Upcoming Trends in the Canadian Construction Industry
The needs of Canadian residents are changing, and the building industry will have to step up to the challenge.
Toronto, ON – 21st November, 2016 : The landscape of construction in Canada is changing, and the industry has to change with it.
BluEnt has researched the latest trends impacting homebuilders, architectural firms, and real estate developers in the coming year and beyond.
A Changing Transportation System
When it comes to transportation, the golden age of the automobile has passed. Car ownership today is nowhere near what it was a decade or two ago, as younger generations show a stronger preference to walking, biking, and public transit.
Millennials tend to ride buses, subways and streetcars instead of owning a car. This has reduced the demand for parking garages and created a greater need for parking stalls for bikes.
This will not only impact building lots, but also the number of roads and paths for walking and biking. The weight of this trend will redefine industrial, commercial, and residential spaces and amenities on a larger scale than ever before.
If structures like the Beacon, Astitva, and the Shanghai Tower are the realities of today, we look forward to seeing what Canada contributes to the green architecture of tomorrow.
Another trend catering to millennials is the rise of micro apartments – one-room living spaces occupying 4-10 square metres each. These bare-necessity spaces will be ideal for young professionals looking for affordable housing in metropolitan areas, where space is only becoming more limited.
This also ties in with the above transportation trend, as micro-apartment residents require new transportation systems that will change the urban planning goals of different cities.
A broader phenomenon in the national construction industry is the development of adaptable buildings that can be easily transformed over time. The speed at which architecture is evolving in Canada, especially in urban cities like Toronto, means that many buildings will be used for a variety of functions over their lifecycle.
Such buildings that are already facing this challenge are abandoned shopping malls, movie theatres, and warehouses.
The final trend we noted has to do with the changing industry itself. Builders are competing for natural resources and building materials on a global scale; half of the world’s concrete is being used in China alone.
Furthermore, the pressure to adhere to environmental regulations such as carbon emissions is pushing building costs up internationally.
The Canadian construction industry will have to adapt to these changes as quickly as possible to keep up with other leading countries. This will require productivity improvements through modern construction methods, education, and workers at industry-level.
To control costs, firms will need more refined tools for project scheduling and budgeting to retain their positions in the marketplace.
The most prominent solution to this challeng