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Construction
Ontario home builders urge faster approvals, harmonized green building standards
TORONTO — Ontario should speed up new housing approvals, increase skilled trade immigration, and ``rein in'' municipalities introducing varying green building standards, a residential builders' group is telling the government.The…
Call for proposals: Natural Resources Canada’s Codes Acceleration Fund
Natural Resources Canada’s new Codes Acceleration Fund offers $100M in funding opportunities for projects geared towards accelerating the implementation of high performance building codes.There are two streams for this program funding:…
BoC considered not raising rates last month, but hot economy swayed decision
OTTAWA – The Bank of Canada contemplated not raising interest rates last month but with the economy outperforming expectations, its governing council ultimately decided in favour of one more rate hike before taking a pause.In its…
Slowing growth a `good thing’ when economy is overheated: BoC’s Macklem
OTTAWA – Bank of Canada governor Tiff Macklem says that although a slowing economy may not seem like a good thing, it is when the economy is overheated.Speaking in Quebec City Tuesday, Macklem said that higher interest rates are working…
Building Towards a Circular Economy
Generating a staggering $141 billion in GDP for Canada in 2020, the construction sector is integral to Canada’s economy, but the benefits of construction go far beyond just dollars. Construction creates the infrastructure that connects us,…
Hazel McCallion, former longtime mayor of Mississauga, Ont., dies at 101
MISSISSAUGA, Ont. – Hazel McCallion, who developed a legacy of feisty advocacy during more than three decades as mayor of one of Canada's fastest-growing cities, died Sunday morning after a brief bout with pancreatic cancer. She was 101.…
Has Ontario’s housing ‘plan’ been built on a foundation of evidentiary sand?
Ontario Premier Doug Ford talks to the media on a construction site in Brampton, Ont., in May 2022. Later in the year, the Ford government justified its adoption of sweeping housing legislation and the opening of parts of the Greater…
Greenbelt is Ontario’s jurisdiction, Ford says after federal minister raises concerns
BRAMPTON, Ont. – The Greenbelt is provincial jurisdiction, Ontario Premier Doug Ford said Friday after the federal environment minister indicated he'd consider intervening in Ford's plans to develop parts of the protected lands.The…
GTA new home sales dipped in 2022, affected by interest rates, monetary policy
According to the Building Industry and Land Development Association (BILD), 2022 saw the Greater Toronto Area (GTA) experience the lowest level of new home sales since 2018. Altus Group, BILD’s official source for new home market…
Interest rate hikes: The Bank of Canada’s ‘resolute’ fight against inflation could threaten its …
Tiff Macklem, Governor of the Bank of Canada, holds a press conference at the Bank of Canada in Ottawa on Jan. 25, 2023.
THE CANADIAN PRESS/Sean Kilpatrick
Ellen D. Russell, Wilfrid Laurier UniversityThe Bank of Canada…