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Construction
Third annual Builders Code Champion Awards honours construction leadership in BC
The Builders Code honoured four employers with five Builders Code Champion Awards for “leading the way in advancing the workforce culture of BC's industrial, commercial, and institutional construction sector.”The Builders Code…
The Good, The Bad and the Struggle: 2022 Construction Industry Outlook
As the global pandemic begins to recede into the background, the big story of 2022 will be shortages: Shortage of materials, shortage of workers, and possibly even shortage of insurance coverage.Yet the construction industry has reason…
Federal banking regulator holds uninsured mortgage stress test rate steady
OTTAWA – The federal banking regulator is keeping the interest rate used in a key stress test for uninsured mortgages on hold.The Office of the Superintendent of Financial Institutions said Friday the minimum qualifying rate for…
If companies want net-zero carbon offices, they need to focus on building materials
An office building made with cross-laminated timber in Tokyo, Japan.
(Shutterstock)
Meike Siegner, Ryerson University and Cory Searcy, Ryerson UniversityIn 2020, the extraction, transport and manufacturing of materials for the…
Feds name housing priorities, eye foreign buyers ban on non recreational residences
Justin Trudeau has handed his housing minister a series of tasks – including some targeting foreign buyers – in an attempt to make home ownership a reality for more Canadians.In a mandate letter sent to Ahmed Hussen on Thursday, the…
CMHC reports annual pace of housing starts in November climbs to 301,279
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in November rose 26 per cent compared with October as starts of apartments, condos and other types of multiple-unit housing projects climbed higher.The…
Statistics Canada releases Investment in Building Construction data for September
According to Statistics Canada’s Investment in Building Construction data for September, third-quarter ICI investment in Ontario amounted to $4.47 billion, down 8.7 per cent over Q3 2020, but up slightly (+3.1 per cent) over Q2 2021.The…
BoC to maintain inflation mandate, will consider job market in rate decisions
OTTAWA – Canada's central bank has been told to keep the annual pace of price gains at its historic target, but also to help build up the labour market.Since 1991, the Bank of Canada has targeted an annual inflation rate of between one…
Revised Yonge North Subway alignment announced, to tunnel under fewer homes
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…
Bank of Canada keeps key interest rate target on hold at 0.25 per cent
OTTAWA – The Bank of Canada is keeping its key interest rate target on hold at its rock-bottom level of 0.25 per cent.In a statement, the central bank also said Wednesday it doesn't expect to raise the trendsetting rate until some time…