ICBA ECONOMICS: Closing the Books on a Tough Year for Construction

By Jock Finlayson, ICBA Chief Economist As temperatures cool and winter approaches, the Canadian construction industry may welcome the looming end of what’s been a less than stellar 2024. Amid a stagnant Canadian economy that has produced serial declines in per person...

Follow ICBA on Facebook

It’s been a challenging year for Canada’s construction sector – battling inflation, labor shortages, and zero GDP growth. ICBA’s Chief Economist Jock Finlayson dives into the key issues and what 2025 might hold for the industry. www.icbaindependent.ca/2024/11/06/icba-economics-closing-the-books-on-a-tough-year-for-construction/ #Construction #CanadianEconomy #ICBA #ConstructionEconomics ... See MoreSee Less
View on Facebook
WELLNESS WEDNESDAY #175: Financial Fitness WebinarsICBA Wellness is looking at Financial Fitness this month, and there are two free webinars for anyone who would like to check them out! Register at the links. All times Pacific: Debt Solutionsus02web.zoom.us/webinar/register/7217292650968/WN_VfvxlncHRQSh33X2okA5MQ#/registration November 6, 2024, 11 a.m. to 12 p.m.Debt has become commonplace in Canada. In fact, Canadians have some of the highest debt loads in the world. The reasons are complex. The good news is that for every debt problem, there is a financial solution. It is just a matter of looking at your whole financial picture and taking action. Mind Your Money: The Psychology of Savingus02web.zoom.us/webinar/register/8717292652381/WN_0Ct9COUiQpG9VYOJPlilPQ#/registration November 20, 2024, 11 a.m. to 12 p.m.Join us for this Introduction to the Psychology of Saving webinar which offers valuable information about strategies to help you meet your saving goals.Special thanks to CCI/Kanin, whose generous support of ICBA Wellness makes it possible to provide these webinars free-of-charge!-----ICBA’s Workplace Wellness Program is helping more than 100 companies and more than 10,000 construction professionals better understand mental health. This program is free for all ICBA members – check out icba.ca/wellness for details. ... See MoreSee Less
View on Facebook
ICBA's Chief Economist Jock Finlayson highlights the continued rise in construction costs. In Q2 2024, residential building costs in Canada increased by 0.8%, while non-residential costs climbed by 1.1%. Construction inflation remains higher than general inflation. 📈Read the full update here 👉 www.icbaindependent.ca/2024/11/04/icba-economics-construction-prices-still-rising-faster-than-ove...#ICBA #Constructioneconomics #costescalation ... See MoreSee Less
View on Facebook
ICBA -- Canada's largest construction association -- makes the case for:💵 a strong economy💡 unleashing entrepreneurs📉 smaller government⚡️ faster permits💸 lower taxes 🙂 and common sense policies (and politicians!)Follow us! ... See MoreSee Less
View on Facebook
As the world’s electricity demand soars, Canada has a golden opportunity to shine! 🌍 🌎 Our Jock Finlayson emphasizes that while global electricity demand is increasing rapidly, especially in emerging economies, Canada’s natural gas and renewable resources could be pivotal in meeting this challenge. 🇨🇦 Dive into the article to explore how Canada can play a vital role in the global energy transition. 🔗 www.icbaindependent.ca/2024/10/30/icba-economics-op-ed-canada-could-capitalize-as-global-electric...#CanadaEnergy #SustainableFuture #ElectricityDemand #Get2Yes ... See MoreSee Less
View on Facebook
WELLNESS WEDNESDAY #174: Warding Off BurnoutAfter a long stretch of busy-ness – whether on construction sites or in the office – it’s natural to feel tired, and even burned out. But there are some ways to push back against that feeling:1. Put Rest and Recovery First: Long hours and physical demands in construction make rest essential. Ensure you're getting enough sleep and taking time to recharge. Consider stretching to reduce muscle strain.2. Maintain Some Work-Life Balance: Set clear boundaries between work and personal time. Make time for hobbies, family, and relaxation. 3. Stay Organized: Planning your day and prioritizing tasks can reduce unnecessary stress. Break projects down into manageable steps.4. Communicate: Don’t hesitate to ask for help when you need it. Whether it’s delegating tasks or discussing workload concerns with supervisors, open communication can prevent feelings of being overwhelmed and isolated. Reach out to colleagues or mental health resources (like your benefit plan EAP!) when needed. ------Each week, ICBA’s Jordan Bateman reflects on what we’ve learned as we participate in ICBA’s Workplace Wellness Program. ICBA’s Workplace Wellness Program is helping more than 100 companies and more than 10,000 construction professionals better understand mental health. This program is free for all ICBA members – check out icba.ca/wellness for details. ... See MoreSee Less
View on Facebook

Tweet ICBA!

From our Jock Finlayson: Vancouver’s residential construction costs rose 6.1% YoY in Q2. Calgary saw a 7.3% jump, while Edmonton rose by 3.2%. Rising costs impact the industry! More insights:

https://www.icbaindependent.ca/2024/11/04/icba-economics-construction-prices-still-rising-faster-than-overall-inflation/

#ICBAEconomics #Construction

2

Canada can lead in the global energy transition! 🌍

With rising electricity demand worldwide, Jock Finlayson explains why natural gas and Canada’s resource diversity are crucial.

🇨🇦 Read more on how Canada can step up!

🔗https://calgarysun.com/opinion/columnists/finlayson-canada-could-capitalize-as-global-electricity-demand-continues-to-rise

#EnergyTransition #Canada

Load More...