Economic Archives - constructconnect.com Canada's construction news Wed, 11 Dec 2024 18:53:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://cc-production-uploads-bucket.s3.amazonaws.com/uploads/2021/10/cropped-favicon-32x32-1-32x32.png Economic Archives - constructconnect.com 32 32 Business Council report states B.C. faces ‘economic plateau’ as megaprojects wrap up /joc/news/economic/2024/12/business-council-report-states-b-c-faces-economic-plateau-as-megaprojects-wrap-up /joc/news/economic/2024/12/business-council-report-states-b-c-faces-economic-plateau-as-megaprojects-wrap-up#respond Thu, 12 Dec 2024 12:00:39 +0000 /?p=416392 VANCOUVER — The Business Council of British Columbia (BCBC) has released its last B.C. Economic Review and Outlook of the year, with the wrap up of several megaprojects taking centre stage. According to the report, while B.C.’s economy is “weak” by historical standards, it is still better then the rest of Canada in recent years, […]

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]]> /joc/news/economic/2024/12/business-council-report-states-b-c-faces-economic-plateau-as-megaprojects-wrap-up/feed 0 Vancouver Empty Homes Tax continues to show results for rental housing supply /joc/news/economic/2024/12/vancouver-empty-homes-tax-continues-to-show-results-for-rental-housing-supply /joc/news/economic/2024/12/vancouver-empty-homes-tax-continues-to-show-results-for-rental-housing-supply#respond Wed, 11 Dec 2024 12:05:19 +0000 /?p=416242 VANCOUVER – According to data released in the 2023 Empty Homes Tax Annual Report, the program continues to support the availability of rental housing in Vancouver. For the seventh year in a row, the report demonstrates the EHT is having a positive impact on housing availability for those who live and work in Vancouver, states a […]

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]]> /joc/news/economic/2024/12/vancouver-empty-homes-tax-continues-to-show-results-for-rental-housing-supply/feed 0 Toronto home sales jump as October rate cut marked turning point for market: expert /dcn/news/economic/2024/12/toronto-home-sales-jump-as-october-rate-cut-marked-turning-point-for-market-expert /dcn/news/economic/2024/12/toronto-home-sales-jump-as-october-rate-cut-marked-turning-point-for-market-expert#respond Fri, 06 Dec 2024 09:10:47 +0000 /?p=415901 TORONTO — Greater Toronto home sales jumped again last month on a year-over-year basis, with one real estate expert saying the most recent interest rate cut in October was enough to start luring buyers back into the market. The Toronto Regional Real Estate Board said 5,875 homes were sold in November throughout the Greater Toronto […]

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]]> /dcn/news/economic/2024/12/toronto-home-sales-jump-as-october-rate-cut-marked-turning-point-for-market-expert/feed 0 Aecon Utilities acquires Ainsworth’s Power Construction business /dcn/news/economic/2024/12/aecon-utilities-acquires-ainsworths-power-construction-business /dcn/news/economic/2024/12/aecon-utilities-acquires-ainsworths-power-construction-business#respond Thu, 05 Dec 2024 14:29:07 +0000 /?p=415808 TORONTO — Aecon Utilities Group Inc. has announced it has acquired Ainsworth Power Construction (APC), which is an electrical services and power systems business unit of Ainsworth, headquartered in Toronto, from GDI Integrated Facility Services. According to a release, APC’s management and operational teams are joining Aecon Utilities through the transaction. APC has over 80 […]

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]]> /dcn/news/economic/2024/12/aecon-utilities-acquires-ainsworths-power-construction-business/feed 0 Supply gains drive home sales increase in Calgary as benchmark price up 3.5%: board /joc/news/economic/2024/12/supply-gains-drive-home-sales-increase-in-calgary-as-benchmark-price-up-3-5-board /joc/news/economic/2024/12/supply-gains-drive-home-sales-increase-in-calgary-as-benchmark-price-up-3-5-board#respond Wed, 04 Dec 2024 12:05:20 +0000 /?p=415610 CALGARY — The Calgary Real Estate Board says November home sales were similar to last year’s levels, as supply gains led to increased sales in detached, semi-detached and row homes on a year-over-year basis, despite fewer condominium sales. The board says 1,797 homes changed hands last month, which was 0.8 per cent higher than November […]

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]]> /joc/news/economic/2024/12/supply-gains-drive-home-sales-increase-in-calgary-as-benchmark-price-up-3-5-board/feed 0 Morguard states stable growth to persist in multi-suite residential market in Q3 2024 /dcn/news/economic/2024/12/morguard-states-stable-growth-to-persist-in-multi-suite-residential-market-in-q3-2024 /dcn/news/economic/2024/12/morguard-states-stable-growth-to-persist-in-multi-suite-residential-market-in-q3-2024#respond Mon, 02 Dec 2024 11:05:54 +0000 /?p=415351 MISSISSAUGA, ONT. — Morguard’s 2024 Economic Outlook and Market Fundamentals Third Quarter Update reveals sales of Canadian multi-suite residential rental properties surged during the third quarter. This is thanks, in part, to increasing availability and also marks the highest quarterly total since the first quarter of 2022. “This jump can be attributed to an increase […]

