TD Canada Trust’s TD Economics group has just released a special report titled “REGIONAL HOUSING MARKETS: A YEAR IN REVIEW AND A LOOK AHEAD”. Their report which takes a look at the current state of the regional housing market in Vancouver is predicting a decline in residential home construction of 11% in 2012 and 9% in 2013.
What does this mean to residential construction firms and trades in BC? It will mean companies will have to become more efficient and more competitive to maintain profitability in the market. Technology, particularly in the labor intensive bid/estimating process, work-orders/scheduling and project management areas can help these firms weather the impending market changes by reducing costs and increasing efficiency.
NewGen can help BC Construction firms by providing IT services and solutions that scale up and down with their businesses.
Learn more about NewGen in Construction, click here.
To download the full TD Economics Special Report, click here.