Latest articles and insights from the construction industry
4 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.
4 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.
4 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.
4 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.
4 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.
4 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.
4 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.
4 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.
4 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.
4 months ago
Meta and Turner Construction Company have started construction on a $10 billion, one-gigawatt data center campus in Indiana. The project, located in the LEAP Innovation and Research District in Lebanon, will include 13 buildings and create over 4,000 construction jobs. The campus is designed to support the next generation of artificial intelligence with a focus on sustainability and community impact.
4 months ago
The growing concern over water usage in data centres in Canada has sparked a debate about the environmental impact of these facilities. As the country attracts more data centre development, questions arise about the sustainability of their water consumption practices.
4 months ago
The City of Pickering is set to vote on a secondary housing development plan that could accommodate over 70,000 people. The plan has faced criticism for its cost and lack of consultation with a local First Nation. Mayor Kevin Ashe sees it as a solution to the housing shortage and a job creator. The development would fall under the broader regional plan, aiming to address the expected population growth in the region.