Unemployment rate up; Permit value rises slightly: OCS
Posted: Mar 22nd, 2024In: ConstructionNewsA recent economic report by the Ontario Construction Secretariat (OCS) revealed that a decrease in employment and an increase in the labour force pushed the unemployment rate up in February. According to the report, permit value increased[...]
Read More about Unemployment rate up; Permit value rises slightly: OCSExpect Delays
Posted: Nov 14th, 2023In: ConstructionNewsEvery major building project faces its own particular challenges, but all too often cost claims and overruns have common underlying causes. Canada is no exception to this universal truth, though projects here are more susceptible[...]
Read More about Expect DelaysIndustry professionals respond to the 2023 Federal Budget
Posted: Apr 4th, 2023In: ConstructionNewsThe Canada Green Building Council (CAGBC), Canadian Urban Transit Association (CUTA), Pembina Institute, Canada’s Building Trades Unions, and RESCON have issued the following statements in response to the federal government’s Budget 2023: According to the[...]
Read More about Industry professionals respond to the 2023 Federal Budget2023 Federal Budget: Ontario Construction Secretariat
Posted: Apr 1st, 2023In: ConstructionNewsCanada rebounded quickly from the pandemic, and in 2022 it was the fastest growing economy in the G7. This was due to government support, strong population growth (highest in the G7), and resilient household and[...]
Read More about 2023 Federal Budget: Ontario Construction SecretariatInflation in Canada continues to slow, reaffirming BOC’s rate pause
Posted: Mar 22nd, 2023In: ConstructionNewsOTTAWA – Canada’s annual inflation rate continued to slow last month, reaffirming the central bank’s decision to hold its key interest rate steady. In its latest consumer price index report released Tuesday, Statistics Canada said the country’s inflation rate[...]
Read More about Inflation in Canada continues to slow, reaffirming BOC’s rate pauseBank of Canada holds key rate for first time in a year, leaves door open to hikes
Posted: Mar 10th, 2023In: ConstructionNewsPhoto: Bank of Canada OTTAWA – The Bank of Canada is holding its key interest rate steady for the first time in a year while reiterating its wait-and-see approach to monetary policy. The central bank said Wednesday that it has decided[...]
Read More about Bank of Canada holds key rate for first time in a year, leaves door open to hikesGTA new home market quiet in January: BILD Report
Posted: Feb 24th, 2023In: ConstructionNewsThe GTA new home market saw a slow month in January, according to the Building Industry and Land Development Association (BILD). There were 567 new home sales in January, which was down 81 per cent[...]
Read More about GTA new home market quiet in January: BILD ReportCanada’s annual inflation rate slowed in January, serving good news for the BoC
Posted: Feb 22nd, 2023In: ConstructionNewsOTTAWA – The annual inflation rate slowed more than expected in January, suggesting the Bank of Canada is likely content with its decision to pause rate hikes as price pressures continue to ease. In its consumer price index report[...]
Read More about Canada’s annual inflation rate slowed in January, serving good news for the BoCSlowing growth a `good thing’ when economy is overheated: BoC’s Macklem
Posted: Feb 15th, 2023In: ConstructionNewsOTTAWA – Bank of Canada governor Tiff Macklem says that although a slowing economy may not seem like a good thing, it is when the economy is overheated. Speaking in Quebec City Tuesday, Macklem said that higher interest rates are[...]
Read More about Slowing growth a `good thing’ when economy is overheated: BoC’s MacklemBoC considered not raising rates last month, but hot economy swayed decision
Posted: Feb 13th, 2023In: ConstructionNewsBank of Canada Governor Tiff Macklem at the January 25, 2023 interest rate announcement meeting OTTAWA – The Bank of Canada contemplated not raising interest rates last month but with the economy outperforming expectations, its governing council ultimately decided[...]
Read More about BoC considered not raising rates last month, but hot economy swayed decision