Canada's construction news
TORONTO — A new report forecasts cautious optimism for the Canadian construction sector in 2024 with slow growth but some bright spots.said in 2023 Canada’s GDP rose by 1.1 per cent marking the third consecutive year of expansion but the growth rate “underscores the challenges faced by the construction industry and has resulted in the cities of Toronto, Vancouver, Calgary, and Montreal falling within the top 50 most expensive places to build globally.
The reports forecasts continued slow growth as near-cyclical high-interest rates temper investor sentiment and moderate expectations, the release said.
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