HVACR and Plumbing Trends Report - Economic Outlook

Vol. 9. No. 2 October 2021

A timely economic review and analysis of trends in non-residential

Pandemic Effects on Immigration to Canada

Canada’s population growth, which is driven by migration, is an important driver of housing, workspace needs and construction investment.

Pandemic 2020 Impact on Immigration

In 2020, Canada experienced a significant drop in immigration because of the international border closures and travel restrictions the federal government implemented as part of its COVID‐19 containment measures, rolled out after the onset of the pandemic. Beginning in 2015, the federal government increased Canada’s immigration targets for permanent residents (PRs) from a range of 260,000‐285,000 to a range of 280,000‐305,000 new PRs per year. Read more below.

Full Report – English                                      Full Report - French

HRAI Industry Shipments                CIPH Industry Shipments

BC Overview                      Atlantic Overview                            Ontario Overview

AB Overview                      PQ Overview                      MB/SASK Overview

About The Outlook

Co-branded by CIPH and HRAI for the benefit of our respective members, The Outlook is an economic review produced in conjunction with Altus Economics that provides members with timely economic insights, housing market data, commentary and analysis of trends in non-residential and infrastructure investment by region in Canada.

HRAI and CIPH, along with Peter Norman of Altus Economics, have lined up a complimentary webinar to accompaniment this report.  Attendees are encouraged to bring their questions to this event on November 10, 2021 from 1- 2pm EST. Register here!

Back to Newsletters