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Construction
Inflation skyrockets to highest level in nearly 40 years as gas prices soar
OTTAWA – Soaring gas prices helped the annual inflation rate in May soar to its highest level in nearly 40 years, as the rising cost of living for Canadians squeezed household budgets and bolstered expectations the Bank of Canada will opt…
Alberta housing starts rebound to 2015 levels as oil prices surge
CALGARY – Alberta's cities are once again abuzz with the sound of hammers and saws as surging oil prices fuel a fresh building boom in the province.According to Statistics Canada, housing starts in Alberta, seasonally adjusted at an…
Ontario must commit to affordable housing for all, not attainable housing
A for sale sign outside a home indicates that it has sold for over the asking price, in Ottawa, in March 2021. House prices and rents have become increasingly more unaffordable in Ontario over the past few years.
THE CANADIAN PRESS/Justin…
The cheaper we build our buildings, the more they cost after an earthquake, wildfire or tornado
Several people were injured and homes destroyed after tornadoes touched down in Barrie, Ont., in July 2021.
(Duckdave/Wikimedia), CC BY-SA
Keith Porter, Western UniversityA tornado cut a 270-kilometre path through Kentucky in…
Freeland leaves the door open to further action to address economic volatility
TORONTO – The federal government is prepared to take further action to address more severe economic volatility, but Finance Minister Chrystia Freeland wouldn't say if a hard landing for Canada's housing market would be the trigger for…
CMHC reports annual pace of housing starts up in May
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in May was up eight per cent compared with April.The national housing agency says the seasonally adjusted annual rate of housing starts in May rose to…
City steps to national forefront of embodied carbon reduction research
THE NELSON DAILY
With the release of a new report the city has become one of the leading municipalities in the nation when it comes to addressing embodied carbon in the building of residential homes.People are tuning into the…
Key household debt to income ratio down in Q1 as income rises faster than debt
OTTAWA – Statistics Canada says the amount Canadians owe relative to their income pulled back in the first quarter from the record level set in the fourth quarter of 2021 as incomes grew faster than debt.The agency says, on a…
Bank of Canada says economy can handle higher rates despite household debt risks
High household debt and elevated housing prices have become bigger vulnerabilities in the past year, but the economy can still handle the rising interest rates needed to tame inflation, Bank of Canada governor Tiff Macklem said…
Bank of Canada says household debt and home prices key risks for financial system
OTTAWA – The Bank of Canada said vulnerabilities from high household debt and elevated housing prices have increased and pose key risks to the Canadian financial system.In its latest financial system review, the central bank said…