Economic Archives - constructconnect.com Canada's construction news Fri, 20 Dec 2024 14:17:28 +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 Global EV Growth and the Related Need for Charging Infrastructure /dcn/news/economic/2024/12/global-ev-growth-and-the-related-need-for-charging-infrastructure /dcn/news/economic/2024/12/global-ev-growth-and-the-related-need-for-charging-infrastructure#respond Fri, 20 Dec 2024 14:16:49 +0000 /?p=417952 Electric vehicles (EVs) are quickly replacing conventional cars and becoming mainstream. In 2023, 14 million new electric cars were added globally, bringing the total number of EVs on the roads to around 40 million. According to the International Energy Agency (IEA), global sales of EVs are expected to increase from 10 million per year in […]

The post Global EV Growth and the Related Need for Charging Infrastructure appeared first on constructconnect.com.

]]> /dcn/news/economic/2024/12/global-ev-growth-and-the-related-need-for-charging-infrastructure/feed 0 Will increasing the supply of housing make it more affordable? /dcn/news/economic/2024/12/will-increasing-the-supply-of-housing-make-it-more-affordable /dcn/news/economic/2024/12/will-increasing-the-supply-of-housing-make-it-more-affordable#respond Fri, 20 Dec 2024 12:00:50 +0000 /?p=417771 Canada has a serious shortage of housing that is affordable, defined as 30 per cent or less of a family’s annual income. The Canada Mortgage and Housing Corporation estimates the country needs to add 3.5 million homes by 2030 to restore housing affordability. To make housing more affordable, Economics 101 says you need to increase […]

The post Will increasing the supply of housing make it more affordable? appeared first on constructconnect.com.

]]> /dcn/news/economic/2024/12/will-increasing-the-supply-of-housing-make-it-more-affordable/feed 0 Saskatchewan building permits on the rise /joc/news/economic/2024/12/saskatchewan-building-permits-on-the-rise /joc/news/economic/2024/12/saskatchewan-building-permits-on-the-rise#respond Thu, 19 Dec 2024 12:05:22 +0000 /?p=417520 REGINA — The latest numbers from Statistics Canada are showing continued growth for Saskatchewan’s building permits, which had a 13.8 per cent increase for year-over-year growth for October 2024 compared to October 2023. According to a release from the province, in October 2024, building permits in Saskatchewan totalled $239 million (seasonally adjusted). In Regina, the […]

The post Saskatchewan building permits on the rise appeared first on constructconnect.com.

]]> /joc/news/economic/2024/12/saskatchewan-building-permits-on-the-rise/feed 0 Housing starts rise from last month, up eight per cent in November: CMHC /dcn/news/economic/2024/12/housing-starts-rise-from-last-month-up-eight-per-cent-in-november-cmhc /dcn/news/economic/2024/12/housing-starts-rise-from-last-month-up-eight-per-cent-in-november-cmhc#respond Wed, 18 Dec 2024 11:05:13 +0000 /?p=417148 OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in November rose eight per cent compared with October, helped by strength in multi-unit starts in Quebec, Alberta and B.C. The national housing agency says the seasonally adjusted annual rate of housing starts came in at 262,443 units in November, up […]

The post Housing starts rise from last month, up eight per cent in November: CMHC appeared first on constructconnect.com.

]]> /dcn/news/economic/2024/12/housing-starts-rise-from-last-month-up-eight-per-cent-in-november-cmhc/feed 0 Guckes navigates financial volatility in construction during Buildings Show /dcn/news/economic/2024/12/guckes-navigates-financial-volatility-in-construction-during-buildings-show /dcn/news/economic/2024/12/guckes-navigates-financial-volatility-in-construction-during-buildings-show#respond Mon, 16 Dec 2024 09:00:41 +0000 /?p=416647 In the economic headwinds buffeting Canada, the construction industry needs to have a clearly defined set of strategies to navigate the challenges it faces such as labour shortages, participants at a Buildings Show seminar were told. Those strategies include focusing on labour training and retention programs, building a diversified client portfolio, and being acutely aware […]

The post Guckes navigates financial volatility in construction during Buildings Show appeared first on constructconnect.com.

]]> /dcn/news/economic/2024/12/guckes-navigates-financial-volatility-in-construction-during-buildings-show/feed 0 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, […]

The post Business Council report states B.C. faces ‘economic plateau’ as megaprojects wrap up appeared first on constructconnect.com.

]]> /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 […]

The post Vancouver Empty Homes Tax continues to show results for rental housing supply appeared first on constructconnect.com.

]]> /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 […]

The post Toronto home sales jump as October rate cut marked turning point for market: expert appeared first on constructconnect.com.

]]> /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 ion 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 ion (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 […]

The post Aecon Utilities acquires Ainsworth’s Power ion business appeared first on constructconnect.com.

]]> /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 […]

The post Supply gains drive home sales increase in Calgary as benchmark price up 3.5%: board appeared first on constructconnect.com.

]]> /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 […]

The post Morguard states stable growth to persist in multi-suite residential market in Q3 2024 appeared first on constructconnect.com.

]]> /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 ion 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 […]

The post A mixed bag: Canadian rental developer sentiment varies from region to region appeared first on constructconnect.com.

]]> /dcn/news/economic/2024/12/a-mixed-bag-canadian-rental-developer-sentiment-varies-from-region-to-region/feed 0