Statistics: Building Construction Highlights, November 2023
Investment in Nova Scotia building construction increased 9.1% in November 2023 to $528.8 million.
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Investment in Nova Scotia building construction increased 9.1% in November 2023 to $528.8 million.
From Global News – “Nova Scotia construction companies are expanding recruitment efforts to international skilled trade workers in an effort to address worker shortages.”
From CTV News – “What we do need is a coordinated effort from all levels of government and working with the industry to make sure that those efforts align with what we’re seeing in the marketplace.”
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The fifth issue of Construction Pulse, the Construction Association of Nova Scotia’s industry magazine, is now live!
As you may be aware, the provincial government is preparing regulations regarding prompt payment and adjudication processes for the construction industry. Complete the feedback survey by April 10.
On Tuesday, March 28, the federal government released its 2023-2024 budget with a plan to build a stronger, more sustainable, and more secure Canadian economy. Read more.
Earlier today, the government of Nova Scotia released its 2023-2024 budget. With revenues of $14.2 billion and expenses of $14.4 billion, Budget 2023-24 estimates a deficit of $278.9 million after consolidation. Read more.
The government’s capital spending program for the coming year will advance healthcare projects more quickly and also provide Nova Scotians modern schools, safer highways, renewed provincial parks and improved local roads and other infrastructure. Capital Plan 2023-24 will invest more than $1.6 billion to start new projects and continue work on previously announced projects.