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Construction

Bank of Canada warns on prolonged inflation, ends bond buying program

Jordan Press – THE CANADIAN PRESS Oct 27, 2021

OTTAWA – The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be coming sooner than expected.The central bank said Wednesday it now forecasts…

Construction

U of T Engineering professor on a mission to lower concrete’s carbon footprint

Tyler Irving, U of T News Oct 21, 2021

By Tyler Irving, U of T NewsFor Douglas Hooton, the main challenge of building sustainably with concrete isn’t really the chemistry or the engineering – it’s trust.“Construction is a very conservative industry, and it’s very…

Architecture

Ontario to make it easier for immigrants to work in their professions

Maan Alhmidi – THE CANADIAN PRESS Oct 21, 2021

TORONTO – Ontario is set to introduce legislation that would make it easier for immigrants to get licensed to work in professions that match their areas of expertise.Labour Minister Monte McNaughton said the proposed legislation…

Real Estate

Annual inflation rate hits 4.4 per cent in September, Statistics Canada says

Jordan Press – THE CANADIAN PRESS Oct 20, 2021

OTTAWA – The cost to put food on the table and gasoline in the car pushed up the cost of living in September, lifting the annual pace of price increases to a near two-decade high with no clear end in sight to the elevated readings.…

Real Estate

CMHC says annual pace of housing starts in Canada slowed in September

The Canadian Press Oct 18, 2021

OTTAWA – The annual pace of housing starts in September fell compared with August as they continued to slow from their highs reached earlier this year.Canada Mortgage and Housing Corp. said Monday the seasonally adjusted annual rate…

Construction

Latest Crane Index sees Toronto increase, Calgary drop slighlty

Building Oct 13, 2021

International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Crane Index and Quarterly Cost Report. Together, the two documents provide a perspective on the North American construction…

Construction

Residential construction continues to slow following April peak: StatsCan

Building Oct 13, 2021

According to Statistics Canada, residential construction investment decreased 2.9% in August, with declines posted in every province except for a slight increase in Nova Scotia.Investment in single family homes was down 2.6% to $7.0…

Real Estate

Durham Region to take Brock to court regarding housing project delay

Dan Cearns, Local Journalism Initiative Reporter, The Standard Newspaper Oct 13, 2021

THE STANDARD NEWSPAPERBROCK: The Region of Durham is taking the Township of Brock to court over the dispute regarding the Beaverton supportive housing project.In a recent press release, the Township advised residents the Region…

Real Estate

Nova Scotia throne speech talks health care reforms, but says little on housing

Keith Doucette – THE CANADIAN PRESS Oct 13, 2021

HALIFAX – Nova Scotia's new government said Tuesday finding solutions for the province's ailing health system is its top priority, but opposition parties said the Progressive Conservatives should also be focused on housing.Lt.-Gov.…

Real Estate

LeBreton Flats Saga: Three proposals received for Library Parcel development

K.W. Grafton Oct 12, 2021

The long saga of LeBreton Flats continues.On October 5, the National Capital Commission (NCC) announced that three detailed proposals had been received from shortlisted proponents for redevelopment of the LeBreton Flats Library Parcel…

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