FOCUS | CANADA
2025, preceded by YoY decline of 1.3% in February and 2.7% in January 2025. The average manufacturing industry’s value-add fell by 1.6% in the first three months of 2025, compared with the same period of 2024. This came after a 2.8% annual decrease in 2024. There is marginal investment growth in industrial buildings. According to Statistics Canada, the total
value of investment in industrial buildings grew marginally by 0.2% YoY in March 2025, following YoY growths of 0.3% in February and 1.1% in January 2025. The total industrial building construction investment grew by 4.6% YoY in Q1 2025. This was preceded by an annual growth of 4.4% in 2024. Meanwhile, industrial permits continue to fall. According to Statistics Canada, the total value of
Canada, construction output value by sector (real, $ million), 2020–29 25,000
20,000
industrial building permits issued in the country fell by 10.9% YoY in March 2025, following YoY declines of 46% in February and 41.8% in January 2025. In Q1 2025, the value of industrial building permits fell by 36% YoY. This was preceded by an overall annual growth of 5.1% in 2024. Further, manufacturing sales are falling while new orders are growing. According to Statistics
Waste processing plants Metal & material production & processing plants Manufacturing plants Chemical & pharmaceutical plants
15,000
10,000
5,000
0 2020 2021 2022 2023 2024 2025 2026 2027 Canada, industrial construction output by project type (real % change), 2020–29
Chemical and pharmaceutical plants Manufacturing plants
Metal and material production and processing plants Waste processing plants Total
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 -2.9 -2.9 4.5 24.4 0.8 -2.8 -3.9 8.6 33.2 6.2
1.6 -1.9 1.0 3.0 -3.7 1.2
-2.9 -2.1 1.8 23.1 -1.0 0.3 -1.9 1.9 -2.9 -1.5 -4.3 8.8
0.5 -2.9 -2.9 3.6 24.4 2.8
1.7 1.2 1.7
1.1
2.2 1.6 1.7
2.3 -2.8 -0.3 0.6 -0.4 2.2 -2.9 1.0
1.4
Canada, industrial construction output projects pipeline, value by stage ($ million) Pre-planning Planning Pre-execution Execution
2028 2029
0
40,000
80,000
120,000
160,000
200,000
240,000
280,000 Canada, manufacturing value-add, seasonally adjusted at annual rates (CAD million, 2012 constant prices)
Value % change, YoY
16 Autumn 2025 |
ochmagazine.com
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