Alberta’s construction market showed signs of a long-awaited recovery in 2021, thanks to a strong rise in residential-sector investment and increased major-project requirements. That growth and increasing heavy-industrial maintenance requirements should lead to an even stronger pace in 2022.
BuildForce released its 2022–2027 Construction and Maintenance Looking Forward report for the provinces on March 17.
“British Columbia’s economic growth recovered strongly in 2021. That trend should continue into 2022 and beyond, supported by strong levels of consumption and continued growth in residential and non-residential investment,” stated BuildForce executive director Bill Ferreira in a statement. “Demands in both sectors should be sustained across the forecast period.”
