (CAI) increased from +11 in Q3 to +19 in Q4, indicative of the market being in expansionary territory and well off the low of -16 recorded in Q1. The reading of +19 indicates that the Canadian market is tracking ahead of a more tepid recovery in the global construction market; globally the CAI came in at +3, indicative of more of a stabilization than a recovery.
- Infrastructure, residential lead recovery
- Price of materials drive construction costs
- Hiring expected to resume in 2021
- Financial conditions remain tight
Live Webinar on Thursday
Join on February 11th for a live webinar to discuss the RICS Global Construction Monitor: Q4 2020 Results – Europe and Americas.
RICS Global Construction Monitor is the leading indicator of conditions in construction and infrastructure markets around the world. In this webinar, RICS will present the results of the Q4 2020 survey. At the end of a difficult year, is there any evidence of light at the end of the tunnel?
CIQS has partnered again with RICS for the Canadian Q4 survey. Michael Gabert, PQS(F) will be representing CIQS and Canada as a panelist for this webinar.
- Simon Rubinsohn — Chief Economist, RICS
- Michael Gabert, PQS(F), MRICS — Regional Director, BTY (CIQS Panelist)
- David Johnson, MRICS — Managing Director, EMEA, Gleeds
- Simon Rawlinson, MRICS — Partner and Head of Strategic Research and Insight, Arcadis