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Understanding Ontario’s construction market

By ReNew Canada 08:38AM March 13, 2017

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A record crowd of more than 300 people gathered at the Metro Toronto Convention Centre for the Ontario Construction Secretariat’s State of the Industry and Outlook Conference 2017. The annual event provides a snapshot of the Ontario construction market, with a focus on the province’s industrial, commercial, and institutional sectors.

Ontario Minister of Labour Kevin Flynn started the day by praising the workforce for the job done to reduce the number of workplace injuries. Since 2003, workplace incidents across Ontario have dropped by more than 50 per cent, a testament to the work done to create safer work environments.

“Safe workplaces for Ontario citizens are a right, but are the responsibility of everyone,” said Flynn.

Flynn focused his remarks on safety and training in the wake of an incident in his home riding just a day earlier, where a 23-year-old worker was killed after a cinder-block wall collapsed on him.

Confidence edges higher

A positive sign for the construction industry in Ontario is a rise in contractor confidence, which has edged up slightly in every region across the province.

According to the results of OCS’ 2017 research study, which provides statistics based on answers provided by 500 contractors from throughout all regions of the province, the Contractor Confidence Indicator has risen from 57 per cent to 60 per cent. Most importantly, the number rose in all five of the regional breakdowns: Central, GTA, West, East, and North.

Interesting to note from this year’s survey is the “Trump factor”, the industry impact expected as a result of Donald Trump with the U.S. Presidential Election. Across the province, 42 per cent of contractors believe that the Trump presidency will have a negative or harmful effect on the industry in Canada, with the highest micro-region being 59 per cent in the bordering Sarnia/Windsor corridor.

For more information about this year’s State of the Industry and Outlook Conference 2017, visit http://iciconstruction.com/2016/11/03/state-of-the-industry-outlook-conference-2017/

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