Below is ongoing coverage on the state of supply chains globally and the resulting issues currently impacting the construction industry across North America.
It is unlikely the bottom will fall out of Toronto’s condo market this year despite recent reports to that effect says ConstructConnect chief economist Alex Carrick. Recent media stories quoting an Urbanation report warned, “Ten thousand condos to be delayed this year,” but Carrick said despite a rise in interest
It may not be much solace to U.S. constructors who are paying high prices for diesel, materials, labour and administration, but there is relief – though it may be largely statistical – coming from spiralling inflation rates. As explained by ConstructConnect chief economist Alex Carrick, the inflation currently being experienced
Canadian construction economists and other stakeholders are hedging when asked whether the next 18 to 24 months will see continued growth in the sector, with the potential for a recession and rising interest rates seen as top threats to sectoral expansion. ConstructConnect chief economist Alex Carrick believes fears of a
OTTAWA — Canada’s year-over-year inflation rate slowed to 7.6 per cent in July, with the deceleration largely driven by a decline in gas prices. The inflation rate
It is unlikely the bottom will fall out of Toronto’s condo market this year despite recent reports to that effect says ConstructConnect chief economist Alex
CentrePort Canada Inc. in Winnipeg has embarked on an outreach campaign to North American companies that have experienced supply chain disruptions during COVID-19. The goal
OTTAWA — The parliamentary budget officer says Canada’s current fiscal policy is sustainable over the long term. The PBO’s latest fiscal sustainability report finds that
OTTAWA — The Canadian economy stayed flat in May, with real gross domestic product showing neither growth nor contraction after a 0.3 per cent expansion
Construction costs, material price escalations, supply chains and labour market conditions are impacting the architectural community, prompting the Royal Architectural Institute of Canada (RAIC) to
Material shortages are still affecting construction, but the industry is adapting to and working around shifting supply circumstances. EllisDon vice-president of preconstruction services Daniel Murphy
This week the U.S. Spotlight by ConstructConnect’s Daily Commercial News focusses on supply chain issues across North America with inflation still top of mind for
The Lower Mainland is feeling the heat of supply chain issues. Chris Atchison, president of the B.C. Construction Association (BCCA) said supply chain disruption and
