Canadian construction economists call for federal reform
AI Article Summary
Canadian construction economists are urging the federal government to reform its approach to address the Canadian housing crisis and enhance investments in infrastructure. The Canadian Institute of Quantity Surveyors (CIQS) has highlighted inefficiencies stemming from the lack of government engagement with industry professionals. While acknowledging the government's $13 billion investment in Build Canada Homes, they emphasize the need for mechanisms to ensure the efficient use of funds. The construction sector is a significant part of Canada's economy, representing 7.5% of GDP and employing over 1.6 million Canadians.
What This Means for Canadian Contractors
For Canadian builders, this means an increased focus on financial transparency and efficiency in government-backed construction projects. Contractors may need to engage more actively with quantity surveyors to ensure projects meet financial targets. Improved government-industry collaboration could streamline permit processes and funding allocations, potentially impacting project timelines positively.
