Market Watch

Beijing

Zaha Hadid’s massive airport opens in Beijing

Designed by Zaha Hadid Architect, the Beijing Daxing International Airport in China is now open. It is the world’s largest single-built terminal.
MAESTRIA

Quebec’s largest mixed-use residential project breaks ground

Devimco Immobilier, the Fonds immobilier de solidarité FTQ and Fiera Real Estate have broken ground on Maestria, the largest mixed-used residential project ever built in Montréal.
tallest residential

New York has the world’s tallest residential building

Located on West 57th Street, Central Park Tower in New York has topped out at 1,550 feet, making it the tallest residential building in the world.
Gen Z friendly cities

Gen Z friendly cities foster a rising cohort

The study assesses and scores 110 prominent international cities on 22 indicators deemed to support and/or influence the age cohort born between 1997 and 2012.
energy management

Canadian cities fertile for tech job growth

The rankings reflect CBRE's assessment of each market's competitive appeal based on 13 variously weighted indicators that collectively present a picture of employment trends and other factors helping to attract and sustain a tech labour force.
Procore

Procore doubles number of subcontractor users

Procore Technologies, Inc., a leading provider of construction management software, has nearly doubled the number of subcontractors on the Procore platform.
MIPS hard hat brain

World’s first brain protection hard hat launch

Swedish safety helmet firm MIPS has partnered with Guardio to create the world’s first hard hat that offers a brain protection system.
rethinking real estate

Stigma fuels case for rethinking real estate

Much of the current negative sentiment relates to the emergence of informal rooming houses in predominantly single-family residential areas near suburban post-secondary campuses.
hydro system costs

B.C. affirms uneven split of hydro system costs

It's estimated that equitable apportionment could push residential rates 2.2 per cent higher than the proposed 1.8 per cent increase for fiscal year 2020, while commercial rates would drop and industrial rates remain the same.
Roz Thorn

BUILDEX Alberta merges Calgary, Edmonton shows

BUILDEX Calgary and BUILDEX Edmonton are combining to bring together a larger representation of the Alberta building industry.
low-carbon vanguard

Real estate primed for low-carbon vanguard

Canada's Expert Panel on Sustainable Finance suggests there is more untapped opportunity than coordinated action in a market grappling with emerging imperatives for climate-related financial disclosure and integrating ESG measures.
Commercial ratepayers

Few favours for commercial ratepayers in 2018

Tax ratios for 11 of Canada's largest cities demonstrate that commercial ratepayers consistently carry a disproportionate share of the municipal property tax burden.
market drivers

Developers weigh in on market drivers

Collectively, the 400+ C-suite and senior executives see more opportunity than threat in technological advancements, social change and a less economically stratified society.
labour agreement

NDP launches new agreement for public projects

The NDP government has introduced a new labour agreement for major public-sector infrastructure projects to be administered by a new crown corporation.
residential development land

B.C. residential development land takes tax hit

The British Columbia government expects to collect about $520 million in new annual revenue through additional residential property taxes and property transfer taxes.
new trade partners

New trade partners move up Canada’s wish list

CETA isn't expected to suddenly propel a wave of Canadian firms onto short lists for EU projects, but it does open up opportunities to start building relationships with potential customers.
showcase awards

PCL earns top CanBIM Awards for Rocky Ridge

PCL Construction has received two top awards from the Canada BIM Council (CanBIM) for Rocky Ridge Recreation Facility in Calgary.