Construction sentiment turns negative in Q3 as private sector stalls: RICS-CIQS report
AI Article Summary
Sentiment in Canada's construction industry has turned negative in the third quarter of 2025, marking the first downturn of the year. This shift is attributed to escalating costs, tighter financing options, and a significant drop in commercial workloads. The information is based on the Q3 2025 Canada Construction Monitor, released by the Royal Institution of Chartered Surveyors (RICS) and the Canadian Institute of Quantity Surveyors (CIQS). These challenges are impacting the private sector the most.
What This Means for Canadian Contractors
For Canadian builders, this means they will need to adapt to higher costs and restricted financing, which could impact project planning and execution timelines. Commercial construction projects might experience further delays or cancellations, urging builders to explore alternative approaches, such as prefabrication or innovative financing solutions. This shift emphasizes the need to re-evaluate supply chain strategies and focus on cost management practices to stay competitive.
