Economic Archives - constructconnect.com ϳԹ's construction news Mon, 20 Jan 2025 18:05:16 +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 Government of Alberta states province ‘shatters’ housing records in 2024 /joc/news/economic/2025/01/government-of-alberta-states-province-shatters-housing-records-in-2024 /joc/news/economic/2025/01/government-of-alberta-states-province-shatters-housing-records-in-2024#respond Tue, 21 Jan 2025 12:05:30 +0000 /?p=426787 EDMONTON — According to the Alberta government, year-end data from the ϳԹ Mortgage and Housing Corporation (CMHC) shows strong success in increasing the supply of homes, with the province leading the country in housing starts per capita in 2024. Last year Alberta saw 46,632 new homes under construction, breaking historic records, explains a release. The […]

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]]> /joc/news/economic/2025/01/government-of-alberta-states-province-shatters-housing-records-in-2024/feed 0 BMO poll says 63% express recession concerns, 48% believe economy will weaken /dcn/news/economic/2025/01/bmo-poll-says-63-express-recession-concerns-48-believe-economy-will-weaken /dcn/news/economic/2025/01/bmo-poll-says-63-express-recession-concerns-48-believe-economy-will-weaken#respond Tue, 21 Jan 2025 11:20:44 +0000 /?p=426791 TORONTO — As tariff threats loom, a new Bank of Montreal survey finds 63 per cent of Canadians expressed concerns about the potential for a recession in the next 12 months.  The online poll also found 48 per cent of those surveyed believed the economy will weaken over the next year, while 19 per cent […]

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]]> /dcn/news/economic/2025/01/bmo-poll-says-63-express-recession-concerns-48-believe-economy-will-weaken/feed 0 RJC Engineers announces three new principals, four new associates /dcn/news/economic/2025/01/rjc-engineers-announces-three-new-principals-four-new-associates /dcn/news/economic/2025/01/rjc-engineers-announces-three-new-principals-four-new-associates#respond Tue, 21 Jan 2025 11:15:14 +0000 /?p=426783 VANCOUVER — RJC Engineers is adding to its leadership roster with three new principals and four new associates. According to a release, with these appointments, RJC’s leadership has grown to 55 principals and 55 associates as the organization rings in its 77th year of business in 2025. The new additions are from various segments of […]

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]]> /dcn/news/economic/2025/01/rjc-engineers-announces-three-new-principals-four-new-associates/feed 0 CMHC says total housing starts in 2024 up two per cent from 2023 /dcn/news/economic/2025/01/cmhc-says-total-housing-starts-in-2024-up-two-per-cent-from-2023 /dcn/news/economic/2025/01/cmhc-says-total-housing-starts-in-2024-up-two-per-cent-from-2023#respond Tue, 21 Jan 2025 11:05:49 +0000 /?p=426773 OTTAWA — ϳԹ Mortgage and Housing Corp. says the total number of housing starts in 2024 rose two per cent compared with 2023, helped by increased starts in Alberta, Quebec and the Atlantic provinces. The national housing agency said housing starts totalled 245,120 last year, up from 240,267 a year earlier. CMHC said housing starts […]

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]]> /dcn/news/economic/2025/01/cmhc-says-total-housing-starts-in-2024-up-two-per-cent-from-2023/feed 0 Canadians watching to see if Donald Trump follows through on tariff threat /dcn/news/economic/2025/01/canadians-watching-to-see-if-donald-trump-follows-through-on-tariff-threat /dcn/news/economic/2025/01/canadians-watching-to-see-if-donald-trump-follows-through-on-tariff-threat#respond Mon, 20 Jan 2025 14:07:30 +0000 /?p=426665 WASHINGTON — Donald Trump is set to return to the White House with a massive agenda, leading a deeply divided United States on a starkly different path from his predecessor — and the Republican leader has signalled it means pushing away from America’s closest neighbour and ally.  Canadians will be anxiously watching inauguration day ceremonies […]

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]]> /dcn/news/economic/2025/01/canadians-watching-to-see-if-donald-trump-follows-through-on-tariff-threat/feed 0 Rising borrowing costs batter U.K. government and threaten to derail its left-leaning program /dcn/news/economic/2025/01/rising-borrowing-costs-batter-u-k-government-and-threaten-to-derail-its-left-leaning-program /dcn/news/economic/2025/01/rising-borrowing-costs-batter-u-k-government-and-threaten-to-derail-its-left-leaning-program#respond Mon, 20 Jan 2025 11:05:48 +0000 /?p=425848 LONDON — Britain’s new government, which is already facing anger over higher taxes, unpopular spending decisions and political scandals just six months after taking office, is now being battered by rising borrowing costs that threaten to derail its left-leaning program. The yield on the U.K.’s 10-year bonds, a reflection of the price investors demand for […]

