Construction
Canadian Property Management
Data management capabilities get tax perk
The 2024 federal budget introduces temporary accelerated depreciation of specified "innovation-enabling and productivity-enhancing" assets and new purpose-built rental housing.
Canadian Facility Management & Design
New heights for Ontario mass timber construction
A promised amendment to Ontario's building code will allow for mass timber buildings of up to 18 storeys, an increase above the current 12-storey threshold..
Canadian Apartment Magazine
Manitoba restores tax credit, hints new incentive
The 2024 Manitoba budget restores the rental housing construction tax credit and hints at a "time-limited" incentive for commercial-to-residential conversions.
Canadian Apartment Magazine
Potential property tax relief looks uneven
A potential incentive for new purpose-built rental housing in Ontario comes with adverse implications for existing multifamily properties, thanks to the mathematics of property tax allocation.
Construction Business
Competition Bureau orders Quebec divestiture
Quebec-based concrete supplier, Béton Provincial, will have to divest a ready-mix concrete plant that is part of its pending acquisition of a rival’s Quebec operations.
Canadian Property Management
B.C. budget promises cost relief measures
B.C.'s 2024 budget introduces a 12-month electricity rebate, estimated at 4.6 per cent of annual consumption costs, and a six-year pause on property transfer tax for new purpose-built rental housing, beginning in 2025.
CondoBusiness
Construction cost escalators still in play
Construction costs are generally highest in Vancouver across all multifamily categories, including low-, mid- and high-rise concrete buildings and low-rise wood-frame apartments up to six storeys.
Construction Business
CRE construction activity tops 5-year U.S average
Combined spending on office, industrial and retail construction projects dropped below 2022 levels in the U.S. last year, but still surpassed the five-year average for the period since 2019.
REMI Network
New condo sales fall to 15-year low in GTA
New condo sales in the Greater Toronto Area are at their lowest since 2008 at 12,716 units, according to new data from Urbanation.
Construction Business
Provinces push ahead on mass timber construction
British Columbia, Ontario and Quebec have jointly developed proposed code changes that would allow for taller mass timber buildings and more types of occupancy.
Canadian Facility Management & Design
Construction and design innovators honoured
Richard Kroeker, emeritus professor of architecture at Dalhousie University, and Osama Moselhi, professor of engineering at Concordia University, have been named to the Order of Canada.
Canadian Property Management
Don’t Let Curveballs Slow Down Construction
As buildings became taller and more complicated, the engagement of trades in the design-assist process is more integral than ever.
Construction Business
Quebec bankrolls in-demand construction trades
The Quebec government pledges $260 million over two years to launch new training for specialized trades and increase the intake of apprentices in the heating, electrical and plumbing fields.
Canadian Apartment Magazine
GTA rental construction declined in Q3
The number of purpose-built rentals under construction in the GTA fell to 18,267 units in Q3-2023, according to new data from Urbanation.
REMI Network
Construction economists calling for urgent reforms
Canada's construction economists are pointing to oversights by the federal government, calling for urgent reforms to address the housing crisis.
Canadian Facility Management & Design
New round of funding to improve accessibility
Qualifying recipients can receive up to $3 million to subsidize construction, renovation or retrofit projects that make way for more people with disabilities in community spaces and workplaces.
Construction Business
Prison time for supervisor in NB jobsite death
A New Brunswick construction supervisor has been sentenced to three years in prison for criminal negligence after the jobsite death of an 18-year-old member of his work crew.
