The three layers of the Canadian government are currently spending more on capital and repair expenditures than in any other year in recent history. Combined, in 2024, the public sector is set to spend over $47 billion on various capital and repair projects. This follows spending of over $43 billion in 2023 and $35 billion in 2022.
CoStar Insight
Upgrading nation’s infrastructure could be exacerbating difficulties for real estate developers
Total public sector capital and repair spending has increased faster than inflation since 2022
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