Browsing Tag

Construction

Ground broken on project inhabiting former Maclean-Hunter building

Building Sep 18, 2020

Davpart Inc. announced the construction on The United Building on the northeast corner of University Avenue and Dundas Street West in Toronto with a symbolic "wall-breaking" ceremony.The building will evolve to a 52-storey high-rise…

Real Estate

Trudeau cabinet meets to discuss rebuilding amid rising number of COVID 19 cases

The Canadian Press Sep 14, 2020

OTTAWA – Prime Minister Justin Trudeau warned Canadians against relaxing their guard against COVID-19 as he and his cabinet kicked off two days of closed-door meetings to discuss the pandemic and how to lead the country through a second…

Construction

Cash Injection: What SR&ED can do for the construction sector

Richard Hoy Sep 14, 2020

Covid-19 may have brought the construction industry to a standstill briefly but there is an often misunderstood tax relief that can help the sector bounce back.Companies in this sector often assume they aren’t classed by the Government…

Real Estate

About $1 billion of mortgage payments deferred each month during pandemic: CMHC

Anita Balakrishnan – The Canadian Press Sep 10, 2020

OTTAWA – About $1 billion worth of mortgage payments were deferred each month during the pandemic, Canada Mortgage and Housing Corp. said on Thursday.The calculation, released in CMHC's annual residential mortgage industry report, is…

Real Estate

Bank of Canada warns of uneven recovery despite better than expected bounce back

Jordan Press – THE CANADIAN PRESS Sep 9, 2020

OTTAWA – The Bank of Canada sought Wednesday to temper economic excitement about a sharper-than-expected rebound from the depths of the COVID-19 crisis, pointing to worrying trends that signal all is still not well.In a statement, the…

Construction

Annual pace of housing starts increased in August: CMHC

Building Sep 9, 2020

The trend in housing starts was 213,144 units in August 2020, up from 204,597 units in July 2020, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally…

Real Estate

Liberals extend commercial rent relief program for last time

The Canadian Press Sep 9, 2020

OTTAWA – An underused program to give hard-hit small businesses a break on their rent is getting one more month of service, but without any of the changes critics say are needed to prevent stores from permanently closing their doors.On…

Architecture

OAA Announces Winners of 2020 Design Excellence Awards

Building Sep 3, 2020

The Ontario Association of Architects (OAA) has announced the winners of its 2020 Design Excellence Awards, as well as the recipients of this year’s Service Awards. On Thursday, October 1, a special online Celebration of Excellence will…

Real Estate

BILD reports strong July new home sales in the GTA

Building Aug 28, 2020

According to the Building Industry and Land Development Association (BILD), the GTA new home market experienced the strongest July for new home sales since 2007.BILD reports that a total of 3,544 new homes were sold in July, up 36 per…

Real Estate

Ontario to freeze rent for some families, promising new bill this fall

The Canadian Press Aug 28, 2020

TORONTO – Ontario says it will introduce legislation this fall to freeze rent for some families next year.Municipal Affairs Minister Steve Clark's office says in a statement that the proposed rent increase for 2021 was to have been 1.5…

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