Building - Fix Team

Ontario makes additional investment to promote skilled trades to young people

By:Building .caPosted: Nov 29th, 2021In: ConstructionNews

Ontario has announced an investment of $90 million over three years to further promote the skilled trades to young people. This investment responds to the Apprenticeship Youth Advisors report, which includes several recommendations to help[...]

Bank of Canada deputy says households may be more impacted by rise in interest rates

By:Building .caPosted: Nov 25th, 2021In: ConstructionNews

OTTAWA – A senior official at the Bank of Canada says the number of highly indebted households appears to be back on the rise as pandemic aid from governments winds down. In a speech to a conference held by the Ontario[...]

Ontario Construction Secretariat reviews the government’s Fall Economic Statement

By:Building .caPosted: Nov 23rd, 2021In: ConstructionNews

The Ontario Construction Secretariat reviewed the government’s Fall Economic Statement: 2021 Ontario Economic Outlook and Fiscal Review: Build Ontario. The document lays out the province’s plan for “economic recovery and prosperity through critical infrastructure projects,[...]

New home prices increase nationally in October

By:Building .caPosted: Nov 20th, 2021In: ConstructionNews

According to the Statistics Canada ‘New Housing Price Index, October 2021’, new home prices increased 0.9% in October nationally, slightly higher than the rise observed over the past four months. Prices were up in 15 of the 27 census metropolitan[...]

Hurdles ahead: Uncovering future challenges faced by the AEC industry

By:Building .caPosted: Nov 15th, 2021In: ConstructionNews

Photo by Nick van den Berg on Unsplash Hundreds of millions more people will settle in the world’s cities in the coming decades. Artificial intelligence will continue to transform every aspect of our lives. Buildings,[...]

CMHC has projects underway to help build greener housing in Canada

By:Building .caPosted: Nov 10th, 2021In: ConstructionNews

OTTAWA — The chief climate officer for Canada Mortgage and Housing Corp. says the federal agency has “lots underway” to encourage the construction of more sustainable housing. Steven Mennill says a first priority will be[...]

Amazon cloud computing division to open second Canadian hub in Calgary region

By:Building .caPosted: Nov 9th, 2021In: ConstructionNews

CALGARY – Amazon says it plans to open a second cloud-computing server hub in Canada in late 2023 that will result in billions of dollars of investments in the coming years. Amazon Web Services, the[...]

Record High Q3 for GTA New Condo Sales: Urbanation

By:Building .caPosted: Nov 8th, 2021In: ConstructionNews

According to data from the recently released Urbanation Inc., Q3-2021 Condominium Market Survey, new condominium apartment sales in the Greater Toronto Area totaled 7,773 units during the third quarter of 2021, increasing 22% year-over-year from[...]

End of quantitative easing shadows Liberals’ consultation on managing federal debt

By:Building .caPosted: Nov 2nd, 2021In: ConstructionNews

Deputy Prime Minister Chrystia Freeland discusses Canada’s economic recovery in a virtual conversation hosted by the Canadian Chamber of Commerce on October 27, 2021. OTTAWA – The Bank of Canada’s move to end its pandemic-driven[...]

Bank of Canada warns on prolonged inflation, ends bond buying program

By:Building .caPosted: Oct 28th, 2021In: ConstructionNews

Bank of Canada Governor Tiff Macklem (photo: Bank of Canada @bankofcanada Twitter) OTTAWA – The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be[...]