b'BUILDFORCEAlthough market pressures should ease in the residential sector inin line with lowering demand for new construction. Its non-2023 and 2024 as demand for new housing contracts in responseresidential sector will be supported in the short term by work to interest rates, activity in most provinces non-residential sectorson major projects in Montreal and Quebec City. Growth will could remain elevated well into the middle years of our forecastfluctuate in later years as these works conclude.period, given the high volume of large projects currently underway in many regions of the country, says Bill Ferreira, ExecutiveOntarios construction market enters the forecast period at a time Director of BuildForce Canada. of significant growth. Although the pace of residential activity CONSTRUCTION MARKETS EXPECTED TO REMAIN STRONG,in 2023 and 2024 is projected to moderate from previous record DESPITE A NEAR-TERM CONTRACTION highs, it nonetheless remains elevated and returns to growth Across the Atlantic provinces, construction activity is either at,in 2025. The non-residential sector continues to be driven by a or will soon reach, near-term peaks. The provinces respectivelarge inventory of major infrastructure projects and a projected residential sectors will initially contract before returning to growthrecovery in commercial-building construction. Unemployment between 2024 and 2026, with demand for renovation activityshould remain at or near record-low levels.projected to remain elevated. Activity in the non-residential sectorIn Manitoba, non-residential construction activity has been will fluctuate in line with various large-scale projects such as thebolstered by work on a series of infrastructure projects. These refurbishment of the Mactaquac Dam in New Brunswick, the Westprojects cycle up and down across the forecast period, alongside White Rose redevelopment in Newfoundland and Labrador, andstrong government investment and a rebounding commercial several civil and health-care projects. Only Nova Scotia and New Brunswick are expected to report employment growth across thesector. As housing starts to recede from recent highs, the forecast period. renovation and maintenance sector is poised to become the dominant driver of residential employment in the province.Construction activity in Quebec will be affected by competing factors. After reporting a strong year in 2022, the provincesSaskatchewans construction sector should rise to a peak in 2027, residential sector is expected to decline across the forecast period,sustained by strong growth in its residential sector post 2023 and new and ongoing manufacturing, utility, mining, school and health-care projects. A younger demographic is well positioned to replace retiring workers.SCAFFOLD PLANK Albertas construction outlook is driven by competing pressures. Laminated or Solid Sawn The residential sector, and particularly its new-housing segment, faces a series of contractions through 2032. Strong gains in renovation activity should help to partially offset the anticipated declines. The non-residential sector, on the other hand, is projected to rise to peak employment by 2030 on the strength of ongoing major road and highway, health, education, commercial, industrial and public-transportation projects, as well as growth in the oil and gas sector.The outlook for British Columbias construction sector sees varying trends. The residential sector is expected to recover DEPENDABLE PRODUCTS WITHswiftly after 2024 as interest rates ease and the renovation sector SERVICE YOU CAN TRUST! expands. Meanwhile, activity in the non-residential sector will fluctuate with the ebb and flow of work on several major projects Master PlankDuraLam Member ofand is underpinned by growth in maintenance work.Superior StrengthLight WeightProof-Tested Third Party InspectedExceed O.S.H.A & C.S.A Standards Labour markets in many provinces are experiencing tight Machine Stress Rated SYP Scaffold Plank conditions, so much so that it has become extremely challenging O.S.H.A. CompliantStamped 800-365-9663 for companies to recruit workers from other regions or even from Rodded EndsClipped Corners www.mccausey.com other provinces, says Ferreira. The situation is complicated by Solutions for the anticipated retirement of older and experienced workers. unique applications. Although younger workers are certainly capable and well trained, Family owned & operated they lack the years of experience, skills and knowledge of the for more than 100 years older workers they are replacing.22THE OFFICIAL PUBLICATION OF THE ACCESS ASSOCIATION OF CANADA'