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]]> /dcn/news/economic/2024/12/morguard-states-stable-growth-to-persist-in-multi-suite-residential-market-in-q3-2024/feed 0 A mixed bag: Canadian rental developer sentiment varies from region to region /dcn/news/economic/2024/12/a-mixed-bag-canadian-rental-developer-sentiment-varies-from-region-to-region /dcn/news/economic/2024/12/a-mixed-bag-canadian-rental-developer-sentiment-varies-from-region-to-region#respond Mon, 02 Dec 2024 11:00:32 +0000 /?p=415343 OTTAWA — The Canada Mortgage and Housing Corporation’s (CMHC) 2024 Canadian Rental Housing Construction Survey shows there’s improved conditions for purpose-built rental development in some regions of the country, but it’s not so favourable in others. “Larger developers are expanding their pipelines with optimism, while smaller developers remain cautious due to financing challenges,” a release […]

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]]> /dcn/news/economic/2024/12/a-mixed-bag-canadian-rental-developer-sentiment-varies-from-region-to-region/feed 0 Arup names Thomas Rapley as water business leader in Canada /dcn/news/economic/2024/11/arup-names-thomas-rapley-as-water-business-leader-in-canada /dcn/news/economic/2024/11/arup-names-thomas-rapley-as-water-business-leader-in-canada#respond Thu, 28 Nov 2024 11:15:20 +0000 /?p=415149 TORONTO — Arup, a global sustainable development consultancy, has announced Thomas Rapley as its new water business leader in Canada. Based in Toronto, Rapley will oversee and lead significant water commissions, grow and nurture client relationships and deliver projects across advisory, consultancy and engineering service offerings, a release states.   He has more than two decades […]

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]]> /dcn/news/economic/2024/11/arup-names-thomas-rapley-as-water-business-leader-in-canada/feed 0 Global Market Scan: Rooftop Power — The Role of Residential Solar in Energy Transition /dcn/news/economic/2024/11/global-market-scan-rooftop-power-the-role-of-residential-solar-in-energy-transition /dcn/news/economic/2024/11/global-market-scan-rooftop-power-the-role-of-residential-solar-in-energy-transition#respond Wed, 27 Nov 2024 15:57:09 +0000 /?p=415114 The future of the current energy transition that is underway will depend on how successfully renewables can phase out fossil fuels. It is estimated the use of renewable energy in the transportation, heating, and power sectors will rise by almost 60% between 2024 and 2030, with solar power contributing a significant share. The number of […]

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]]> /dcn/news/economic/2024/11/global-market-scan-rooftop-power-the-role-of-residential-solar-in-energy-transition/feed 0 Lowering CO2 in Cement and Steel: Global Trends and Tech Challenges /dcn/news/economic/2024/11/lowering-co2-in-cement-and-steel-global-trends-and-tech-challenges /dcn/news/economic/2024/11/lowering-co2-in-cement-and-steel-global-trends-and-tech-challenges#respond Mon, 25 Nov 2024 14:02:25 +0000 /?p=414829 Cement and steel manufacturing are among the world’s most energy-intensive industries. Their production requires heat at extremely high temperatures and the use of special chemicals to transform raw materials into final product. As a result, CO2 emissions from steel and cement are extremely intense and represent approximately 7% to 9% of all carbon emissions globally. […]

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]]> /dcn/news/economic/2024/11/lowering-co2-in-cement-and-steel-global-trends-and-tech-challenges/feed 0 Business Council of B.C. report urges fiscal reform as new government takes shape /joc/news/economic/2024/11/business-council-of-b-c-report-urges-fiscal-reform-as-new-government-takes-shape /joc/news/economic/2024/11/business-council-of-b-c-report-urges-fiscal-reform-as-new-government-takes-shape#respond Mon, 25 Nov 2024 12:05:39 +0000 /?p=414785 VICTORIA — A new report from the Business Council of British Columbia (BCBC) is highlighting what it feels is the pressing need to strengthen B.C.’s public finances. Coined B.C.’s Deteriorating Fiscal Position: Cause for Concern, the report details record deficits, rising debt levels and repeated credit rating downgrades. It states B.C. is set to run […]

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]]> /joc/news/economic/2024/11/business-council-of-b-c-report-urges-fiscal-reform-as-new-government-takes-shape/feed 0 Habitat for Humanity housing survey highlights Canada’s deepening housing crisis /dcn/news/economic/2024/11/habitat-for-humanity-housing-survey-highlights-canadas-deepening-housing-crisis /dcn/news/economic/2024/11/habitat-for-humanity-housing-survey-highlights-canadas-deepening-housing-crisis#respond Fri, 22 Nov 2024 11:00:59 +0000 /?p=414550 TORONTO — Habitat for Humanity Canada’s third annual Affordable Housing Survey reveals the vast majority of Canadians (84 per cent) now say buying a home feels like a luxury and 88 per cent of renters say the goal of owning a home in Canada has become out of reach. This year’s survey looks at the broader implications of […]

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