property development

Ontario’s Growth Plan is reducing housing affordability

By:Building .caPosted: Sep 17th, 2022In: ConstructionNews

A building under construction in Toronto. According to Canada’s national housing agency, Ontario needs to build 1.8 million new homes to alleviate the housing crisis. (Shutterstock) Frank Clayton, Toronto Metropolitan University Few Ontario residents know[...]

Toronto area commercial real estate deals total $7B in Q2, up 43% from year ago

By:Building .caPosted: Aug 23rd, 2022In: ConstructionNews

Source: Avison Young TORONTO – A new report says the total value of commercial real estate sales in the Greater Toronto Area in the second quarter rose 43 per cent compared with a year ago.[...]

RESCON cites three issues Ontario should address to boost housing

By:Building .caPosted: Aug 9th, 2022In: ConstructionNews

The Residential Construction Council of Ontario (RESCON) has recently released a three-step proposal to boost the housing supply in Ontario. “There are three critical matters that need to be addressed if we want to reach[...]

Calgary recruits commercial real estate expertise to revive new arena

By:Building .caPosted: May 27th, 2022In: ConstructionNews

CALGARY – The city of Calgary has recruited citizens from the commercial real-estate sector to help get a new event centre and home for the Calgary Flames back on track. When an agreement between the[...]

RioCan REIT sees demand for retail space soar as it reports first quarter profit

By:Building .caPosted: May 11th, 2022In: ConstructionNews

TORONTO – RioCan Real Estate Investment Trust is seeing strong demand for retail space, even as companies work to recover from the effects of COVID-19 and cope with rising inflation. Jonathan Gitlin, the real estate[...]

Flooding cuts 8.2 per cent off average Canadian home sale prices, says study

By:Building .caPosted: Feb 16th, 2022In: ConstructionNews

Gatineau, Quebec, Canada, April 2019: Volunteers walk through water to carry sand bags while trying to protect a home during the spring 2019 floods of the Ottawa River. Flooding Canada experienced in the last decade[...]

Revised Yonge North Subway alignment announced, to tunnel under fewer homes

By:Building .caPosted: Dec 9th, 2021In: ConstructionNews

After input from the Thornhill community, Metrolinx has announced a refinement to the proposed Yonge North Subway Extension route, which tunnels under the neighborhood located in Markham, Ontario. On December 8th, Metrolinx president and CEO,[...]

Vandyk’s transit-oriented community Grand Central Mimico appoints PCL Construction

By:Building .caPosted: Oct 9th, 2021In: ConstructionNews

Rendering: SVN Architects + Planners Vandyk Properties (Vandyk), has announced PCL Construction as the official construction manager of record for the master-planned, community of Grand Central Mimico in Etobicoke. According to Vandyk, Grand Central Mimico marks the first-ever[...]

Chinese developer misses payment, adding to industry strain

By:Building .caPosted: Oct 7th, 2021In: ConstructionNews

Shenzhen Futian Eastern Skyline, Shenzhen’s two iconic skyscrapers, Kingkey 100, and Shun Hing Plaza (Diwang Building) stand among them. (photo: Charlie Fong via Wikimedia Commons) BEIJING (AP) – A midsize Chinese real estate developer failed[...]

Canadian Canoe Museum to Begin Construction on New Museum

By:Building .caPosted: Oct 4th, 2021In: ConstructionNews

The Canadian Canoe Museum makes an impression from the streetside. Its curving façade gently lifts to reveal the mass timber elements through large expanses of glazing. The building is clad in weathered steel panels, giving[...]