CanaData’s Latest Square Footage Forecasts – January 2008

 |  from BuildingTeam Construction Forecast - Canada

The accompanying table sets out CanaData’s latest square footage forecasts for ICI construction in Canada, by region, out to 2010. ICI stands for industrial, commercial and institutional. These are the three major non-residential building construction categories. Total ICI starts in 2007 were a little lower than had been expected due to a weak fourth quarter. 2008 forecast levels have been adjusted down as well, to take into account the spillover effects of the slowdown in the U.S. economy.