b'BUILDFORCEEMPLOYMENTHAUSSE PRVUE AMONG ROOFERSDE LEMPLOI CHEZ PROJECTED LES COUVREURS TO RISE Le mtier joueraTrade to play a key role inun rle cl dansmeeting Canadas greenla ralisation des objectifsbuilding targets de construction cologiqueBy Bill Ferreira, Executive Director, BuildForce Canada par Bill Ferreira, directeur gnral, ConstruForce CanadaT he components of Canadas construction sector enteringL essous-secteursdelaconstructionempruntent the BuildForce Canada 2024-2033 forecast period arechacundestrajectoiresdistincteslap-charting different courses. prochedelapriodedeprvision2024-2033de Residential construction investment, which reached a peakConstruForce Canada.in 2021, has since contractedand did so again in 2023.Lesinvestissementsrsidentiels,aprsunpicen Risinginterestrateshavedelayedmanyhomebuyersfrom2021, se sont rduits, notamment en 2023, affects par buying new housing. Affordability is a concern. Investmentlahaussedestauxdintrt.Cettesituationaimpact levels are therefore forecast to contract again in 2024. labordabilit et devrait entraner une nouvelle contraction In contrast, investment in the non-residential sector entersdes investissements en 2024.the forecast period on a steady upward curve that has beenPar contre, linvestissement dans le secteur non rsidentiel drivenbypublicsectorinvestmentinhealthcare,utilities,estenhausseconstante.Cettetendanceestalimente transportationandpublictransit,aswellasrobustlevelsparlinvestissementpublicdanslessoinsdesant,les ofprivatesectorinvestmentacrossnearlyeveryregionofservices publics et le transport. De plus, un investissement the country. priv robuste dans presque toutes les rgions du pays y Our outlook calls for investment levels in both componentscontribue galement.toincreasethrough2033.Non-residentialconstructionLesinvestissementsdanscesdeuxcomposantes activity is projected to remain elevated by historical standards.devraientaugmenterjusquen2033.Laconstructionnon Evenasmajorengineeringconstructionprojectsconcludersidentielledevraitresterleve.Mmesilesgrands inthelaterforecastyears,highlevelsofinstitutionalandouvragesdegniecivilseterminentdanslesdernires government building construction initially, combined with aannes de la priode, les niveaux levs de construction strong rebound in commercial building construction in laterdimmeubles institutionnels et gouvernementaux, combins years, will increase activity by two per cent above 2023 levels. unefortereprisedelaconstructiondimmeubles Residential construction activity is also poised to increasecommerciaux, feront augmenter lactivit de 2 % au-dessus acrosstheforecastperiod.Investmentispoisedtoreachades niveaux de 2023.forecast low in 2024 before rebounding during the 2025-2029Laconstructionrsidentielledevraitgalement period. This occurs as interest rates stabilize, wages and incomesaugmenter.Lesinvestissementsdevraientatteindreleur adjust to inflation and consumers release pent-up demand forniveau le plus bas en 2024, avant de rebondir entre 2025 newhousing.By2033,residentialconstructioninvestmentet2029.Celaseproduitlorsquelestauxdintrtse levelsareprojectedtoincreasebyninepercentabovestabilisent, que les salaires sadaptentlinflation et que les 2023 levels. consommateurs librent la demande refoule de nouveaux logements. Dici 2033, linvestissement dans la construction Demand for roofers is elevated across the scenario rsidentielle devrait augmenter de 9 % par rapport2023.Canadas roofers will undoubtedly play a key role in sustaining thisgrowth.OurBuildForceprojectionsshowthetradeisLa demande de couvreurs est leve dans toutlooking at a significant increase in overall construction demandsle scnariooverthenext10years.TheelectrificationoftheeconomyNosprojectionsmontrentquelemtierestconfront 22 ROOFING CANADA SPRING/SUMMER 2024'