Browsing Tag

Construction

It’s time to deal with the Lower Mainland’s industrial reckoning

Josh Gaglardi Jul 29, 2021

British Columbia’s Lower Mainland is approaching a critical reckoning when it comes to our industrial property market.Watchers and stakeholders already know that the persistent issue associated with our industrial sector has been…

Real Estate

Annual rate of inflation hits 3.1% in June, down slightly from May high

Jordan Press – THE CANADIAN PRESS Jul 28, 2021

OTTAWA – The country's headline inflation barometer registered a year-over-year increase of 3.1 per cent last month as the pace of price growth slowed in June compared with the decade-fast pace one month ago.June's reading for the…

Urban Planning

Long Awaited Bay Concourse Opens inside Toronto’s Union Station

Building Jul 27, 2021

Six years after the City of Toronto closed Union Station’s Bay Concourse for major rehabilitation and construction, the work is now complete, and the space is has now opened according to Metrolinx.A Metrolinx blog post reports, “As…

Construction

Toronto most expensive city to build in Canada, but ranks 33rd worldwide

Building Jul 26, 2021

Major U.S. cities are topping global rankings as some of the most expensive places to build, with the cost of construction set to soar over the next two years as pressure on labor and materials coincide with major investment and President…

Real Estate

Calgary’s first office-to-housing conversion to begin construction

Building Jul 22, 2021

Two prominent non-profit organizations have joined forces to convert a vacant downtown office tower into homes for Calgarians in need. Inn from the Cold and HomeSpace Society are partnering on a first-of-its kind project that addresses the…

Building

Ontario ICI Investment Increases for Eighth Consecutive Month while Construction Employment Grows…

Building Jul 21, 2021

Statistics Canada released the latest Investment in Building Construction data, showing that in May, investment in ICI construction in Ontario surpassed $2 billion in a single month for the first time in nearly a year (since June 2020). ICI…

Building

Property analysis shows 15 per cent jump in home improvement projects in 2020

Building Jul 20, 2021

More than 106,000 Ontario homeowners obtained residential building permits in 2020, representing a 9 per cent increase from the year before, with permits for home improvements jumping by 15 per cent. The Municipal Property Assessment…

Real Estate

Bank of Canada cuts growth forecast for 2021, reduces bond buying target

Jordan Press – THE CANADIAN PRESS Jul 14, 2021

OTTAWA – The Bank of Canada says the domestic economy will grow at a slightly slower pace this year than it previously thought and expects the risks from COVID-19 to wane – but not enough to change its trendsetting policy rate.The…

Construction

Five men now confirmed dead in Kelowna, B.C., crane collapse as body found

The Canadian Press Jul 14, 2021

KELOWNA, B.C. – The body of a fifth man killed in the collapse of a construction crane in Kelowna, B.C., has been recovered.A statement from the RCMP says the body was found late Tuesday night as members of a specialized urban search…

Construction

Multiple fatalities after construction crane collapses in Kelowna, B.C.

The Canadian Press Jul 13, 2021

KELOWNA, B.C. – The head of a development company building a 25-storey residential tower says there were ``multiple'' fatalities after a crane collapsed in Kelowna, B.C., on Monday.Jonathan Friesen of the Mission Group said he didn't…

1 2 3 … 39 Next