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.
March 08, 2024
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