OUTLOOK FOR 2021 IN THE CONSTRUCTION INDUSTRY

Although there is still uncertainty for 2021, industry activity is expected to return to normal in most sectors in 2021.

 

RESIDENTIAL SECTOR

The liveliness of the sector  Residential  will remain for a good part of next year, despite a slight decline expected.

The outlook for 2021 suggests a rebound in residential renovation investments.

 

INSTITUTIONAL AND COMMERCIAL SECTOR

Growth is expected mainly due to multiple institutional projects. The CCQ no longer counts the construction projects of seniors’ houses, repair, renovation and expansion of schools and hospitals.

A small reservation on the side of commercial construction should be noted since major real estate projects for commercial and residential purposes are already underway, and few new investment announcements are made due to economic uncertainty.

 

CIVIL ENGINEERING AND ROADS SECTOR

Work in the Civil Engineering and Roads sector will remain at roughly the same level as in 2020.

The roads and infrastructure sub-sector will show a slowdown due to an anticipated drop in municipal investment.

The hydroelectric sub-sector, for its part, will rebound with projects for power plants and power lines.

 

INDUSTRIAL SECTOR

The industrial sector will continue to idle, for lack of major projects, their investments being postponed. The situation still takes into account the economic uncertainty created by the pandemic.

 

TO NOTE

The industry is still struggling with labor shortages.

This should force the CCQ to open up its labor pools, to which the call almost exclusively from untrained workers responds.

 

 

ABOUT US

Founded in 2000, Formation Construction is the largest provider of preparatory training for passing RBQ exams in Canada.

Thousands of entrepreneurs – from various industries – have taken a course at Formation Construction.

Our 100% online courses are designed by leading specialists in the construction industry.

Throughout your study, the trainers are available to help you, answer your questions and monitor your progress 24/7.

We help you to put together your compliant file, which should be sent to the RBQ.

At each stage of your project, you get  advice from expert professionals to help you ask yourself the right questions and provide you with the essential tools to ensure you start a lucrative business.

You are oriented on the insurance and mandatory guarantees related to your entrepreneur’s license and have access to a panel of services essential to your business launch.

1 866 626-8055

[email protected]