MAY 2024CONSTRUCTIONBUSINESSREVIEW.COM6Apartment 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. Let us know your thoughts! The Era of Tech-Driven Construction and RenovationEDITORIALCopyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorRobert MathewsVisualizersHenry SmithJames D. PhillipsEmail:sales@constructionbusinessreview.comeditor@constructionbusinessreview.commarketing@constructionbusinessreview.com May - 15 - 2024, Vol 04 Issue 07 (ISSN 2835-9429)Published by ValleyMedia, Inc.To subscribe to Construction Business ReviewVisit www.constructionbusinessreview.com Robert MathewsManaging Editoreditor@constructionbusinessreview.comDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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