Strong rebound in commercial permits: OCS
Building » Construction
by Building
4d ago
New Commercial Building with Retail and Office Space available for sale or lease A recent economic report by the Ontario Construction Secretariat (OCS) revealed that total non-residential permit value rose by 34.7 per cent from April to May and 27.9 per cent year-over-year, propelled by significant rebound in the commercial sector value, which increased by 68.5 per cent. According to the report, total ICI permit value rose from $1.75 billion in April to $2.36 billion in May. The increase came mostly from the commercial sector, where permit value significantly rebounded from $789.6 millio ..read more
Visit website
BCCA delivers prompt payment legislation report to B.C. government
Building » Construction
by Building
1w ago
Photo by Burst from Pexels The BC Construction Association recently submitted a report on prompt payment to BC’s Ministry of the Attorney General, Minister of Finance, and Premier David Eby.   The report, called “The Time to Act Promptly is Now,”commissioned by the BCCA and prepared by WeirFoulds LLP, outlines the objectives and benefits of Prompt Payment Legislation and Adjudication, which affect government, construction businesses, workers and the taxpayers of British Columbia. The report noted that in the construction sector, lack of prompt payment is one of the most signifi ..read more
Visit website
Contractor Aecon settles dispute with Coastal GasLink over pipeline construction
Building » Construction
by Amanda Stephenson - The Canadian Press
1w ago
Shares of Aecon Group Inc. fell more than 10 per cent after the infrastructure company announced $237 million in one-time charges related to its work on the Coastal GasLink pipeline project and three other large fixed-price legacy projects nearly completion. An Aecon construction site near the Gardiner Expressway is shown in Toronto on Friday, July 10, 2020. THE CANADIAN PRESS/Joe O’Connal Shares of Aecon Group Inc. were down more than 15 per cent as of mid-afternoon July 2 in the wake of news that the infrastructure company has reached a settlement in its ongoing dispute with Coastal GasLink ..read more
Visit website
More rental housing development needed despite recent rise: RBC economist
Building » Construction
by Rosa Saba - The Canadian Press
1w ago
A new report from RBC says even though rental housing construction in Canada has picked up significantly, even more is needed to fill a backlog of demand. A rental apartment complex under construction, bottom, and houses are seen in an aerial view at a new housing development in Langford, B.C., Thursday, May 30, 2024. THE CANADIAN PRESS/Darryl Dyck Rental housing construction in Canada has picked up significantly and is expected to keep growing this year, according to a new RBC report. However, the report says more supply is needed to fill the backlog of demand. RBC economist Rachel ..read more
Visit website
Roadmap outlines vision for mass timber growth in Canada
Building » Construction
by Building
2w ago
On June 13, the Transition Accelerator unveiled the Mass Timber Roadmap at the Press Conference Room in the West Block on Parliament Hill, which outlines a vision for the future of mass timber in Canada and its potential to transform green construction as well as drive economic growth across the country. The report was developed in partnership with Canadian Wood Council (CWC), Forest Products Association of Canada (FPAC), and Energy Futures Lab (EFL), and comes after more than 10 years of collaborative efforts to demonstrate the potential of mass timber. It also lays out a plan to increase t ..read more
Visit website
BCCA issues industry alert about removal of Contract A in procurement processes
Building » Construction
by Building
3w ago
The BC Construction Association (BCCA) has issued a province-wide industry alert to warn the public of the risks associated with the removal of “Contract A” from the procurement process by some public owners. BCCA said that in the absence of “Contract A,” general contractors and trade contractors should not assume that they will be treated fairly and “probably have no legal recourse for being treated unfairly.” According to BCCA, in Canadian contract law, “Contract A” ensures fairness, openness and transparency between the owner and each compliant bidder who responds to a procurement call. B ..read more
Visit website
ICI investment remains level March to April: OCS
Building » Construction
by Building
3w ago
A recent economic report by the Ontario Construction Secretariat (OCS) revealed that investment in building construction for ICI was little changed from March to April, but still up +5.4 per cent year-over-year. According to the report, commercial building investment saw a positive month-over-month change after a series of declines since July 2023. The report noted that total ICI investment moved up slightly at +0.1 per cent month-over-month, increasing from $2.50 billion in March to $2.51 billion in April. According to the report, commercial building investment increased the same ..read more
Visit website
B.C. safety agency moves to cut risks for construction cranes after fatal accidents
Building » Construction
by The Canadian Press
1M ago
British Columbia’s worker safety agency is moving to “address gaps” in construction crane safety after recent accidents, including fatalities. A collapsed construction crane rests on a building in Kelowna, B.C., Monday, July 12, 2021. THE CANADIAN PRESS/Alistair Waters British Columbia’s worker safety agency is moving to address “gaps” in construction crane safety after recent accidents, including fatalities. WorkSafeBC says in a statement that it developed safety plans after bringing together 130 groups and individuals, including tower crane operators, unions, employers, contractor ..read more
Visit website
Ontario considers housing data revisions after municipal concerns of undercounting
Building » Construction
by Allison Jones - The Canadian Press
1M ago
New homes are constructed in Ottawa on Monday, Aug. 14, 2023. Ontario is considering revising its tallies of how many homes are built in cities and towns across the province, after some complained that undercounting has cost them millions in provincial funding. THE CANADIAN PRESS/Sean Kilpatrick Ontario is considering revising its tallies of how many homes are built in cities and towns across the province, after some complained that undercounting has cost them millions in provincial funding. As Premier Doug Ford’s government attempts to get 1.5 million homes built by 2031 it has assigned annu ..read more
Visit website
How The Canadian Housing Market Is Impacting Contractors
Building » Construction
by Roch Chevrier
1M ago
The housing market in Canada is witnessing a dynamic shift as the construction of new homes and larger apartment and condo developments gains momentum nationwide. While investment in housing has dropped in recent years, we’re seeing an upward trend once again when looking into the future as the population grows. With that, and an increase in remote work, the demand for both housing and skilled labour is on the rise and is expected to continue growing in the foreseeable future. This dynamic shift underscores the critical importance of addressing housing needs and supporting the construction i ..read more
Visit website

Follow Building » Construction on FeedSpot

Continue with Google
Continue with Apple
OR