2024 Contractor Survey
In 2023 we saw a myriad of changing economic circumstances. Interest rates soared and inflation ebbed. However, non-residential construction activity remained robust: investment in both commercial and industrial building steadily climbed past previous record levels, permit value reached unprecedented highs in the institutional sector, and the construction labour force and employment reached an all time high in the summer.
For the past seventeen years, the Ontario Construction Secretariat’s (OCS) Contractor Survey has captured the industry’s business outlook for the coming year, while monitoring critical issues affecting the industry.
The 2024 Contractor Survey was released as part of the 24th Annual State of the Industry and Outlook Conference on March 7, 2024. This informative and well-attended half-day conference is where Ontario’s ICI construction industry gathers to discuss economic indicators and gain insight into where the construction industry is headed in the year to come.
