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[...]
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 SecretariatInflation 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 pauseThree 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 supplyBank 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[...]
Read More about Bank of Canada holds key rate for first time in a year, leaves door open to hikesCanada’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[...]
Read More about Canada’s annual inflation rate slowed in January, serving good news for the BoCHCRA imposes financial penalties on illegal home builders
Posted: Feb 18th, 2023In: ConstructionNewsAs it marks its second year of operations, the Home Construction Regulatory Authority (HCRA) may now impose administrative penalties on Ontario home builders or vendors who breach their legal and ethical obligations. A new regulation[...]
Read More about HCRA imposes financial penalties on illegal home buildersSlowing 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[...]
Read More about Slowing growth a `good thing’ when economy is overheated: BoC’s MacklemIndustry groups urge government to prioritize purpose-built rentals to tackle housing deficit
Posted: Feb 14th, 2023In: ConstructionNewsA new report by the Building Industry and land Development Association (BILD) and the Federation of Rental-housing Providers of Ontario (FRPO) has warned of a concerning shortage of rental housing in the Greater Toronto Area[...]
Read More about Industry groups urge government to prioritize purpose-built rentals to tackle housing deficitBoC considered not raising rates last month, but hot economy swayed decision
Posted: Feb 13th, 2023In: ConstructionNewsBank of Canada Governor Tiff Macklem at the January 25, 2023 interest rate announcement meeting OTTAWA – The Bank of Canada contemplated not raising interest rates last month but with the economy outperforming expectations, its governing council ultimately decided[...]
Read More about BoC considered not raising rates last month, but hot economy swayed decision