Skip to content

How to Buy Bird Construction Stock in Canada [2024]

how to buy bird construction stock in canada
Nemanja Curcic

Summary: Since 2011, Bird Construction has attracted the attention of the general public willing to invest in construction management in Canada. This guide will thoroughly explain each step of buying Bird Construction stock (BDT) using a regulated brokerage such as Interactive Brokers.

Best Platform for Worldwide Stock Trading & Investing

  • Highly trusted multi-asset broker with clients in over 200 countries

  • Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)

  • Low commissions starting at $0 with no platform fees or account minimums

  • Easily fund your account and trade assets in 26 currencies

  • IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

About Bird Construction

Founded in 1920, it has more than a century of history in the construction sector, doing projects in the general contracting industry’s industrial, commercial, and institutional sectors. Besides new construction, it performs industrial maintenance, repair, operations services, heavy civil construction, and contract surface mining.

How to Buy Bird Construction Stock in Canada: Bird Construction homepage screenshot.
Bird Construction homepage screenshot. Source: bird.ca

Bird Construction boasts core values such as quality craft, innovation, and client experience, with numerous office buildings, industrial facilities, hospitals, and schools being erected under their management. The company also strongly emphasizes safety and sustainability.

How to buy Bird Construction stock in Canada: Step-by-step

The general public can freely buy BDT stock since January 7, 2011, when the company had its initial public offering (IPO). The whole process boils down to five steps that we will explain in detail. 

Step 1: Choose a broker

To purchase Bird Construction stock in Canada, you need to create an account with a regulated brokerage. A brokerage will grant you access to the stock market, allowing you to buy and sell shares in publicly traded businesses. When picking your candidate, consider the following factors:

  • Range of offerings: You will want your brokerage to have access to more assets than just BDT. Confirm the availability of different commodities, various stocks, forex, and even derivative assets like CFDs, options, and futures;
  • Cost: Commission-free trading and no-minimum accounts for stocks and ETFs are the standard in the brokerage industry. However, do not overlook other aspects for the cheapest option;
  • Regulation and security: Ensure the investing platform follows the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulations, as well as the availability of two-factor authentication (2FA) and similar security measures; 
  • Fractional stock trading: Platforms that enable fractional stock trading allow you to buy stocks by the dollar amount, which suits those with limited capital or traders seeking to pursue the dollar-cost averaging approach.

To securely buy Bird Construction stock (BDT), we recommend:

Interactive Brokers (IBKR)

  • Commission-free stock trading;
  • Global stock-trading on 90+ market centers;
  • Fractional shares available;
  • Extra income on fully paid shares;
  • Lowest financing rates for margin accounts in the industry;
  • No account minimum. 

Best Platform for Worldwide Stock Trading & Investing

  • Highly trusted multi-asset broker with clients in over 200 countries

  • Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)

  • Low commissions starting at $0 with no platform fees or account minimums

  • Easily fund your account and trade assets in 26 currencies

  • IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Step 2: Open and fund your account

After selecting the brokerage, investors need to register on the brokerage platform and verify their new accounts. Once done, you should transfer funds to prepare for the purchase. 

You should pick the most suitable payment option: the most common include a bank transfer, debit or credit card, and a third-party transaction service such as PayPal (PYPL). 

Step 3: Decide how much you want to invest

Before investing, you need to define the amount of BDT stock you want to buy in the first place. To help you decide, answer the following questions:

  • Will my standard of living deteriorate if I lose this amount of cash?
  • Have I summed up my daily expenses, established an emergency fund to cover a couple of months, and cleared all high-interest debt?


Besides this, your answer will depend on your investing tastes, risk weariness, and financial objectives.

Step 4: Place your order and buy Bird Construction stock in Canada

You should place a trade order once you decide how many shares in Bird Construction you desire to buy. You can do this in a four-step procedure: 

  • Step 1: Log into your online brokerage account and look for the company’s ticker stock symbol BDT;
  • Step 2: Type in the amount of stock you want to buy in the provided space;
  • Step 3: Select the order type (market order or limit order) and place it;
  • Step 4: Confirm the trade.

Step 5: Monitor and manage your investment

Even though you should now have (or are about to have) the stock you invested in, you have not ended the investing process. You need to monitor and manage your stock portfolio against the shifting environment of the market.

To remain in the loop, often measure the company’s financial status, the performance of the construction market, the potential Canadian housing bubble, and global property price trends. Basing your investment decisions on up-to-date and relevant information will improve your odds.

Bird Construction stock price today

Pros and cons of buying Bird Construction stock in Canada

Pros

Pros

  • Growing market: Despite the recent ‘crash’ of the Canadian housing market, the prices have recovered, and the construction business is expanding. This is good news for companies like Bird Construction since the market is expected to grow in the next several years;
  • Strong demand: Housing remains in historically high demand, which is a positive sign for construction companies and will  likely boost the performance of BDT stock;
  • Government spending: The government of Canada has multiple funds dedicated to subsidizing housing, which guarantees a channel of income that can be tapped into by resourceful companies in the construction sector.
Cons

Cons

  • High competition: Since real estate prices in Canada remain high and the market is profitable, many players are vying for the same customer base. This leads to thin profitability margins and a potential overtake of Bird Construction’s current position;
  • Labor shortages: The construction sector in Canada is suffering from a chronic lack of skilled labor, which can affect both prices and performance;
  • Economic downturn sensitivity: As economies worldwide tackle rising inflation, spending is shrinking, and construction tends to decline during recessions. 

Common mistakes to avoid when buying Bird Construction stock in Canada

Try your best to avoid these common investing mistakes:

  • Lack of research: Perform a detailed study on the investment, market, and sector tendencies before investing;
  • Lack of strategy: Set your investment objectives before you spend any money;
  • Staking everything on one asset: Never put all your eggs into one basket. Always diversify your portfolio;
  • Falling prey to scams: Avoid suspicious platforms and fanciful deals. If you feel something is wrong, do another check or turn your back immediately.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy BDT stock

How to buy BDT stock?

The best way to buy Bird Construction Stock in Canada is through the services of a regulated third-party brokerage like Interactive Brokers.

Where to buy BDT stock?

Since BDT is a publicly listed stock, you can buy it through an online brokerage such as Interactive Brokers.

Should I invest in Bird Construction stock?

The answer is complex and time-sensitive. Make sure to do the necessary research on the stock beforehand. Check the business performance, the press coverage, and the market trends to help you decide.

How do I sell my BDT stock?

Log into your brokerage account, go to BDT’s detail page, give the number of stock you want to unload and press ‘sell.’

Best Platform for Worldwide Stock Trading & Investing

  • Highly trusted multi-asset broker with clients in over 200 countries

  • Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)

  • Low commissions starting at $0 with no platform fees or account minimums

  • Easily fund your account and trade assets in 26 currencies

  • IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related guides

Contents

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.