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A partment and condominium contractors and renovation service providers are leveraging advanced tech trends to keep pace with the needs and interests of property owners and property managers, pushing to match evolving tenant expectations.
The multifamily housing construction (apartments) market has grown from $816.88 billion in 2023 to $887.81 billion in 2024 at a CAGR of 8.7 percent.
At the core of this growth is a gamut of disruptive tech trends that are fundamentally changing the apartment and condominium arena for the better.
Contractors are equipping the future condominium with advanced smart home technology designed with residents’ convenience at heart. Personalized voice-activated assistants interact with residents, transforming homes into spaces that adapt, learn, and respond to create an atmosphere tailored for each resident.
Contractors are also prioritizing environmentally sustainable building designs. They are installing solar panels, green roofs, and rainwater harvesting systems. Renovation service providers are well-acquainted with sleek design, technological advancements and modern amenities, providing on-site operational and maintenance services. Smart lockers, cameras and wireless sensors boost residents’ sense of safety and security.
This edition of Construction Business Review Canada highlights recent developments in the apartment and condominium arena and provides insights into how contractors and renovation service providers are leveraging these trends to transform legacy practices.
It features thought leadership articles from industry experts, including Jesse Buhler, Senior Director of Property Management at GWL Realty Advisors, who shares insights into transforming real estate through technology and leadership. It also includes a perspective from Kimberley Cecile, Commercial Property Manager, Canderel Group, on the challenges, practices and upcoming trends in apartment and condominium construction contracting and renovation service to increase the efficiency of the space.
We hope this edition, featuring Top Apartment and Condominium Contractors in Canada in 2024, helps you build the partnership your organization needs to navigate the era of tech-driven construction and renovation.
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