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Construction
Home renovation savings prove elusive as wood prices at record highs
CALGARY – Canadian consumers have many ways to save money on home renovations despite a pandemic-driven surge in demand that has jolted lumber and construction panel prices to all-time highs.However, such advice usually falls on deaf…
BMO Centre Expansion at Stampede Park breaks ground
The Calgary Stampede, together with Calgary Municipal Land Corporation (CMLC), is breaking ground on the new facility on Stampede Park—a $500M project in Calgary’s developing Culture + Entertainment District.The Calgary Stampede and…
GTA West highway project designated for federal environment review
TORONTO – The federal environment minister says he is designating a controversial highway project in the western Greater Toronto Area for assessment.Jonathan Wilkinson says there are clear areas of federal concern with the project…
Ontario construction associations respond to federal budget
The Residential and Civil Construction Alliance of Ontario (RCCAO) and Sean Strickland, Executive Director of Canada’s Building Trades Unions, have issued statements regarding the recently announced federal budget.The RCCAO states that…
Rising loonie hits ‘sweet spot,’ likely to climb further: economists
Economists say the Canadian dollar is at a 'sweet-spot' after rising for seven straight days to top 81 cents US, a point where it benefits consumers but doesn't hurt businesses too much.The loonie traded for 81.34 cents US Thursday, the…
Early estimate from Statistics Canada shows economic growth slowed in Q1
OTTAWA – The Canadian economy grew at an annual rate of 6.5 per cent through the first quarter of the year, Statistics Canada said Friday, bringing the country tantalizing close to reaching pre-pandemic output.The preliminary estimate…
3D printed home in Dutch city expands housing options
EINDHOVEN, Netherlands – Elize Lutz and Harrie Dekkers' new home is a 94-square meter (1,011-square foot) two-bedroom bungalow that resembles a boulder with windows.The curving lines of its gray concrete walls look and feel natural. But…
Federal infrastructure bank can’t meet funding plans without spending spree, PBO says
OTTAWA – A federal infrastructure financing agency might not meet its near-term plan to fund projects more quickly to foster economic recovery, says a new report by the parliamentary budget officer.As it stands, the budget office…
‘Super competitive’: Warehouse demand soars amid shift to online shopping
TORONTO – A boom in online shopping during the COVID-19 pandemic is making it tough to find warehouse space in many provinces, industry insiders say.Industrial space is being gobbled up at a dizzying rate as companies expand their…
More supply needed to ease housing price crunch, but always more to do, Freeland says
OTTAWA – Finance Minister Chrystia Freeland says the country needs a boost in the supply of housing to help make prices more affordable, but suggests there may be other steps governments can take.Speaking at a virtual event on Thursday,…