housing - Fix Team

Short-term contractions may ease some labour market challenges, but Canada’s construction industry is poised for further growth through 2032

By:Building .caPosted: May 8th, 2023In: ConstructionNews

Canada’s construction sector continues to perform at an elevated level following the COVID-19 pandemic. Strong levels of investments by governments across the country have helped to stimulate the economy, demand for housing remains high, and[...]

Industry professionals respond to the 2023 Federal Budget

By:Building .caPosted: Apr 4th, 2023In: ConstructionNews

The 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[...]

2023 Federal Budget: Ontario Construction Secretariat

By:Building .caPosted: Apr 1st, 2023In: ConstructionNews

Canada 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[...]

Unprecedented construction needed in B.C. to offset record immigration: Report

By:Building .caPosted: Mar 30th, 2023In: ConstructionNews

VANCOUVER — 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[...]

Ontario budget shows lower projections for new home construction

By:Building .caPosted: Mar 25th, 2023In: ConstructionNews

TORONTO — 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[...]

Inflation in Canada continues to slow, reaffirming BOC’s rate pause

By:Building .caPosted: Mar 22nd, 2023In: ConstructionNews

OTTAWA – 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[...]

CMHC says annual rate of housing starts climbed 13 per cent in February

By:Building .caPosted: Mar 16th, 2023In: ConstructionNews

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts climbed 13 per cent in February. The national housing agency says the seasonally adjusted annual rate of housing starts for the[...]

Three strategies to help fix housing supply

By:Building .caPosted: Mar 15th, 2023In: ConstructionNews

The causes and solutions to Canada’s housing crisis have been endlessly debated in recent years. But at the core of the challenge is a supply issue – there simply isn’t enough housing to meet demand.[...]

Ontario municipalities feel impacts of housing law, worry over little audit progress

By:Building .caPosted: Mar 14th, 2023In: ConstructionNews

TORONTO — It has been more than three months since Ontario promised to make municipalities “whole” on a loss of development charge revenue due to a new provincial law, and they say they’re concerned they’ve[...]

Bank of Canada holds key rate for first time in a year, leaves door open to hikes

By:Building .caPosted: Mar 10th, 2023In: ConstructionNews

Photo: 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[...]