Federal 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 OntarioDecreased rental prices suggest return to moderation despite low vacancy: report
Posted: Oct 27th, 2023In: ConstructionNewsThe industrial market in the Greater Toronto Area (GTA) is moving towards a more moderate phase, with vacancy rates slowly rising and smaller quarter-over-quarter increases in average net asking rents, according to JLL’s latest Industrial[...]
Read More about Decreased rental prices suggest return to moderation despite low vacancy: reportFeds’ limited engagement with professionals contributing to housing crisis: CIQS
Posted: Oct 26th, 2023In: ConstructionNewsCanada’s construction economics are calling attention to the federal government’s oversights, highlighting the urgent demand for reforms aimed at tackling the housing affordability crisis. The Canadian Institute of Quantity Surveyors (CIQS), representing Professional Quantity Surveyors[...]
Read More about Feds’ limited engagement with professionals contributing to housing crisis: CIQSIndustry 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[...]
Read More about Industry professionals respond to the 2023 Federal Budget2023 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[...]
Read More about 2023 Federal Budget: Ontario Construction SecretariatUnprecedented 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[...]
Read More about Unprecedented construction needed in B.C. to offset record immigration: ReportOntario 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[...]
Read More about Ontario budget shows lower projections for new home constructionInflation 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[...]
Read More about Inflation in Canada continues to slow, reaffirming BOC’s rate pauseCMHC says annual rate of housing starts climbed 13 per cent in February
Posted: Mar 16th, 2023In: ConstructionNewsOTTAWA — 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[...]
Read More about CMHC says annual rate of housing starts climbed 13 per cent in FebruaryThree strategies to help fix housing supply
Posted: Mar 15th, 2023In: ConstructionNewsThe 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.[...]
Read More about Three strategies to help fix housing supply