Browsing Tag

Construction

Has Ontario’s housing ‘plan’ been built on a foundation of evidentiary sand?

Mark Winfield, Professor, York University Jan 27, 2023

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…

Construction

Greenbelt is Ontario’s jurisdiction, Ford says after federal minister raises concerns

Allison Jones – THE CANADIAN PRESS Jan 27, 2023

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…

Construction

GTA new home sales dipped in 2022, affected by interest rates, monetary policy

Building Jan 26, 2023

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…

Real Estate

Interest rate hikes: The Bank of Canada’s ‘resolute’ fight against inflation could threaten its …

Ellen D. Russell, Associate Professor, Wilfrid Laurier University Jan 26, 2023

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…

Real Estate

Bank of Canada hikes key interest rate by quarter point, says it plans to hold

Nojoud Al Mallees – THE CANADIAN PRESS Jan 25, 2023

OTTAWA – The Bank of Canada delivered what it expects to be its last interest rate hike of the cycle as it pauses to assess the effects of higher rates on the economy.The central bank raised its key interest rate by a quarter of a…

Real Estate

Toronto homeowners must declare occupancy status before Vacant Home Tax deadline of Feb. 2

Amarachi Amadike, Local Journalism Initiative Reporter Jan 23, 2023

BEACH METRO COMMUNITY NEWSAs the City of Toronto looks for ways to address the current housing shortage, one local councillor is hopeful that the new Vacant Home Tax (VHT) will help alleviate some of the pressure.Toronto City…

Construction

Residential construction industry raises funds for housing projects for homeless

Building Jan 20, 2023

The residential construction industry raised more than $1.4 million for construction of two projects in Toronto that provide housing to those who are experiencing homelessness or at risk of experiencing homelessness.The funds were…

Real Estate

CREA predicts 2023 home sales to edge down 0.5% from 2022 mark

Tara Deschamps - The Canadian Press Jan 18, 2023

The Canadian Real Estate Association expects home sales to edge down less than one per cent and prices to fall almost six per cent from 2022, which ended with the market in a sluggish state as sellers and buyers sat on the sidelines.The…

Construction

CAF-FCA completes Women in the Skilled Trades program pilot

Building Jan 16, 2023

The Canadian Apprenticeship Forum (CAF-FCA) has completed the new National Leadership Development Program for Women in the Skilled Trades pilot.The program was developed in partnership with the Office to Advance Women…

Real Estate

Mortgage stress tests unchanged despite housing market slowdown

Ian Bickis – THE CANADIAN PRESS Dec 19, 2022

Mortgage stress test levels were left unchanged Thursday as the federal banking regulator and Department of Finance favoured a cautious approach over calls to relax tests to help a slowing housing market.The Office of the…

1 2 3 … 66 Next