Nearly 70 per cent of Canadian small businesses say they’ve experienced disruptions in some form, including taking a financial hit, from construction projects within the last five years, a new report from the Canadian Federation of Independent Business shows.
The most frequent issues reported were heavy traffic in the area, noise, dust and debris. Almost half of businesses reported staff and customers had trouble finding their storefront because it was blocked or hidden because of construction, leading to lost sales.
The CFIB report published Tuesday said small business owners reported losing an average of 22 per cent of revenue during the biggest construction period they faced within the past five years.
“This is an especially pressing challenge, when over half (53 per cent) of small business owners across Canada cite lack of demand as an issue for their business,” the report said.
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