Annual OCS survey finds contractors expecting continued business growth in 2025
AI Article Summary
The annual Ontario Construction Secretariat Contractor Survey indicates that Ontario non-residential building contractors are optimistic about business growth in 2025, with many expecting stable or increasing revenues and some planning to hire more employees. Despite some uncertainty from the political environment and ongoing trade issues, a strong pipeline of infrastructure projects is driving positivity. The construction industry is increasingly adopting technology, with a notable rise in the use of apprentices, advanced building materials, and AI for predictive analysis and other applications. Contractors also express concerns about rising material costs and labor shortages, though these worries have slightly decreased from the previous year.