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Construction
CMHC reports annual pace of housing starts up in May
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in May was up eight per cent compared with April.The national housing agency says the seasonally adjusted annual rate of housing starts in May rose to…
City steps to national forefront of embodied carbon reduction research
THE NELSON DAILY
With the release of a new report the city has become one of the leading municipalities in the nation when it comes to addressing embodied carbon in the building of residential homes.People are tuning into the…
Key household debt to income ratio down in Q1 as income rises faster than debt
OTTAWA – Statistics Canada says the amount Canadians owe relative to their income pulled back in the first quarter from the record level set in the fourth quarter of 2021 as incomes grew faster than debt.The agency says, on a…
Bank of Canada says economy can handle higher rates despite household debt risks
High household debt and elevated housing prices have become bigger vulnerabilities in the past year, but the economy can still handle the rising interest rates needed to tame inflation, Bank of Canada governor Tiff Macklem said…
Bank of Canada says household debt and home prices key risks for financial system
OTTAWA – The Bank of Canada said vulnerabilities from high household debt and elevated housing prices have increased and pose key risks to the Canadian financial system.In its latest financial system review, the central bank said…
Canadian Wood Council conducts largest mass timber fire test
The Canadian Wood Council has partnered with federal and provincial governments to conduct a series of five separate fire research burns on a full-scale mass timber structure in Ottawa.The largest burn, happening on a 2-storey, 3,700…
Study finds non homeowners are pessimistic about buying homes despite cooling prices
TORONTO – A new study conducted by Chartered Professional Accountants of Canada (CPA Canada) finds that Canadians who don't own homes think home ownership remains far out of reach despite prices cooling slightly across the country.…
Home Building, Construction and RE Groups Congratulate Ford’s PC Party
Various construction, home building and real estate organizations have come forward and congratulated Ontario's Premier Doug Ford and the PC's for being re-elected.The Progressive Conservatives cruised to a second majority government…
Bank of Canada open to hiking interest rates past 3% in bid to bridle inflation
OTTAWA – The Bank of Canada may need to raise its key interest rate to three per cent or beyond – more than double its current level – to ensure inflation doesn't settle in for the long haul, its deputy governor says.``We're scared that…
The Bank of Canada hiked rates again. Here’s a timeline of how we got here
The Bank of Canada raised its overnight rate by half a percentage point to 1.5 per cent Wednesday and signalled more increases to come, as it aims to curb out-of-control inflation, which is now at its highest level in 30 years.Here's…