BTY Group's Market Intelligence Report for 2013 forecasts stable growth, minimal price increases
January 8, 2013 by CNW Newswire
VANCOUVER, Jan. 8, 2013 /CNW/ – Private sector investment and ongoing infrastructure spending will lead the way in keeping construction workloads steady with minimal price increases in 2013, according to BTY Group’s annual Market Intelligence Report on construction costs across Canada.
“We expect reasonably healthy levels of activity across Canada despite a residential slowdown across most of the country and lower than expected growth in the U.S.,” said Joe Rekab, Managing Partner at BTY Group. “Strong private sector investment in energy, resource and commercial-retail – with continued infrastructure spending – should offset a cooling housing market in every province except B.C. and Alberta.”
BTY Group has been publishing its annual industry review of construction cost forecasts across Canada since 2003. Over the years, the Market Intelligence Report has earned a reputation in the development, property and finance communities for crucial insight on factors behind the changing marketplace and reliable unit rate cost projections for the coming year. A full copy of the report can be accessed on BTY Group’s website at www.bty.com.
About BTY Group
With eight offices across the country and more than three decades of experience in serving the construction and development industries, BTY Group is one of Canada’s leading providers of Cost Management, Project Monitoring and Public- Private Partnership Advisory services.
Canada, construction, development, cost escalation, price increases, forecast, 2013, transportation, energy, mining, residential, non-residential, health care, BC, Alberta, Saskatchewan, Ontario, Quebec
SOURCE: Independent Contractors and Businesses Association of BC (ICBA).