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 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 supplyOntario municipalities feel impacts of housing law, worry over little audit progress
Posted: Mar 14th, 2023In: ConstructionNewsTORONTO — 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[...]
Read More about Ontario municipalities feel impacts of housing law, worry over little audit progressBank 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 hikesOntario launches Grade 11 program to work toward skilled trade apprenticeship
Posted: Mar 9th, 2023In: ConstructionNewsPICKERING, Ont. – Ontario will allow students in Grade 11 to begin working toward their apprenticeships in skilled trades. Education Minister Stephen Lecce says it’s a deal that lets high school students earn credits toward[...]
Read More about Ontario launches Grade 11 program to work toward skilled trade apprenticeship