Soaring inflation has Canadians bracing for more financial turbulence: Angus Reid
Posted: Jun 28th, 2022In: ConstructionNewsIn the midst of the highest inflation rates in forty years, a new study from the non-profit Angus Reid Institute finds that overall, 45 per cent of respondents say they are worse off now than[...]
Read More about Soaring inflation has Canadians bracing for more financial turbulence: Angus Reid
Inflation skyrockets to highest level in nearly 40 years as gas prices soar
Posted: Jun 23rd, 2022In: ConstructionNewsOTTAWA – Soaring gas prices helped the annual inflation rate in May soar to its highest level in nearly 40 years, as the rising cost of living for Canadians squeezed household budgets and bolstered expectations the Bank of Canada will opt[...]
Read More about Inflation skyrockets to highest level in nearly 40 years as gas prices soar
The cheaper we build our buildings, the more they cost after an earthquake, wildfire or tornado
Posted: Jun 17th, 2022In: ConstructionNewsSeveral people were injured and homes destroyed after tornadoes touched down in Barrie, Ont., in July 2021. (Duckdave/Wikimedia), CC BY-SA Keith Porter, Western University A tornado cut a 270-kilometre path through Kentucky in mid-December 2021,[...]
Read More about The cheaper we build our buildings, the more they cost after an earthquake, wildfire or tornado
Freeland touts previously announced measures to combat hot inflation
Posted: Jun 16th, 2022In: ConstructionNewsTORONTO – Amid stubbornly hot inflation and rising interest rates, Finance Minister Chrystia Freeland detailed financial commitments to “help make life more affordable for millions of Canadians” – but the measures were all previously announced. Freeland delivered[...]
Read More about Freeland touts previously announced measures to combat hot inflation
CMHC reports annual pace of housing starts up in May
Posted: Jun 15th, 2022In: ConstructionNewsOTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in May was up eight per cent compared with April. The national housing agency says the seasonally adjusted annual rate of[...]
Read More about CMHC reports annual pace of housing starts up in May
Key household debt to income ratio down in Q1 as income rises faster than debt
Posted: Jun 14th, 2022In: ConstructionNewsOTTAWA – Statistics Canada says the amount Canadians owe relative to their income pulled back in the first quarter from the record level set in the fourth quarter of 2021 as incomes grew faster than debt.[...]
Read More about Key household debt to income ratio down in Q1 as income rises faster than debt
City steps to national forefront of embodied carbon reduction research
Posted: Jun 13th, 2022In: ConstructionNewsPhoto by Roy Gaiot, Canadian Architect magazine THE NELSON DAILY With the release of a new report the city has become one of the leading municipalities in the nation when it comes to addressing embodied[...]
Read More about City steps to national forefront of embodied carbon reduction research
Bank of Canada says household debt and home prices key risks for financial system
Posted: Jun 10th, 2022In: ConstructionNewsOTTAWA – The Bank of Canada said vulnerabilities from high household debt and elevated housing prices have increased and pose key risks to the Canadian financial system. In its latest financial system review, the central bank said Thursday the twin factors[...]
Read More about Bank of Canada says household debt and home prices key risks for financial system
Bank of Canada says economy can handle higher rates despite household debt risks
Posted: Jun 9th, 2022In: ConstructionNewsHigh household debt and elevated housing prices have become bigger vulnerabilities in the past year, but the economy can still handle the rising interest rates needed to tame inflation, Bank of Canada governor Tiff Macklem said Thursday. “We think[...]
Read More about Bank of Canada says economy can handle higher rates despite household debt risks
Study finds non homeowners are pessimistic about buying homes despite cooling prices
Posted: Jun 6th, 2022In: ConstructionNewsTORONTO – A new study conducted by Chartered Professional Accountants of Canada (CPA Canada) finds that Canadians who don’t own homes think home ownership remains far out of reach despite prices cooling slightly across the[...]
Read More about Study finds non homeowners are pessimistic about buying homes despite cooling prices