Unemployment rate up; Permit value rises slightly: OCS
Posted: Mar 22nd, 2024In: ConstructionNewsA recent economic report by the Ontario Construction Secretariat (OCS) revealed that a decrease in employment and an increase in the labour force pushed the unemployment rate up in February. According to the report, permit value increased[...]
Read More about Unemployment rate up; Permit value rises slightly: OCSBrock researcher says giant bamboo may be future of sustainable construction
Posted: Mar 20th, 2024In: ConstructionNewsPhoto: Brock University via Getty Images A Brock researcher is aiming to shape the future of sustainable construction through the use of engineered bamboo, a material that’s considered “unconventional.” With funding from a Government of[...]
Read More about Brock researcher says giant bamboo may be future of sustainable constructionICI 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[...]
Read More about ICI investment up in 2023, inflation slows modestly on annual basis: OCSAnnual 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[...]
Read More about Annual OCS survey finds contractors are expecting more business growth in 2024Prompt 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[...]
Read More about Mild contraction in Ontario construction investment: OCSCanada’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[...]
Read More about Canada’s construction industry poised for growth: JLLIndustrial 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[...]
Read More about Industrial sector investment continues upward trend: OCSFederal government announces more than $60 million in funding for new rental homes in Ontario
Posted: Nov 30th, 2023In: ConstructionNewsThe federal government recently announced over $60 million to build 204 purpose-built rental homes across two projects in Kingston and Peterborough. The announcement was made on November 17, 2023, at the 11 Wright Crescent project by Mark Gerretsen, Member[...]
Read More about Federal government announces more than $60 million in funding for new rental homes in OntarioInstitutional 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[...]
Read More about Institutional permit value experiences reversal from record high: OCS