Industry Professionals respond to Canada’s Housing Plan
Posted: Apr 26th, 2024In: ConstructionNewsOn April 12, 2024, the federal government released Solving the Housing Crisis: Canada’s Housing Plan, which aims to help solve the housing crisis. The plan, which is a significant part of the 2024 budget, features[...]
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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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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[...]
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Seven in 10 Canadian Firms Expect Backlog to Grow or Remain During Next 12 Months: Report
Posted: Nov 2nd, 2023In: ConstructionNewsPhoto credit: Photomix Company A recent report has revealed that 70 per cent of Canadian civil and infrastructure construction firms expect their project backlog to increase or remain the same over the next year as[...]
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British Columbia’s Construction Development Cautious Amid Economic Pressures and Legislative Delays: Report
Posted: Oct 28th, 2023In: ConstructionNewsPhoto credit: Life of Pix Statistics reported in the Fall 2023 BC Construction Association (BCCA) Industry Stat Pack, along with findings from an economic and policy report recently published by the organization, have revealed an[...]
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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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Unprecedented construction needed in B.C. to offset record immigration: Report
Posted: Mar 30th, 2023In: ConstructionNewsVANCOUVER — Home construction in British Columbia will need to rise to unprecedented levels to offset the impact of record immigration on the housing market, the B.C. Real Estate Association said in a new report[...]
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Ontario budget shows lower projections for new home construction
Posted: Mar 25th, 2023In: ConstructionNewsTORONTO — Projections in Ontario’s budget for housing starts show the province’s target to build 1.5 million homes in 10 years slipping further out of reach with each passing year. Nearly 100,000 homes were built[...]
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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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