Latest articles and insights from the construction industry
2 months ago
The Ontario government has allocated $15 million in annual funding through the NORDS Fund to assist northern municipalities in enhancing local infrastructure. All 144 northern Ontario municipalities are eligible to receive this funding, with projects such as road reconstruction and watermain extensions being supported.
2 months ago
Waterfront Toronto has revealed its new office space in the T3 Bayside mass timber building, designed to promote inclusivity, sustainability, and wellness. The 14,400-square-foot office features various workspaces, including open and private offices, meeting rooms, and a flexible gathering area for events. The design emphasizes views of Lake Ontario and incorporates sustainable materials to create a welcoming and connected space.
2 months ago
The fourth edition of the Sustainable Construction Barometer reveals that despite economic and global tensions, a majority of Canadian industry stakeholders and citizens still believe implementing more sustainable construction should be a priority. The report highlights key barriers and actions needed to accelerate sustainable construction in Canada.
2 months ago
The Bank of Canada decided to keep its overnight rate at 2.25% on April 29, citing the turbulent global backdrop influenced by the Middle East conflict and ongoing US trade policy uncertainty. This decision is expected to have little immediate relief for the Canadian real estate market, as housing activity remains constrained by slow population growth, economic uncertainty, and affordability challenges.
2 months ago
The Bank of Canada has decided to maintain its policy rate at 2.25% for the fourth consecutive meeting, citing ongoing conflicts in the Middle East, U.S. trade policy, and housing market challenges as key factors influencing the decision.
2 months ago
The federal government's spring economic update formalizes a pivot in climate policy related to enhanced oil recovery tax credits. The update outlines criteria for accessing the tax credit in provinces like Alberta, B.C., and Saskatchewan. The measure is expected to generate $395 million in federal revenue over the next three years.
2 months ago
The Vancouver Fraser Port Authority (VFPA) and GCT Global Container Terminals (GCT) have signed a Memorandum of Understanding to explore partnership opportunities for advancing Roberts Bank Terminal 2 (RBT2) at the Port of Vancouver. The collaboration aims to increase container capacity, improve supply chain resilience, and enhance Canada's global competitiveness.
2 months ago
Construction at the Belleville Terminal redevelopment project in Victoria, B.C.'s Inner Harbour is moving forward as phase two of the $416-million project nears completion. The project includes the installation of foundation piles, construction of a new terminal building and wharf, and the demolition of old infrastructure. The redevelopment aims to modernize the port of entry and improve transportation gateways in British Columbia.
2 months ago
Shell plc has signed a $22-billion deal to acquire ARC Resources Ltd., bringing together the lead partner in Canada’s first operating liquefied natural gas project with a major producer in one of the continent’s most profitable shale regions.
2 months ago
A proposed glamping campground in Canmore, Alberta has sparked controversy among residents concerned about over-development and infrastructure strain. The project, known as Trailhaus, aims to offer a luxury camping experience on historic coal mine lands, but faces opposition from locals citing wildlife and wildfire risks.
2 months ago
The Ontario government has announced a $1.6 billion investment in 79 school construction projects across the province, creating over 29,000 new student spaces and 1,900 licensed child care spaces. The funding will support the construction of new schools and expansions in various areas, including London.
2 months ago
Windmill Development Group is expanding its executive leadership team as founder Jonathan Westeinde transitions to executive chair and Jeremy Reeds moves into the CEO role. The company also welcomes Adam Molson as a partner, development.