Inflation 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[...]
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Ontario government proposes women’s-only washrooms on construction sites
Posted: Mar 18th, 2023In: ConstructionNewsThe Ontario government is proposing changes to require cleaner bathroom facilities, and women’s-only washrooms on construction sites. According to the government, there are nearly 600,000 construction workers in Ontario, but only one in 10 are[...]
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CMHC says annual rate of housing starts climbed 13 per cent in February
Posted: Mar 16th, 2023In: ConstructionNewsOTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts climbed 13 per cent in February. The national housing agency says the seasonally adjusted annual rate of housing starts for the[...]
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Three strategies to help fix housing supply
Posted: Mar 15th, 2023In: ConstructionNewsThe causes and solutions to Canada’s housing crisis have been endlessly debated in recent years. But at the core of the challenge is a supply issue – there simply isn’t enough housing to meet demand.[...]
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Ontario municipalities feel impacts of housing law, worry over little audit progress
Posted: Mar 14th, 2023In: ConstructionNewsTORONTO — It has been more than three months since Ontario promised to make municipalities “whole” on a loss of development charge revenue due to a new provincial law, and they say they’re concerned they’ve[...]
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Ontario to require technological education course for high school graduation
Posted: Mar 11th, 2023In: ConstructionNewsMISSISSAUGA, Ont. — Ontario high school students will soon be required to pass a technological education course to graduate. Education Minister Stephen Lecce announced Friday that the requirement will start with students who enter Grade[...]
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Bank 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[...]
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Ontario launches Grade 11 program to work toward skilled trade apprenticeship
Posted: Mar 9th, 2023In: ConstructionNewsPICKERING, Ont. – Ontario will allow students in Grade 11 to begin working toward their apprenticeships in skilled trades. Education Minister Stephen Lecce says it’s a deal that lets high school students earn credits toward[...]
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GTA 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[...]
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Canada’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[...]
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