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Construction
Bank of Canada monitoring hot housing market amid early warning signs: Macklem
OTTAWA – Bank of Canada governor Tiff Macklem says the central bank is seeing early signs that people may be purchasing homes solely because they believe prices may go up.Macklem says rising prices in particular for single-family…
Construction sector coalition urges governments to deliver infrastructure investments
A coalition of construction sector associations have allied to urge the federal and provincial governments to deliver on infrastructure investments.The newly formed Building for Recovery coalition includes Associated Equipment…
Bank of Canada Shares Employment Recovery Outlook
In a speech today to chambers of commerce in Calgary and Edmonton, Bank of Canada Governor Tiff Macklem discussed how the economy and jobs could be different after the COVID-19 pandemic and what we can do to ensure that everyone benefits as…
Canadian banks, bellwethers of pandemic recovery, to reveal key statistics this week
TORONTO – Canada's biggest banks will report their quarterly financial results this week, and analysts say they will be listening for hints as to how bank executives view the economic recovery from COVID-19.John Aiken, head of research…
US existing home sales, and prices, rise again in January
Sales of previously occupied U.S. homes rose again last month, a sign that the housing market's strong momentum from 2020 may be carrying over into this year.Existing U.S. home sales rose 0.6% in January from the previous month to a…
Benchmark lumber prices jump to a record US$1,000 despite slowdown in sales volumes
CALGARY – Homebuyers and renovators hoping for a mid-winter price slump are instead being greeted with new all-time record high prices for lumber and oriented strandboard (OSB) building panels.Western SPF (spruce, pine, fir) lumber …
EllisDon Launches Community Builders Group to Deliver Affordable Housing
EllisDon officially announced the launch of EllisDon Community Builders (EDCB), a new group within the company to assist clients who wish to deliver affordable and supportive housing."We have undertaken a unique approach to addressing…
Suburbs lead the way in housing completions as starts also climb: CMHC
The suburbs surrounding Toronto, Montreal and Vancouver's are fueling an uptick in homes beginning construction and properties ready for occupancy, says Canada Mortgage and Housing Corp.In two reports released Monday, the federal…
Average Greater Toronto Area home price to top $1 million for first time in 2021: TRREB
According to the Toronto Regional Real Estate Board (TRREB), the outlook for the Greater Toronto Area (GTA) real estate market is healthy with strong buying intentions, a near-record sales forecast of more than 100,000, and a record average…
How cities can unlock the potential of laneway housing
After an extensive renovation, an old house in a laneway in Toronto became a new two-bedroom home.
(LGA Architectural Partners, Ben Rahn/A Frame), Author provided
By Shelagh McCartney, Associate Professor, Urban and Regional Planning,…