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Construction
Already under pressure, Toronto Airbnb operators face registration rules
TORONTO – Renting out properties for short-term stays is about to get more complicated in Canada's largest city.Starting Thursday, Toronto homeowners must register with the city if they want to fill their units for any period less than…
COVID-19 Likely to Usher in “Decade of the Home”: Accenture Survey
People's refocus on their local community in light of the COVID-19 pandemic will be long-term, bringing about the "decade of the home" and forcing retailers and consumer goods companies to tailor their products and services to drive a more…
Uneven rebound poses risk for entire economy, Bank of Canada governor says
OTTAWA – The slower rebound facing women, youth and low-wage workers could pose a threat to a broader economic recovery from the COVID-19 pandemic, Canada's top central banker said Thursday in a push to find ways to even out an uneven path…
About $1 billion of mortgage payments deferred each month during pandemic: CMHC
OTTAWA – About $1 billion worth of mortgage payments were deferred each month during the pandemic, Canada Mortgage and Housing Corp. said on Thursday.The calculation, released in CMHC's annual residential mortgage industry report, is…
Bank of Canada warns of uneven recovery despite better than expected bounce back
OTTAWA – The Bank of Canada sought Wednesday to temper economic excitement about a sharper-than-expected rebound from the depths of the COVID-19 crisis, pointing to worrying trends that signal all is still not well.In a statement, the…
Annual pace of housing starts increased in August: CMHC
The trend in housing starts was 213,144 units in August 2020, up from 204,597 units in July 2020, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally…
BILD reports strong July new home sales in the GTA
According to the Building Industry and Land Development Association (BILD), the GTA new home market experienced the strongest July for new home sales since 2007.BILD reports that a total of 3,544 new homes were sold in July, up 36 per…
CMHC readies for housing market risks in wake of COVID 19 downturn
Canada Mortgage and Housing Corp. is bracing for further impacts on the housing market from the COVID-19 pandemic.The housing market will have to reckon with significant short-term uncertainty, as well as falling housing demand from…
Ontario school boards urged to spend air quality funding by Thanksgiving
TORONTO – School boards need to pick up the pace of air quality improvements as schools reopen this fall, Ontario Premier Doug Ford said Friday, urging them not to move ''on government time'' as they rush to spend millions in funding…
EBC receives $30 Million investment from Fonds de solidarité FTQ and Investissement Québec
Fonds de solidarité FTQ and Investissement Québec have invested $30 million to support EBC’s, a flagship of the Québec construction industry, growth plan."Our industry is booming and at EBC we have our sights set firmly on the…