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This Week's Highlights

Green Building in Canada: Assessing the Market Impacts & Opportunities

Today the CaGBC has released a new market impact report with The Delphi Group titled Green Building in Canada: Assessing the Market Impacts & Opportunities, which details the wide economic impact that the green building industry has had in Canada over the past decade. Among its many findings, the report finds that, when indirect and induced contributions are included, the overall economic impact of Canada’s LEED projects certified from 2005 – 2015 will lead to $128 billion in gross output over their lifetime, $62.3 billion in total GDP, and create 701,700 jobs.

Designed to support accelerated market transformation to high-performing, healthy green buildings and communities in Canada, the report provides an overview of the current status of activities in Canada’s green building industry. The report, sponsored by Toronto and Region Conservation Authority (TRCA) highlights many significant impacts and findings including:

  • Ontario and British Columbia have more green building jobs as a percent of their total labour force than any other areas of the country in 2014 – equal to 2.1 and 1.6 per cent respectively, due in part to greater market leadership, progressive building code requirements, provincial and municipal green building policies.
  • Companies active in the Construction and Trades segment accounted for the largest percentage (55 per cent) of green building employment and GDP in Canada, equal to approximately 164,445 jobs (approximately 13 per cent of Canada’s total construction work force) and $13.13 billion dollars in GDP.
  • The market penetration of LEED certified buildings in Canada has been growing over the last decade, from 0.8 per cent across all asset classes for the period of 2004-2009, reaching 10.7 per cent for all new construction floor space (for the period of 2009 to 2014). Leading the way, 22 per cent of all new commercial buildings, and approximately 30 per cent of all new institutional buildings constructed in Canada over the last five years were LEED certified.

The report was generated through extensive secondary research and literature review, 35 industry stakeholder interviews, and economic impact assessments quantifying GDP, job and industry strengths and capabilities.

Click here for more information.

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