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Construction
Annual pace of housing starts in January up from December, tops expectations
OTTAWA — The pace of housing starts climbed in January from a month earlier on gains in Ontario and Quebec while starts declined in Western Canada, said Canada Mortgage and Housing Corp.The federal housing agency said Monday that…
Canadian Construction Cost Reveals Modest Increase: RLB Report
International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its new Quarterly Cost Report (QCR) for North America. While the QCR reports an increased National Construction Cost Index and a drop in…
Alberta to Allow 12-Storey Wood Construction
Alberta has announced that it will be the first province in Canada to allow 12-storey wood construction in all its jurisdictions.The province will issue a notice – based on technical provisions developed for the next edition of the…
“Modest” increase in industrial space options for 2020: JLL
After a construction bottleneck for most of 2019, JLL’s Toronto Industrial Insight - Q4 2019 report says over 6.2 million square feet of new industrial space was completed in Greater Toronto.According to the report, this brings 2019…
Nexii Announces First Full-scale Commercial Production Plant
Canadian sustainable building and construction company, Nexii Building Solutions Inc. (Nexii), is developing its first full-scale commercial production plant in Squamish, British Columbia.Nexii’s solution has the potential to…
Manulife Acquires Multifamily Property in Montréal
Manulife Investment Management announced it has acquired Phases 3 and 4 of EQ8 LaSalle for $105 million. The two, newly-constructed multifamily buildings stand at 16 storeys and encompass a total of 300 units.Catering to young…
Canam Group founders and Quebec investor group buying back Canadian operations
A group of Quebec investors including the founding Dutil family is buying back the Canadian operations of the Canam Group architectural steel company, as well as certain assets in the United States and overseas, less than three years after…
Bank of Canada keeps key rate target on hold, trims growth expectations for 2020
OTTAWA – The Bank of Canada is keeping its key interest rate target on hold at 1.75 per cent and forecasting a slower-than-expected start for the Canadian economy in 2020.In its latest forecast, the central bank predicted the Canadian…
Liberals pledge $200M for affordable rentals at ex Honest Ed’s site in Toronto
TORONTO — The federal government committed $200 million for affordable rental units at the former site of an iconic department store in Toronto on Thursday, with Social Development Minister Ahmed Hussen saying the money will ensure the…
Manulife Investment Management Announces Redevelopment of Manulife Place
Manulife Investment Management has announced plans for a $30 million redevelopment of Manulife Place in the heart of Edmonton's downtown core.With construction commencing in mid-2020, the 36-storey office and retail tower will…