The Bank of Canada’s own policy is the reason why inflation is so high
Posted: Sep 16th, 2022In: ConstructionNewsGovernor of the Bank of Canada Tiff Macklem speaks at a press conference in Ottawa in June 2022. THE CANADIAN PRESS/ Patrick Doyle Apostolos Serletis, University of Calgary The Bank of Canada has raised interest[...]
Read More about The Bank of Canada’s own policy is the reason why inflation is so highVandyk’s transit-oriented community Grand Central Mimico appoints PCL Construction
Posted: Oct 9th, 2021In: ConstructionNewsRendering: SVN Architects + Planners Vandyk Properties (Vandyk), has announced PCL Construction as the official construction manager of record for the master-planned, community of Grand Central Mimico in Etobicoke. According to Vandyk, Grand Central Mimico marks the first-ever[...]
Read More about Vandyk’s transit-oriented community Grand Central Mimico appoints PCL ConstructionSmartCentres REIT Releases Second Quarter Results for 2021
Posted: Aug 13th, 2021In: ConstructionNewsRendering source: transitcity.com SmartCentres Real Estate Investment Trust reported its financial and operating results for the quarter ended June 30, 2021. “Our second quarter results reflect the continued strength of our portfolio that experienced collection[...]
Read More about SmartCentres REIT Releases Second Quarter Results for 2021GTA new home market strong in May
Posted: Jul 6th, 2021In: ConstructionNewsThe Greater Toronto Area new home market continued strong in May, with total sales and condominium apartment sales above the 10-year average, the Building Industry and Land Development Association (BILD) announced today. Total May new[...]
Read More about GTA new home market strong in MayHome renovation savings prove elusive as wood prices at record highs
Posted: May 8th, 2021In: ConstructionNewsCALGARY – Canadian consumers have many ways to save money on home renovations despite a pandemic-driven surge in demand that has jolted lumber and construction panel prices to all-time highs. However, such advice usually falls on deaf[...]
Read More about Home renovation savings prove elusive as wood prices at record highsRising loonie hits ‘sweet spot,’ likely to climb further: economists
Posted: May 4th, 2021In: ConstructionNewsEconomists say the Canadian dollar is at a ‘sweet-spot’ after rising for seven straight days to top 81 cents US, a point where it benefits consumers but doesn’t hurt businesses too much. The loonie traded[...]
Read More about Rising loonie hits ‘sweet spot,’ likely to climb further: economistsFederal Budget 2021: Liberals top up long term plan for affordable housing
Posted: Apr 21st, 2021In: ConstructionNewsOTTAWA – The federal government topped up its housing and infrastructure plans in Monday’s budget, but held back on an overhaul as homes and cities grow increasingly unaffordable. In the first budget in more than two years,[...]
Read More about Federal Budget 2021: Liberals top up long term plan for affordable housingExperts, advocates say federal budget is hit and miss on housing
Posted: Apr 20th, 2021In: ConstructionNewsOTTAWA – Experts and advocates say countrywide government measures aimed at putting housing within reach of more Canadians mark a step in the right direction, despite a few misses and ham-fisted moves. Monday’s federal budget[...]
Read More about Experts, advocates say federal budget is hit and miss on housingBank of Canada keeps key interest rate target on hold despite more upbeat forecast
Posted: Mar 11th, 2021In: ConstructionNewsOTTAWA – The Bank of Canada kept its key interest rate on hold Wednesday even as it said it now expects the economy will grow over the first three months of this year, an about-face from its previous forecast just weeks[...]
Read More about Bank of Canada keeps key interest rate target on hold despite more upbeat forecastRomy Bowers named new head of CMHC, will succeed Evan Siddall in April
Posted: Mar 4th, 2021In: ConstructionNewsThe Canada Mortgage and Housing Corp. has chosen Romy Bowers to succeed Evan Siddall as its chief executive next month. Previously a managing director at Bank of Montreal, Bowers has been with the federal housing[...]
Read More about Romy Bowers named new head of CMHC, will succeed Evan Siddall in April