Google to spend $2.1 billion on Manhattan campus acquisition
Posted: Sep 23rd, 2021In: ConstructionNewsRendering courtesy COOKFOX Architects via Oxford Properties NEW YORK (AP) – Google is planning to buy New York City’s St. John’s Terminal for $2.1 billion, making it the anchor of its Hudson Square campus. The announcement[...]
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University lecture hall becomes testing lab for noise levels on Yonge North Subway Extension
Posted: Sep 23rd, 2021In: ConstructionNewsThe following is a repost of a September 21st Metrolinx Blog post: The lecture halls of York University’s Schulich School of Business, are best known as places where future generations of business leaders learn the[...]
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RFQ Issued for Scarborough Subway Extension Stations, Rail and Systems
Posted: Sep 22nd, 2021In: ConstructionNewsInfrastructure Ontario (IO) and Metrolinx have released a Request for Qualifications (RFQ) to identify teams interested in designing and building the Stations, Rail and Systems (SRS) package for the Scarborough Subway Extension project. According to[...]
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Federal election 2021: More supply won’t solve Canada’s housing affordability crisis
Posted: Sep 19th, 2021In: ConstructionNewsA four-year-old girl plays house as Liberal Leader Justin Trudeau makes a campaign stop in Mississauga, Ont., where he spoke of his party’s policy on affordable housing. THE CANADIAN PRESS/Sean Kilpatrick Joel Roberts, York University,[...]
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MZOs necessary due to speed of approvals: RESCON
Posted: Sep 18th, 2021In: ConstructionNewsThe Residential Construction Council of Ontario (RESCON) has issued a statement voicing it’s disappointed at a recent Ontario Divisional Court ruling which indicates that the provincial government erred in failing to consult the public on[...]
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Ontario’s Construction Employment Reaches 4-Month High
Posted: Sep 18th, 2021In: ConstructionNewsAccording to a release from the Ontario Construction Secretariat (OCS), Statistics Canada’s latest labour force data was released on September 10th, showing an additional 10,000 construction industry jobs in Ontario in August compared to July[...]
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CREA lowers home sales forecast, but nudges average price higher
Posted: Sep 16th, 2021In: ConstructionNewsTight supply conditions and increasing home prices pushed the Canadian Real Estate Association to forecast the country will wrap the year with fewer home sales than it previously predicted. The association revealed an updated forecast[...]
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Federal leaders argue over affordability plans as campaigns make pitch for votes
Posted: Sep 16th, 2021In: ConstructionNewsOTTAWA – The question of who would make life more affordable for Canadians hit the campaign trail Wednesday with party leaders defending why their spending plans would ease pressures as inflation hit a near two-decade[...]
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Bank of Canada plans to raise interest rate before moving to reduce bond holdings
Posted: Sep 11th, 2021In: ConstructionNewsBank of Canada governor Tiff Macklem says the central bank plans to increase interest rates before it reduces the size of its government bond holdings, although its timing on the rate hike will depend on the economic recovery. The central bank is currently purchasing[...]
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Ontario government investing $1M for free training to support construction sector
Posted: Sep 10th, 2021In: ConstructionNewsThe Ontario government is investing over $1 million in two projects that will provide free training in construction to 645 people in Northern Ontario. According to a release, the investment plan will prioritize those from[...]
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