Industry Professionals respond to 2024 Federal Budget
Posted: Apr 19th, 2024In: ConstructionNewsFinance Minister Chrystia Freeland announces the new federal budget in Ottawa on April 16, 2024. The Canadian Home Builders’ Association (CHBA) and the Residential Construction Council of Ontario (RESCON) have issued statements in response to[...]
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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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ICI investment up in 2023, inflation slows modestly on annual basis: OCS
Posted: Mar 12th, 2024In: ConstructionNewsA recent economic report by the Ontario Construction Secretariat revealed that total ICI building construction investment cooled down by a bit at -0.3 per cent from November to December due to a -2.5 per cent[...]
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Annual OCS survey finds contractors are expecting more business growth in 2024
Posted: Mar 11th, 2024In: ConstructionNewsThe Ontario Construction Secretariat’s (OCS) annual Contractor Survey revealed that Ontario contractors are expecting 2024 to be a busy year. According to the survey, while there are still concerns about rising costs for materials and[...]
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Prompt Payment Act comes into force to address construction industry concerns about timeliness of payments
Posted: Jan 4th, 2024In: ConstructionNewsPhoto by Ono Kosuki from Pexels The federal government announced in December 2023 that under legislation, the federal government will now have 28 days to pay after contractors submit a proper invoice. The federal government’s[...]
Read More about Prompt Payment Act comes into force to address construction industry concerns about timeliness of paymentsMild contraction in Ontario construction investment: OCS
Posted: Jan 3rd, 2024In: ConstructionNewsPhoto by Anamul Rezwan from Pexels An economic report released on December 20, 2023, by the Ontario Construction Secretariat (OCS) revealed that there was a mild contraction in investment and that inflation remained unchanged. According[...]
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Canada’s construction industry poised for growth: JLL
Posted: Dec 12th, 2023In: ConstructionNewsAfter a year of stabilization, the construction industry in the U.S. and Canada is positioned for success in 2024, thanks to strong demand and as the normalization of supply chains and material prices, according to[...]
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Industrial sector investment continues upward trend: OCS
Posted: Dec 9th, 2023In: ConstructionNewsA recent economic report by the Ontario Construction Secretariat (OCS) revealed that employment and labour force increased slightly but left the unemployment rate unchanged at 4.3 per cent. According to the report, total ICI building construction[...]
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Institutional permit value experiences reversal from record high: OCS
Posted: Nov 21st, 2023In: ConstructionNewsA recent economic report by the Ontario Construction Secretariat (OCS) from early November revealed that employment and labour force decreased, while the unemployment rate increased from 3.7 per cent to 4.3 per cent. According to[...]
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B.C. tables legislation to encourage communities to build homes near transit hubs
Posted: Nov 11th, 2023In: ConstructionNewsThe British Columbia government introduced legislation on November 8 that estimates it could provide up to 100,000 new homes near designated transit areas over the next decade. Housing Minister Ravi Kahlon said the proposed legislation[...]
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