Compiled by Jason Cramp
In terms of major urban centres with increased building permit registration between 2011 and 2012, Montreal led the way with an additional 1,127 permits issued.
Not only did the Canadian swimming pool industry expand for the third consecutive season, the total number of swimming pool building permit registrations issued in 2012 was the highest year-end total in the past decade. Despite the uncertainties with respect to the U.S. economy and longevity of the European recession, Canada’s economic and financial market remained relatively stable. Although disposable income is not as readily available to some households as it once was, unlike 2011, the 2012 swimming pool building season started strong with 339 more pool building permits being issued in the first quarter alone.
This only continued throughout the year as permit registrations increased in the second, third, and fourth quarters, representing an overall increase of 16 per cent, from 10,803 permits in 2011 to 12,517 in 2012. Permit registrations in census metropolitan areas (CMAs) increased by 15 per cent, representing a total of 1,225 more registered permits than in 2011.
Read the full article: Market Report
Pool & Spa Marketing’s third annual salary survey results show the number of industry professionals earning more than $60,000 a year has increased by six per cent—from 46 per cent in 2010 to 52 per cent in 2011.
Alas, those additional dollars did not come without investing more time and hard work. For instance, in 2010, 12 per cent of respondents said they worked more than 60 hours a week; in 2011, that shot up to 26 per cent. (Interestingly, while many industry professionals worked longer hours and managed to bring home more money, the annual revenue of the business dropped. In 2010, 42 per cent reported annual revenues of $1 to $3 million. Last year, this percentage dipped to just 29 per cent.)
Read the full article: Survey Says…
In terms of major urban centres with increased building permit registration between 2010 and 2011, Quebec City led the pack with 581 additional permits issued.
Compiled by Jason Cramp
The 2011 Canadian swimming pool market experienced a second season of consecutive growth, after rebounding from subpar sales in 2009. One influencing factor is the government’s economic action plan, which has helped keep Canada’s economy one of the strongest in the world, since the 2008 global financial crisis.
Even though debt problems in Europe continue to affect other economies, the U.S. economy continued to improve, while Canada’s remained relatively strong, especially in the second half of 2011.
What did this mean for pool sales? In 2011, swimming pool building permit registrations kept pace with 2010, and then some.
Read the full article: State of the Industry