Rebound in ICI permit value: OCS
Posted: Apr 25th, 2024In: ConstructionNewsA recent economic report by the Ontario Construction Secretariat (OCS) revealed that permit value increased in each ICI sector from January to February, with substantial increases in the institutional sector. According to the report, total ICI permit[...]
Read More about Rebound in ICI permit value: OCSCrane count reports decrease from previous edition
Posted: Apr 23rd, 2024In: ConstructionNewsInternational property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Crane Index and Quarterly Cost Report. Together, the two documents provide an eye-opening perspective on the North American construction industry in 14 key[...]
Read More about Crane count reports decrease from previous editionWorkforce Increase Required to Meet Housing Supply Targets to Address Affordability in Canada
Posted: Apr 22nd, 2024In: ConstructionNewsBuildForce Canada released its residential employment outlook for 2024-2033 on April 11, which predicts that in order to reach the 5.8 million housing starts over the next 10 years needed to address housing affordability, Canada’s[...]
Read More about Workforce Increase Required to Meet Housing Supply Targets to Address Affordability in CanadaIndustry Professionals respond to 2024 Federal Budget
Posted: Apr 19th, 2024In: ConstructionNewsFinance Minister Chrystia Freeland announces the new federal budget in Ottawa on April 16, 2024. The Canadian Home Builders’ Association (CHBA) and the Residential Construction Council of Ontario (RESCON) have issued statements in response to[...]
Read More about Industry Professionals respond to 2024 Federal BudgetHousing starts stable in 2023, but demand still outpaces growing supply of apartments
Posted: Apr 4th, 2024In: ConstructionNewsThe Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartment starts despite demand[...]
Read More about Housing starts stable in 2023, but demand still outpaces growing supply of apartmentsICI investment up in 2023, inflation slows modestly on annual basis: OCS
Posted: Mar 12th, 2024In: ConstructionNewsA recent economic report by the Ontario Construction Secretariat revealed that total ICI building construction investment cooled down by a bit at -0.3 per cent from November to December due to a -2.5 per cent[...]
Read More about ICI investment up in 2023, inflation slows modestly on annual basis: OCSAnnual OCS survey finds contractors are expecting more business growth in 2024
Posted: Mar 11th, 2024In: ConstructionNewsThe Ontario Construction Secretariat’s (OCS) annual Contractor Survey revealed that Ontario contractors are expecting 2024 to be a busy year. According to the survey, while there are still concerns about rising costs for materials and[...]
Read More about Annual OCS survey finds contractors are expecting more business growth in 2024Prompt Payment Act comes into force to address construction industry concerns about timeliness of payments
Posted: Jan 4th, 2024In: ConstructionNewsPhoto by Ono Kosuki from Pexels The federal government announced in December 2023 that under legislation, the federal government will now have 28 days to pay after contractors submit a proper invoice. The federal government’s[...]
Read More about Prompt Payment Act comes into force to address construction industry concerns about timeliness of paymentsMild contraction in Ontario construction investment: OCS
Posted: Jan 3rd, 2024In: ConstructionNewsPhoto by Anamul Rezwan from Pexels An economic report released on December 20, 2023, by the Ontario Construction Secretariat (OCS) revealed that there was a mild contraction in investment and that inflation remained unchanged. According[...]
Read More about Mild contraction in Ontario construction investment: OCSCanada’s construction industry poised for growth: JLL
Posted: Dec 12th, 2023In: ConstructionNewsAfter a year of stabilization, the construction industry in the U.S. and Canada is positioned for success in 2024, thanks to strong demand and as the normalization of supply chains and material prices, according to[...]
Read More about Canada’s construction industry poised for growth: JLL