Planned Construction Spending in Canada in 2008 to be +5.0%

 |  from BuildingTeam Construction Forecast - Canada

Statistics Canada has recently made available the results from its latest survey of major owners entitled Private and Public Investment in Canada, Intentions 2008. The results reveal much about what is going on in the country and the regional shifts that are occurring. Total current dollar construction investment in Canada in 2008 is expected to be $219 billion. This will be a 5.0% increase from the previous year. The 2007 increase versus 2006 had been a similar +6.0%, but the mix will be quite different this year.