Early estimate from Statistics Canada shows economic growth slowed in Q1
Posted: May 1st, 2021In: ConstructionNewsOTTAWA – The Canadian economy grew at an annual rate of 6.5 per cent through the first quarter of the year, Statistics Canada said Friday, bringing the country tantalizing close to reaching pre-pandemic output. The preliminary estimate for the first three[...]
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Majority of homeowners have no plans to sell amid a tight housing market: CIBC
Posted: Apr 23rd, 2021In: ConstructionNewsAs supply remains tight in key regions of the Canadian housing market, a recent CIBC survey finds that most homeowners say the pandemic has not changed their intentions of staying put, with many choosing to[...]
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More supply needed to ease housing price crunch, but always more to do, Freeland says
Posted: Apr 22nd, 2021In: ConstructionNewsOTTAWA – Finance Minister Chrystia Freeland says the country needs a boost in the supply of housing to help make prices more affordable, but suggests there may be other steps governments can take. Speaking at a virtual[...]
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Bank of Canada keeps rate on hold, sees brighter economic outlook
Posted: Apr 21st, 2021In: ConstructionNewsOTTAWA – The bank of Canada provided a rosy revision to its economic outlook Wednesday but kept its key rate at 0.25 per cent in a sign that it won’t count its chickens before they hatch. The improving conditions[...]
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