ICI investment up in 2023, inflation slows modestly on annual basis: OCS
A recent economic report by the Ontario Construction Secretariat revealed that total ICI building construction investment cooled down by a bit at -0.3 per cent from November to December due to a -2.5 per cent […]
Read More about ICI investment up in 2023, inflation slows modestly on annual basis: OCSAnnual OCS survey finds contractors are expecting more business growth in 2024
The Ontario Construction Secretariat’s (OCS) annual Contractor Survey revealed that Ontario contractors are expecting 2024 to be a busy year. According to the survey, while there are still concerns about rising costs for materials and […]
Read More about Annual OCS survey finds contractors are expecting more business growth in 2024Prompt Payment Act comes into force to address construction industry concerns about timeliness of payments
Photo by Ono Kosuki from Pexels The federal government announced in December 2023 that under legislation, the federal government will now have 28 days to pay after contractors submit a proper invoice. The federal government’s […]
Read More about Prompt Payment Act comes into force to address construction industry concerns about timeliness of paymentsMild contraction in Ontario construction investment: OCS
Photo by Anamul Rezwan from Pexels An economic report released on December 20, 2023, by the Ontario Construction Secretariat (OCS) revealed that there was a mild contraction in investment and that inflation remained unchanged. According […]
Read More about Mild contraction in Ontario construction investment: OCSCanada’s construction industry poised for growth: JLL
After a year of stabilization, the construction industry in the U.S. and Canada is positioned for success in 2024, thanks to strong demand and as the normalization of supply chains and material prices, according to […]
Read More about Canada’s construction industry poised for growth: JLL