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Construction
Virus pummels commercial real estate, could end long boom
NEW YORK – Americans are likely to see more ''for rent'' signs in the coming months as many businesses devastated by the coronavirus pandemic abandon offices and storefronts and potentially end a long boom in the nation's commercial real…
CMHC reports projections for housing activity in Canada’s largest urban centres
Significant employment and income declines, coupled with uncertainty over the future trajectory of the virus and employment and income conditions, will lower demand for housing in 2020 reports Canada Mortgage and Housing Corporation (CMHC).…
Investment in building construction plunged 45.9% in April: Stats Can
According to a Statistics Canada release, investment in building construction plunged 45.9% to $8.4 billion in April compared with the previous month. Previously, the largest national decline on record for the current series (which dates…
BILD Survey reveals 498 GTA construction projects delayed due to COVID-19
A survey released by the Building Industry and Land Development Association (BILD) reveals that a majority of residential construction projects in the GTA have been delayed due the COVID-19 Pandemic.The survey covered 498 active…
BC looks to implement construction of mass timber buildings across the province
British Columbia Premier John Horgan has announced that the province is taking steps to strengthen its forest and timber industry by implementing mass timber into the construction of buildings.Premier Horgan appointed Ravi Kahlon,…
Bell launches 5G network in Montreal, Toronto, Calgary, Edmonton and Vancouver
MONTREAL – Bell says it has launched its new high-speed 5G wireless network in five cities today.The company says the new service is now available for customers in Montreal, the Greater Toronto Area, Calgary, Edmonton and Vancouver.…
Calgary Stampede unveils BMO Centre expansion design
The Calgary Stampede and development partner, Calgary Municipal Land Corporation (CMLC), have unveiled the design for the expansion of the BMO Convention Centre.
Last year, the Calgary Stampede and CMLC carried out a rigorous competitive…
Infrastructure Ontario and Metrolinx issue RFQ’s for Ontario Line subway project
Infrastructure Ontario (IO) and Metrolinx have issued two Requests for Qualifications (RFQs) for the Ontario Line project. This is the first step in selecting the teams who will be responsible for constructing this major transit project.…
CMHC changes underwriting policies for insured mortgages
The CMHC has reported that in order to protect future home buyers and reduce risk, it is changing its underwriting policies for insured mortgages. According to the CMHC, “the COVID-19 pandemic is affecting all sectors of Canada's economy,…
Bank of Canada keeps key rate target on hold, expects return to growth in Q3
OTTAWA – The economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound.The bank left its target for the overnight…