B.C.’s 7th Annual Construction and Skilled Trades Month recognizes excellence across industry
Posted: Apr 9th, 2024In: ConstructionNewsPhoto by Life Of Pix from Pexels British Columbia’s seventh annual Construction and Skilled Trades Month aims to recognize excellence across the industry in two areas of priority: culture change, and leadership. This year’s celebration[...]
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ICI investment off to a cool start in 2024: OCS
Posted: Apr 8th, 2024In: ConstructionNewsA recent economic report by the Ontario Construction Secretariat (OCS) revealed that total ICI building construction investment dropped 1.8 per cent from December to January, mainly due to a -2.7 per cent monthly change in the commercial[...]
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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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Industry professionals respond to the 2023 Federal Budget
Posted: Apr 4th, 2023In: ConstructionNewsThe Canada Green Building Council (CAGBC), Canadian Urban Transit Association (CUTA), Pembina Institute, Canada’s Building Trades Unions, and RESCON have issued the following statements in response to the federal government’s Budget 2023: According to the[...]
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2023 Federal Budget: Ontario Construction Secretariat
Posted: Apr 1st, 2023In: ConstructionNewsCanada rebounded quickly from the pandemic, and in 2022 it was the fastest growing economy in the G7. This was due to government support, strong population growth (highest in the G7), and resilient household and[...]
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Inflation in Canada continues to slow, reaffirming BOC’s rate pause
Posted: Mar 22nd, 2023In: ConstructionNewsOTTAWA – Canada’s annual inflation rate continued to slow last month, reaffirming the central bank’s decision to hold its key interest rate steady. In its latest consumer price index report released Tuesday, Statistics Canada said the country’s inflation rate[...]
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Bank of Canada holds key rate for first time in a year, leaves door open to hikes
Posted: Mar 10th, 2023In: ConstructionNewsPhoto: Bank of Canada OTTAWA – The Bank of Canada is holding its key interest rate steady for the first time in a year while reiterating its wait-and-see approach to monetary policy. The central bank said Wednesday that it has decided[...]
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Canada’s annual inflation rate slowed in January, serving good news for the BoC
Posted: Feb 22nd, 2023In: ConstructionNewsOTTAWA – The annual inflation rate slowed more than expected in January, suggesting the Bank of Canada is likely content with its decision to pause rate hikes as price pressures continue to ease. In its consumer price index report[...]
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Slowing growth a `good thing’ when economy is overheated: BoC’s Macklem
Posted: Feb 15th, 2023In: ConstructionNewsOTTAWA – Bank of Canada governor Tiff Macklem says that although a slowing economy may not seem like a good thing, it is when the economy is overheated. Speaking in Quebec City Tuesday, Macklem said that higher interest rates are[...]
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