Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

'Go to Canada now!', says Ingenium supremo

  • Comment

UK architects have been urged to make the most of the Canadian market while it remains strong.

Victor Smith, chief executive of Toronto-headquartered Ingenium - which owns UK practice Archial - said the country held many opportunities for architects in the short-term.

Figures from Canada Mortgage and Housing Corporation showed housing starts were up 14 per cent in April on the back of a wave of condo projects.

But the Royal Institution of Chartered Surveyors warned rates of condo building were ‘bound to feed into worries about possible overbuild in key metro areas’.

Smith told AJ there was nothing to fear: ‘Recent concern about overbuild in areas of the Canadian residential market are, perhaps, themselves overblown.’

‘[A slowdown] may be true in Vancouver, which boasts the highest prices in the country, but there is still a strong market for condominium apartments in other major cities, due to their relative affordability.’

Smith said there were positive signs across several sectors in Canada.

‘The residential market should be saturated, the industrial market should be stagnant and governments, at all levels, should be implementing austerity programmes to tackle their respective deficits,’ he said. ‘Yet this is not happening.’

But he told architects to make hay while the sun shone through the gathering clouds.

‘The short-term forecast remains very favourable. However, I suspect that Canada cannot remain immune to global economic trends forever. 

‘Ultimately, as the world goes, so will the Canadian economy.’

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.

Related Jobs

AJ Jobs