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Thursday, June 20, 2024

Canada’s construction economists are calling for urgent reforms to address the housing affordability crisis.

Yesterday, #CIQS met with Members of Parliament on Parliament Hill in Ottawa to call attention to oversights by the federal government, highlighting the pressing need for reforms to address the mounting housing affordability crisis.

The Canadian Institute of Quantity Surveyors (CIQS), who represents Professional Quantity Surveyors (PQS) and Construction Estimators Certified (CEC), points to the federal government’s gaps in ensuring Canada’s future infrastructure adheres to contemporary, cost-efficient, and eco-friendly standards.

Construction Economists believe that deficiencies stems from the government’s limited engagement with industry professionals skilled in evaluating the effectiveness and sustainability of upcoming construction initiatives.

This sentiment is further echoed by the government’s delayed enactment of the Federal Prompt Payment for Construction Work Act which was green-lit in 2019. The act, designed to ensure timely payments to contractors and subcontractors, is crucial in upholding financial stability and fostering mutual trust in the construction ecosystem.

Sheila Lennon, CAE and CEO of CIQS, said, “While the federal government has pledged over $20 billion towards Green infrastructure initiatives, they must also guarantee the cost-effectiveness of these projects and a net-zero focus for future Canadian infrastructure. The expertise of construction economists is pivotal in bridging this developmental gap.”

Engaging PQS and CECs, Canada’s construction economists can aid the government by integrating enhanced analysis, risk evaluation, and cost forecasting into the federal planning and acquisition processes.

 “Our role is crucial in optimizing developers’ time, funds, and resources,” said Tammy Stockley, PQS(F) and CIQS Vice Chair. “Investments should assure costs and deliver maximum value to taxpayers. Now, as the focus shifts to major public infrastructure projects, Canadians deserve to see their tax money’s worth. We stand ready to bolster climate resilience, emissions reduction, economic greening, and the creation of quality middle-class employment opportunities.”

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