Cracks Appearing in the World’s Most Desirable Property Markets
Is this the end of the global housing boom?
Canadian Non-residential Construction Jumps in June
New construction starts in June increased 11 percent to a seasonally adjusted annual rate of $896.3 billion, reports Dodge Data & Analytics. This represents a second...
Pipeline Politics to Cost Canadian Economy $10.7B in 2018
Delayed oil pipeline construction is causing a steep discount for Canadian crude prices that is costing the economy roughly $15.6 billion a year, according to Scotiabank.
Canada Home Sales Down 14.5%
A flood of buyers and sellers looking to close deals late last year ahead of looming tighter mortgage rules resulted in a 14.5 per cent "payback"...
Canada Braces for Mass Construction Skills Shortage
Over 250,000 construction workers are expected to retire this decade.
Canada ranks second in global LEED rankings
The Canada Green Building Council (CaGBC) announced that Canada has maintained its second-place position in the U.S. Green Building Council’s (USGBC’s) ranking of the world’s top...
Canadian Arm of U.K. Carillion Files for Creditor Protection
Carillion Canada has been granted protection from creditors by the Ontario Superior Court under the Companies' Creditors Arrangement Act.
Sask. Residential Construction Trails National Average
A new report by Statistics Canada suggests residential construction numbers in Saskatchewan are lagging behind the rest of the country.
Skills Shortage Hits Canadian Construction Market
Canada’s construction industry is one of a few sectors to be hit hardest by a decade of labour shortages and lower margins, according to a study...
Canadian Construction Starts Fall 9% in July
At a seasonally adjusted annual rate of $817.4 billion, new construction starts in July fell 9 percent from the elevated pace reported in June, according to...
Aecon Reports Record $6.4B Backlog
Aecon Group Inc. posted a record $6.4 billion backlog for Q2 as the dust settles over its controversial blocked sale to a Chinese construction company by...
Canada Construction Workforce Faces Continued Pressures
Canada’s construction industry must remain focused on recruitment and retention as more than one quarter of a million construction workers are expected to retire this decade,...
Continued Instability Ahead for Canadian Housing
The Canada Mortgage and Housing Corporation says the country's housing sector is facing a high degree of vulnerability to market instability for the eighth straight quarter.
SNC-Lavalin Tops Profit Estimates, Forecasts Strong 2018 Earnings
Canadian construction and engineering group SNC-Lavalin reported better-than-expected earnings for the final quarter of 2017, benefiting from its purchase of Britain's WS Atkins and helping it...
Report Forecasts Decline in Nonresidential Building
According to the Spring 2018 Forecast Quarterly Report, nonresidential building starts in the United States will drop by 1.6 percent in 2018. However, the decline can...
Choice Properties REIT Buying CREIT in $3.9-billion Deal
The Weston family is poised to create Canada's largest real estate investment trust through a $3.9-billion deal for its publicly traded Choice Properties REIT (CHP_u.TO) to...
The RAIC Announces Recipients of 2018 Honorary Fellowships
French architect Odile Decq, Burkina Faso’s Diébédo Francis Kéré, and American architects John Sorrenti and William J. Stanley III are the proud recipients of 2018 Honorary...