Housing 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[...]
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Federal government announces more than $60 million in funding for new rental homes in Ontario
Posted: Nov 30th, 2023In: ConstructionNewsThe federal government recently announced over $60 million to build 204 purpose-built rental homes across two projects in Kingston and Peterborough. The announcement was made on November 17, 2023, at the 11 Wright Crescent project by Mark Gerretsen, Member[...]
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Highlights from the 2023 Ontario Economic Outlook and Fiscal Review
Posted: Nov 7th, 2023In: ConstructionNewsOn November 2, 2023, the Minister of Finance, Peter Bethlenfalvy, released the 2023 Ontario Economic Outlook and Fiscal Review: Building a Strong Ontario Together that outlines how the government will help address ongoing economic uncertainty[...]
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Canada’s Current Immigration Plans Can Help Address Labour Shortages in Residential Construction Sector: Study
Posted: Oct 24th, 2023In: ConstructionNewsAccording to new research from The Conference Board of Canada, immigration programs can help address labour shortages in the residential construction sector and support Canada reaching its residential construction goals. The research was done in collaboration with[...]
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Toronto’s Committee of Adjustment Process Contributes to Delays and Added Expenses in Home Renovations and Infill Housing Construction
Posted: Oct 5th, 2023In: ConstructionNewsA recent investigation, carried out by Altus Group Economic Consulting and sponsored by the Building Industry and Land Development Association (BILD) on behalf of the professional renovation sector, reveals that the procedural delays and inefficiencies[...]
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Short-term contractions may ease some labour market challenges, but Canada’s construction industry is poised for further growth through 2032
Posted: May 8th, 2023In: ConstructionNewsCanada’s construction sector continues to perform at an elevated level following the COVID-19 pandemic. Strong levels of investments by governments across the country have helped to stimulate the economy, demand for housing remains high, and[...]
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Industry 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[...]
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2023 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[...]
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Unprecedented construction needed in B.C. to offset record immigration: Report
Posted: Mar 30th, 2023In: ConstructionNewsVANCOUVER — Home construction in British Columbia will need to rise to unprecedented levels to offset the impact of record immigration on the housing market, the B.C. Real Estate Association said in a new report[...]
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Ontario budget shows lower projections for new home construction
Posted: Mar 25th, 2023In: ConstructionNewsTORONTO — Projections in Ontario’s budget for housing starts show the province’s target to build 1.5 million homes in 10 years slipping further out of reach with each passing year. Nearly 100,000 homes were built[...]
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