Procore index shows construction rebounding; Alberta still in a slump
By Anthony Capkun
December 1, 2020 – Procore Technologies’ recently published “Construction Activity Index” (November 2020) shows that construction activity during the pandemic continues to recover in Canada after an initial drop in the spring.
Quebec has seen the strongest rebound of all of the included provinces but, to be fair, it also experienced massive dips. Alberta continues to experience less activity than before the pandemic.
Procore’s Index tracks weekly changes in worker hours from a baseline beginning the week of March 16 through the week of September 28, 2020. The most recent update includes data from British Columbia, Alberta, Ontario and Quebec.
October and November 2020 are not included in this Index.
Overall, worker hours rose 11% above the March 16 baseline during the weeks of August 17 and September 14. These are the highest levels of activity tracked by the Index.
However, activity in each province has differed (compared to the baseline):
• Ontario has been recovering since the week of May 25, with activity reaching a peak of 25% above the baseline the week of September 14.
• Quebec saw the sharpest initial decline in activity, with worker hours dropping 97% below the baseline the week of April 5, before recovering through May and June. During the Quebec construction holiday (the weeks of July 20 and July 27)), activity within Procore briefly dipped again (92% and 95% below baseline, respectively) and has been strong since then.
• In Alberta, activity has hovered around the baseline, rising to a peak of 6% above baseline the week of April 20. However, since the week of June 8, activity has been below the baseline for 17 consecutive weeks.
• Of all the provinces, British Columbia has been the least affected. Its activity has been consistently above the baseline with the exception of a few small drops in April and June. At its highest, activity was 31% above the baseline the weeks of June 15 and September 28.
Procore is a provider of construction management software to companies of all sizes.