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

Interior Health update. File photo.
86 new COVID-19 cases, two more deaths in Interior Health

The new deaths are from Heritage Square, a long-term care facility in Vernon

Kimberley Alpine Resort's main chairlift will be down for at least a few more days, as the required part missed its connecting flight.
Kimberley Alpine Resort’s chairlift repair delayed

Part needed for repair missed connecting flight in Amsterdam

Kimberley has only two exits in the case of an emergency evacuation. Google Earth.
Kimberley Fire Department to work on upgrading evacuation route planning

City supports RDEK in applying for regional grant

A woman wearing a protective face mask to curb the spread of COVID-19 walks past a mural in Victoria, B.C., on Monday, Dec. 7, 2020. THE CANADIAN PRESS/Marissa Tiel
115 new COVID-19 cases, no new deaths in Interior Health

There are now a total of 4,970 cases in the region

Health Minister Adrian Dix and provincial health officer Dr. Bonnie Henry head for the press theatre at the B.C. legislature for an update on COVID-19, Jan. 7, 2021. (B.C. government)
B.C.’s COVID-19 spread steady with 509 new cases Friday

Hospitalized and critical care cases decline, nine deaths

Seasonal influenza vaccine is administered starting each fall in B.C. and around the world. (Langley Advance Times)
After 30,000 tests, influenza virually nowhere to be found in B.C.

COVID-19 precautions have eliminated seasonal infection

Prime Minister Justin Trudeau listens to a question during a news conference outside Rideau cottage in Ottawa, Friday, January 8, 2021. THE CANADIAN PRESS/Adrian Wyld
Trudeau says Canada’s COVID vaccine plan on track despite Pfizer cutting back deliveries

Canadian officials say country will still likely receive four million doses by the end of March

Jobs Minister Ravi Kahlon shared a handwritten note his son received on Jan. 13, 2021. (Ravi Kahlon/Twitter)
Proud dad moment: B.C. minister’s son, 10, receives handwritten note for act of kindness

North Delta MLA took to Twitter to share a letter his son received from a new kid at school

Lilly and Poppy, two cats owned by Kalmar Cat Hotel ownder Donna Goodenough, both have cerebellAr hypoplasia, a genetic neurological condition that affects their ability to control their muscles and bones. Photo by Alistair Taylor – Campbell River Mirror
VIDEO: Wobbly Cats a riot of flailing legs and paws but bundles of love and joy to their owner

Woman urges others to not fear adopting cats with disabilities

Join Black Press Media and Do Some Good
Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

A COVID-19 outbreak at Vernon's Heritage Square long-term care home has claimed seven people. (Jennifer Smith - Morning Star)
Two more COVID-19 deaths at Vernon care home

Heritage Square has now lost seven people due to the outbreak

Chief public health officer Dr. Theresa Tam provides an update on the COVID-19 pandemic in Ottawa on Friday, Jan. 8, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Canada’s top doctor says to avoid non-essential travel as B.C. explores legal options

Premier John Horgan says he is seeking legal advice on whether it can limit interprovincial travel

Martin Luther King Jr. addresses the crowd during the march on Washington, D.C., in August of 1963. Courtesy photo
Government reinforces importance of anti-racism act on Black Shirt Day

B.C. Ministers say education “a powerful tool” in the fight for equity and equality

Most Read