2021 home sales set new record, tops previous high by 20 per cent: CREA
Posted: Jan 18th, 2022In: ConstructionNewsThe Canadian Real Estate Association says annual home sales reached a new high in 2021, eclipsing the previous record set in 2020 by about 20 per cent. The association said Monday that about 667,000 residential[...]
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B.C. expands program aimed at preventing overdose deaths in construction
Posted: Jan 15th, 2022In: ConstructionNewsVICTORIA – The British Columbia government is providing a $1-million grant to expand access to resources aimed at preventing overdose deaths in the construction industry. Sheila Malcolmson, the minister of mental health and addictions, said[...]
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Quebec housing stock not keeping pace demand: CMHC
Posted: Jan 14th, 2022In: ConstructionNewsCMHC has released its latest Housing Market Insight report which looks at housing supply and demand relative to the housing stock in Quebec’s 3 largest census metropolitan areas: Montréal Québec Gatineau Below is a summary from[...]
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Feds give co operative housing providers extra help to ease rental costs
Posted: Jan 14th, 2022In: ConstructionNewsToronto housing co-operative ’60 Richmond East Housing Co-op’ is an urban in-fill project that incorporates a dynamic building program and LEED initiatives, designed by Teeple Architects Inc.. (Photo: by Shai Gil via TeepleArch.com) OTTAWA –[...]
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Third annual Builders Code Champion Awards honours construction leadership in BC
Posted: Jan 12th, 2022In: ConstructionNewsThe Builders Code honoured four employers with five Builders Code Champion Awards for “leading the way in advancing the workforce culture of BC’s industrial, commercial, and institutional construction sector.” The Builders Code Champion Awards were[...]
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The Good, The Bad and the Struggle: 2022 Construction Industry Outlook
Posted: Dec 30th, 2021In: ConstructionNewsAs the global pandemic begins to recede into the background, the big story of 2022 will be shortages: Shortage of materials, shortage of workers, and possibly even shortage of insurance coverage. Yet the construction industry[...]
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If companies want net-zero carbon offices, they need to focus on building materials
Posted: Dec 21st, 2021In: ConstructionNewsAn office building made with cross-laminated timber in Tokyo, Japan. (Shutterstock) Meike Siegner, Ryerson University and Cory Searcy, Ryerson University In 2020, the extraction, transport and manufacturing of materials for the building sector accounted for[...]
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Federal banking regulator holds uninsured mortgage stress test rate steady
Posted: Dec 21st, 2021In: ConstructionNewsOTTAWA – The federal banking regulator is keeping the interest rate used in a key stress test for uninsured mortgages on hold. The Office of the Superintendent of Financial Institutions said Friday the minimum qualifying[...]
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Feds name housing priorities, eye foreign buyers ban on non recreational residences
Posted: Dec 18th, 2021In: ConstructionNewsJustin Trudeau has handed his housing minister a series of tasks – including some targeting foreign buyers – in an attempt to make home ownership a reality for more Canadians. In a mandate letter sent[...]
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CMHC reports annual pace of housing starts in November climbs to 301,279
Posted: Dec 15th, 2021In: ConstructionNewsOTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in November rose 26 per cent compared with October as starts of apartments, condos and other types of multiple-unit housing projects[...]
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