Contractors weather challenges, are bullish for 2023: OCS survey - constructconnect.com - Daily Commercial News

There may yet be a short-lived recession in the economy as a whole but Ontario’s ICI contractors are generally confident about workloads over the next 12 months, they told OntConstSec in a recent contractor confidence survey.

Overall, 32 per cent of contractors in Ontario expect an increase in work in 2023, while 49 per cent believe they’ll do the same level of work as in 2022 and 16 per cent expect less compared to 2022.

The survey found the severity of those issues abated somewhat from the 2022 survey, with material availability and supply chain disruptions showing improvement. “One contractor said, ‘Ontario’s growing, and we’re happy to be part of that,’” said Jacobs. “There’s an abundance of riches there and I think contractors are pleased to be part of this industry.”Thirty-two per cent anticipate more work, 47 per cent expect the same, and 16 per cent expect less. Both Ontario and GTA expectations are slightly below those of 2022, where 36 per cent believed there would be more business.

In eastern Ontario, 30 per cent expect more business, 56 per cent expect the same, and 10 per cent anticipate less. This is less than in 2022.

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