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]]> /dcn/news/economic/2025/01/rising-borrowing-costs-batter-u-k-government-and-threaten-to-derail-its-left-leaning-program/feed 0 National home sales finish strong in 2024, as association forecasts rebound this year /dcn/news/economic/2025/01/national-home-sales-finish-strong-in-2024-as-association-forecasts-rebound-this-year /dcn/news/economic/2025/01/national-home-sales-finish-strong-in-2024-as-association-forecasts-rebound-this-year#respond Mon, 20 Jan 2025 11:00:41 +0000 /?p=425845 OTTAWA — The number of homes that changed hands across the country in December was up 19.2 per cent compared with a year earlier, as the Canadian Real Estate Association says a strong fourth quarter bodes well for a rebound in sales in 2025. The association says the final three months of last year saw […]

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]]> /dcn/news/economic/2025/01/national-home-sales-finish-strong-in-2024-as-association-forecasts-rebound-this-year/feed 0 David Eby calls Trump tariffs ‘economic war’ that would cost B.C. $69 billion /joc/news/economic/2025/01/david-eby-calls-trump-tariffs-economic-war-that-would-cost-b-c-69-billion /joc/news/economic/2025/01/david-eby-calls-trump-tariffs-economic-war-that-would-cost-b-c-69-billion#respond Fri, 17 Jan 2025 14:08:27 +0000 /?p=425785 VANCOUVER — British Columbia Premier David Eby says U.S. president-elect Donald Trump has made a “declaration of economic war” on ϳԹ and B.C. with his proposed 25 per cent tariffs on Canadian goods. Eby and Finance Minister Brenda Bailey released costings that suggest the tariffs and a similar response from ϳԹ would cumulatively cost B.C. […]

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]]> /joc/news/economic/2025/01/david-eby-calls-trump-tariffs-economic-war-that-would-cost-b-c-69-billion/feed 0 We have a narrow window to fix the housing supply problem /dcn/news/economic/2025/01/we-have-a-narrow-window-to-fix-the-housing-supply-problem /dcn/news/economic/2025/01/we-have-a-narrow-window-to-fix-the-housing-supply-problem#respond Fri, 17 Jan 2025 09:00:06 +0000 /?p=425594 Famed theoretical physicist Albert Einstein once quipped, “In the middle of every difficulty lies opportunity.” Today, the difficulty thrust upon us is a housing supply crisis of prodigious proportions. It is now time to face up to the situation and devise a bold and ambitious plan and turn it into a golden opportunity. We know […]

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]]> /dcn/news/economic/2025/01/we-have-a-narrow-window-to-fix-the-housing-supply-problem/feed 0 26.2 per cent growth in building permits for Saskatchewan /joc/news/economic/2025/01/26-2-per-cent-growth-in-building-permits-for-saskatchewan /joc/news/economic/2025/01/26-2-per-cent-growth-in-building-permits-for-saskatchewan#respond Thu, 16 Jan 2025 14:02:18 +0000 /?p=425446 REGINA — Statistics ϳԹ recently released data indicating a 26.2 per cent year-over-year increase for the value of building permits in Saskatchewan from November 2023 to November 2024. The province also saw a month-over-month increase of 15.3 per cent in the value of building permits for November 2024 compared to October (seasonally adjusted). “The continued […]

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]]> /joc/news/economic/2025/01/26-2-per-cent-growth-in-building-permits-for-saskatchewan/feed 0 China’s exports in December up 10.7%, beating estimates as higher US tariffs loom /dcn/news/economic/2025/01/chinas-exports-in-december-up-10-7-beating-estimates-as-higher-us-tariffs-loom /dcn/news/economic/2025/01/chinas-exports-in-december-up-10-7-beating-estimates-as-higher-us-tariffs-loom#respond Thu, 16 Jan 2025 11:10:15 +0000 /?p=425264 HONG KONG  — China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. Exports rose 10.7% from a year earlier, according to official customs data released Monday. Economists had forecast they […]

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]]> /dcn/news/economic/2025/01/chinas-exports-in-december-up-10-7-beating-estimates-as-higher-us-tariffs-loom/feed 0 EllisDon’s Geoff Smith received 2025 Toronto Region Builder Award /dcn/news/economic/2025/01/ellisdons-geoff-smith-received-2025-toronto-region-builder-award /dcn/news/economic/2025/01/ellisdons-geoff-smith-received-2025-toronto-region-builder-award#respond Wed, 15 Jan 2025 11:05:22 +0000 /?p=424521 MISSISSAUGA, ONT. — The honour of the 2025 Toronto Region Builder Award has been awarded to EllisDon’s executive chair of the board of directors, Geoff Smith. The accolade celebrates his lifelong dedication to EllisDon, its employees and the construction services industry, as well as his broader contributions to the Toronto region through leadership and community […]

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