Trend - Institutional and engineering construction typically follow a trend pattern versus a cycle. This is largely due to changing demographics and government s ability to fund such projects. In some ways, institutional construction activity is counter-cyclical in that governments often raise capital spending when other sectors of construction are depressed. Engineering Construction Industry Characteristics Includes highways, roads, airports, bridges, sewers and water treatment facilities, subways, power projects, and oil and gas projects. Trend - Same as institutional construction.
Residential construction encompasses all types of housing as described above.
In 1999, the British Columbia construction industry included 18,024 general and specialised contracting firms and service companies, down from 18,876 in 1998. The industry is dominated by a large number of trades contracting companies. British Columbia s construction industry is dominated by small owner-operated businesses. Total expenditures include all spending on goods and services related to construction.