Construction economists call for urgent reforms in face of housing crisis

Ontario Construction News staff writer

The Canadian Institute of Quantity Surveyors (CIQS) is calling for urgent reforms to address Canada’s housing and affordability crisis.

A CIQS team led by chief executive officer Sheila Lennon, held a press conference on Parliament Hill on Oct. 23, highlighting the federal government’s gaps in ensuring Canada’s future infrastructure adheres to contemporary, cost-efficient, and eco-friendly standards.

“Our role is crucial in optimizing developers’ time, funds, and resources,” said CIQS vice-chair, Tammy Stockley. “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.

CIQS“We stand ready to bolster climate resilience, emissions reduction, economic greening, and the creation of quality middle-class employment opportunities.”

Members met with MPs to discuss what the CIQS calls oversights by the federal government, and highlight the pressing need for reforms to address the mounting housing affordability crisis.

“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,” said CEO Sheila Lennon. “The expertise of construction economists is pivotal in bridging this developmental gap.”

Delays in the government’s 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.

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