How contractors can navigate cost pressures, labor shortages and regulatory hurdles in 2026
AI Article Summary
The construction industry faces significant cost pressures, labor shortages, and regulatory hurdles as it heads into 2026. Companies that prioritize the adoption of digital tools and diversify their project portfolios are expected to gain a competitive advantage. This strategic approach can address some of the industry's most pressing challenges and improve resilience.
What This Means for Canadian Contractors
For Canadian builders, this means focusing on digital transformation and project diversification could be crucial to overcoming economic challenges in the construction sector, especially in handling permits and securing funding. By leveraging new technologies and broadening project scopes, contractors can mitigate risks associated with labor shortages and regulatory complexities.
