Construction
Construction
Housing Starts Are Buckling Under Interest Rates — And Cuts Aren’t Going To Save Them Anytime Soon
We may have gotten some good news on the rate cut front with the latest inflation dip, but economists with CMHC have warned that a “partial rebound” in starts activity isn’t expected until 2025, or maybe even 2026.
Jul 17, 2024
Transportation
More Than Half Of GTHA Residents Considering Moving Due To Excessive Traffic
A new study from Ipsos reveals that the majority of residents have considered moving to farther flung regions in order to escape the city’s traffic and congestion issues — and all the stresses that it brings.
Construction
Canada Housing Starts Increase 10% In May, Hit Highest Level This Year
In a climate of dismal housing supply reports, there’s some positive news on Canada’s housing starts front.
Finance
A Rate Cut Is Welcome, But Don't Expect A Construction Surge Quite Yet
Experts at Desjardins Economics and CoStar say numerous other economic factors are at play for developers, which won't be solved by today's rate cut.
Award-Winning Lakeside Kelowna Mansion Hits Market For $15.9M
The beautiful home at 20-180 Sheerwater Court in Kelowna won the Home of the Year award at the 2023 Okanagan Housing Awards of Excellence.
Construction
New BC Building Permit Hub To Standardize Processes Across Municipalities
The new Building Permit Hub has launched with a group of 12 local governments and 2 First Nations, who are piloting the first version of the program.
Construction
"Fragmented" Industry Keeping Canada From Reaching Its Construction Capacity: CMHC
Canada isn’t living up to its construction capacity, according to a new report from the Canadian Mortgage and Housing Corporation (CMHC).
Construction
March Sees Notable Drop In Building Permits Across Canada
Month over month, the total value of building permits in Canada decreased 11.7% in March.
Construction
Ontario To Provide Menstrual Products On Large Construction Sites
As part of a bill introduced today, the Ontario government announced that menstrual products would be required to be provided on the construction sites of 20 or more workers and where construction is anticipated to last at least three months.
Construction
‘A Lull In The Market’: High-Density Land Sales Plunge To A 10-Year Low In GTA
According to data from Colliers and Altus Group, there have been just 20 transactions as of the first quarter of 2024, putting annualized sales in the territory of 2009.
Construction
Q1 Sets Record Lows For New Home Sales In The GTA
New home sales in March were down 16% from March 2023 and 66% below the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence.
Construction
Housing Starts Decrease By 7% Across Canada In March, 26% In Toronto
The SAAR of housing starts across Canada dropped from 260,047 units in February to 242,195 units in March.
Policy
Ford Government Zeroes In On 'Red Tape' In Sweeping New Housing Legislation
Today, the Ontario government doubled down even further on its relentless mission to speed up government processes and build homes faster.
Construction
Pace Of Housing Construction Must Double In Canada To Meet Future Growth: RBC
In a frank, and subsequently disheartening, report, RBC's Robert Hogue outlines seven major factors that must be considered if the country is serious about tackling its housing crisis.
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