Canada’s construction industry could build more for less. Building critical infrastructure more efficiently would boost productivity and save public tax dollars.It’s not like we didn’t see this coming. For decades, Canada’s labour productivity has been abysmally low compared to other countries.
According to the independent Cardus think-tank, Toronto could save $347 million annually by making better choices. The federal government should be easing the complex, open-ended, over-regulated approvals process so that it’s more predictable and easier for companies to navigate. No projects should be in limbo for more than a decade like the Trans Mountain Pipeline Expansion project.
That’s key, as labour shortages persist and demographics shift, with the retirement of approximately 25 per cent of the construction workforce this decade.
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