Canadian Electrical Industry News Week

 

June 12, 2017

EconomyInvestment in residential construction totalled $28.2 billion in the first quarter, up 7.6% from the same quarter of 2016.

Higher investment in single-family dwellings (+13.7% to $6.5 billion) accounted for nearly 40% of the change at the national level. Renovation work (+5.5% to $12.1 billion) and acquisition costs related to new dwellings (+13.4% to $3.4 billion) also largely contributed to the gain.


Investment in residential construction increased year over year in eight provinces in the first quarter, with Ontario (up $1.1 billion) accounting for more than half (56.8%) of the total national increase. Quebec also posted a significant increase ($544.4 million). In contrast, Saskatchewan (-$85.0 million) and Newfoundland and Labrador (-$17.1 million) posted losses compared with the first quarter of 2016.


Alberta recorded its first quarterly year-over-year gain (+2.9% to $4.1 billion) in residential construction investments since the second quarter of 2015. This advance was largely attributable to a $362.5 million increase in renovation spending stemming partly from the reconstruction of residences that were destroyed by the 2016 Fort McMurray wildfire.


In Ontario, the gain (+10.4% to $12.0 billion) originated mainly from higher investment in single-family homes (+$591.8 million).


In Quebec, growth (+12.9% to $4.8 billion) was mainly attributable to a $370.9 million increase in renovation work.


Source: Statistics Canada, www.statcan.gc.ca/daily-quotidien/170602/dq170602d-eng.htm.

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 Electrician Forum Brought to You by Schneider Electric             

The Electrician Forum is a monthly column that provides valuable information to electricians and electrical contractors on current industry trends and concerns. 

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In this issue: 

Quite simply put if you feel that job site costing and quote development are a lot of work, you are right! To properly assess a job and estimate the required work time, product costs and various other expenses can take more time than is often feasible for a small company. You need to be spending your time completing projects, which can become difficult if you are spending your hours doing cost analysis. We learned this first hand in last month’s edition of the Electrician Forum when Steve Beeby of Beehive Electric discussed the balance required to own and operate an electrical contracting company.

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