Ontario construction optimism varies: OCS – Daily Commercial News
Mar 12, 2015
Despite an overall positive outlook by Ontario contractors about growth in the industry, the results of the annual Construction Confidence Indicator fluctuate from region to region, with some more optimistic than others.
“Anything above 50 is a positive indicator. Essentially, 62 out of 100 contractors believe they are going to do more work in 2015 than they did in 2014,” says Sean Strickland, CEO of the Ontario Construction Secretariat (OCS), which prepared the province-wide survey of 500 contractors along with Ipsos Reid.
“The general sentiment is that contractors are reasonably optimistic for 2015, but I do also think that there continues to be a story of Toronto leading construction growth. Toronto contractors are more optimistic and they have been more optimistic for the past eight years with respect to construction growth compared to other areas. Toronto continues to have a very robust construction economy.”
