renovations - Fix Team

Bank of Canada keeps key interest rate target on hold

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

OTTAWA – The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent. The rate has been on hold at its rock-bottom level since the onset of the pandemic last year and the central bank has said[...]

Stronger growth expected in rest of 2021 after economy grows 5.6% in first quarter

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

OTTAWA — The Canadian economy grew at an annual rate of 5.6 per cent in the first quarter of the year before falling back in April, leaving experts looking forward to summer and hopes for[...]

$2.6-billion Canada Greener Homes Grant to provide $5,000 for retrofits

By:Building .caPosted: May 28th, 2021In: ConstructionNews

The Prime Minister, Justin Trudeau, today launched the new Canada Greener Homes Grant, which according to the government, will help up to 700,000 Canadian homeowners across the country improve the energy efficiency of their homes and[...]

U.S. moves to double tariffs on Canadian softwood lumber imports

By:Building .caPosted: May 25th, 2021In: ConstructionNews

CALGARY – A move by the U.S. Commerce Department to increase preliminary tariffs on softwood lumber imports from Canada, if finalized, will raise producer costs and cut into their profits but is unlikely to affect prices to[...]

Home renovation savings prove elusive as wood prices at record highs

By:Building .caPosted: May 8th, 2021In: ConstructionNews

CALGARY – Canadian consumers have many ways to save money on home renovations despite a pandemic-driven surge in demand that has jolted lumber and construction panel prices to all-time highs. However, such advice usually falls on deaf[...]

Early estimate from Statistics Canada shows economic growth slowed in Q1

By:Building .caPosted: May 1st, 2021In: ConstructionNews

OTTAWA – 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[...]

Majority of homeowners have no plans to sell amid a tight housing market: CIBC

By:Building .caPosted: Apr 23rd, 2021In: ConstructionNews

As 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[...]

With travel plans cancelled, Atlantic Canadians turn to home renos

By:Building .caPosted: Apr 6th, 2021In: ConstructionNews

TELEGRAPH-JOURNAL When the pandemic closed borders and put a temporary stop to travelling, many Atlantic Canadians took their holiday funds and poured them into home renovations instead. “We were saving up for a trip to[...]