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Another half-point rate cut this week. We're hopeful to see some pent-up demand unleashed in the first half of next year.
- Patrick Flannery, editor
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The average tax burden on a newly constructed home in Ontario has jumped to almost 36 per cent of the purchase price, up from 31 per cent just three years ago, a report commissioned by the Residential Construction Council of Ontario (RESCON) has revealed. On the average price of a new home in Ontario, which is about $1,070,000, that means consumers are now paying nearly $381,000 in income taxes, corporate, sales and transfer taxes, and development charges and fees. The new number is a 16-per-cent increase over 2021 and highlights a troubling trend. “These taxes are out of control and ...
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As consumers shift toward a desire for sophisticated comfort and quiet luxury, Pantone has announced their colour of the year for 2025: Mocha Mousse; a rich and warm hue resembling the delectable comforts of chocolate and coffee. Laurie Pressman, vice president of the Pantone Color Institute, says, “We’re living in a time where there’s so much going on that is more serious… and at the same time, we don’t want any heaviness. We want some peace. …So there’s an airiness and a light feeling to this color. Yeah, it’s a brown, but it’s not a heavy brown.”
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[caption id="attachment_1003295324" align="aligncenter" width="630"] Russ Shewchuk (International Vice President of IBEW Canada) accepting the Milwaukee donation of 100 Kits beside Najaf Bhimji (National Marketing Manager, Left) Peter Vallas (Brand Manager - Digital, Right) and Brian Dunjko (Group Marketing Manager, far right)[/caption] Milwaukee Tool Canada has announced a significant donation of 100 tool kits to the International Brotherhood of Electrical Workers (IBEW) to support all levels of skilled trades professionals, both current and next generation.
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The 3C Group has officially opened submissions for the fifth edition of the BLT Built Design Awards. These awards aim to acknowledge the expertise of professionals engaged in the realization of exceptional projects on a global scale, encompassing architectural firms, interior designers, landscape studios, and construction product innovators. The program is open to professional, emerging designers and students until September 10th, 2025, promising to attract entries from some of the most forward-thinking firms from all around the world!
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In 2022, more than 320,000 small businesses operated in rural and small town (RST) areas, representing 14.6 percent of all small businesses in Canada. In contrast, nearly 1.9 million (85.4 percent) small businesses were active in functional urban areas. Additionally, over 9,500 (13.2 percent) medium-sized businesses operated in RST areas in 2022, while 63,215 (86.8 percent) were based in functional urban areas. Rising numbers of small and medium-sized businesses in rural and small town Canada The number of small RST businesses grew by 1.7 percent, from 315,221 in 2021 to 320,585 in 2022.
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After water, concrete is the most consumed man-made substance on earth. Yet, its key ingredient — cement — has a substantial environmental impact and is responsible for over 85 percent of concrete’s carbon footprint and nearly eight percent of all global emissions. In Canada alone, cement manufacturing accounts for about 1.4 percent of the country’s carbon dioxide emissions, according to Canada’s National Inventory Report. It’s not surprising then, that the historically low-profile cement industry is garnering a lot more attention in recent years.
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Home Hardware Stores Limited successfully wrapped up its 2024 PRO Road Shows, held in Chatham, Barrie, Drummondville, Dartmouth, and Edmonton. These events brought together over 3,000 PRO Contractors, demonstrating their importance in supporting Canada’s building professionals. The PRO Road Shows are dynamic 4-hour events designed to equip PROs with tools, insights, and connections to grow their businesses. Attendees explored exhibitor booths showcasing innovative products, engaged with their local Home Dealers, and networked with fellow contractors.
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As energy regulations in Ontario continue to evolve rapidly, it may seem that changing and developing energy efficiency mandates are too much for small or independent contractors to keep up with. Indeed with building codes changing frequently, the demands for constructing homes that meet energy efficiency standards have increased significantly. In the past, the notion of building homes for a more sustainable future may not have been top of mind, but today in Ontario, it’s a top priority. Homeowners are not only interested; they are actively seeking contractors who understand how to make energy-efficient homes a reality.
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Steve Johnston of Omnigence, a private equity firm investing in the construction sector, has a stark warning. He sees a real risk of long-term stagflation (inflation coupled with low productivity and high unemployment) in our present conditions and government policies. His white paper lays out the broad details, but he joins The Hammer to talk about the specific effects in Canada’s homebuilding sector and what will be needed to avoid them.
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Dave Henderson, senior technical services manager for the Residential Construction Council of Ontario, is concerned about the increasing complexity of building codes. He goes over at least six major changes that are proposed for the 2025 National Building Code update, each of which will add significant costs to new homes and renovations requiring permits. He reflects on his time working on code development in Ontario and how far we have come from the 10 principles of code development they observed then. Codes used to be about ensuring minimum, enforceable standards for safety…today, it looks like they are being used as a vehicle to push various government policy agenda.
» Listen now!
Leor Marguiles is a partner at commercial real estate firm, Robins Appleby. From there, he watches as larger developers deal with the fallout from high interest rates and skyrocketing home prices: homeowners delaying or cancelling purchases they suddenly find unaffordable. He joins The Hammer to discuss the factors driving a spike in project delays and defaults and suggest ways that small contractors can deal with the uncertain conditions. Bottom line: stay out of court.
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Canada’s national trade show dedicated to concrete, construction and the aggregates industries is happening on Feb. 12-13 2025, in Toronto, Ont. The Canadian Concrete Expo (CCE) 2025 will be the seventh annual show.
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The NAHB International Builders' Show is the largest annual light construction show in the world. The 2024 show welcomed 76,000+ visitors from more than 100 countries.
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Join us February 13th, 2025, as the ECA hosts our largest event of the year, the Builders Connect Expo (BCE). The BCE will gather over 600+ member & industry leaders for a full day of engagement, learning, and celebration. Combining the best of two well-known events (our Builders Connect Luncheon and Hub of Construction Expo), the BCE will include:
A buffet breakfast and a keynote presentation from Eric Morin, Senior Analyst at CIBC Asset Management
A full trade show with over 70 booths, featuring members showcasing to members.
Our Builders Connect Luncheon program, featuring a keynote from Tyler Waye, a renowned leadership and expert on work, a speech from Minister of Infrastructure Pete Guthrie, and our Volunteer Impact awards, videos & more.
Happy Hour - Enjoy a beverage and network with over 600+ industry leaders while being serenaded by Edmonton's own Leo Martinez.
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CHBA's Home Building Week in Canada is the national home building event of the year! Connect with industry leaders from across the country during an intensive series of Association business meetings and celebrate the best in home building and renovation from coast to coast. Taking place Sunday, May 11 to Thursday, May 15, 2025.
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Brockville, Ont. - Must have a minimum 4 years experience in the residential construction industry
» Apply now
Red Deer. Alta - We are looking for somebody to install and repair electrical systems in multifamily residential buildings.
» Apply now
Kelowna, B.C. - We are seeking somebody to measure and cut piping, and connect piping using welding and brazing equipment.
» Apply now
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