CMHC reports declining construction productivity in Canada, particularly in BC, with a significant labour gap.

Canada's housing supply efforts face a hurdle as CMHC reports declining construction productivity across the country, mirroring concerns in BC. Despite a decline in unfilled construction positions, BC's industry still has a significant labour gap. CMHC Deputy Chief Economist Ken Hughes suggests increasing productivity in residential construction to address the issue. The value of proposed construction projects in BC reached $221bn in spring 2023.