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Getting regional authorities out of the way of development approvals looks like a welcome reduction in red tape. But discouraging home flipping seems likely to chill our renovation businesses. Can't have it all, I guess.
- Patrick Flannery, editor
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B.C. has introduced the Residential Property (Short-term Holding) Profit Tax Act, commonly referred to as the B.C. home-flipping tax. The government says the legislation is meant to discourage investors from buying housing only to turn a quick profit. Income from residential property resold within two years is subject to the tax. Homes sold within a year of being purchased will be subject to a 20 percent tax on any profit, declining to 10 percent the following year and no tax thereafter.
» Read more...
The Ontario regions of Waterloo and Durham became "upper-tier municipalities without planning responsibilities" on Jan. 1. The regulatory change means the municipalities in those regions can seek ministerial approval of amendments to their official plans without involving the broader regional authority. The change is one of many changes made under Ontario's Bill 23 More Homes Built Faster Act and Bill 185 Cutting Red Tape to Build More Homes Act to try to streamline the approvals process for new housing development.
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Rona and its private equity partner have announced the acquisition of All-Fab Group, one of the largest building solutions providers across Western Canada. AFG has served the needs of building contractors, building owners, and dealers across western Canada for over 50 years. The transaction aims to provide AFG with additional resources to accelerate growth and invest in products and capabilities to better serve developers, builders, and families across western Canada and the United States.
» Read More...
The six-month trend in housing starts was flat (-0.3%) in November at 243,268 units, according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada. The total monthly SAAR of housing starts for all areas in Canada increased 8% in November (262,443 units) compared to October (242,207 units).
» Read more...
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Concrete has an undying enemy: corrosion. If left unchecked, corrosion expands reinforcing metals, leading to cracking, spalling, and gradual deterioration of the structure. Because concrete structures are so costly and energy-intensive to build, it is hard to overemphasize the importance of making them last as long as possible for financial and environmental reasons. With this in mind, Ashraf Hasania, Cortec MCI technical sales and product manager, has shared the importance of service life prediction models and migrating corrosion inhibitors in helping engineers achieve a structure’s desired lifespan.
» Read More... |
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The American Society of Interior Designers (ASID) has released a preview of its 2025 Trends Outlook report. With findings covering subjects ranging from the multigenerational workforce and neuro-inclusive design to the artisanal revival and designing for joy, the report explores what’s set to impact interior design in 2025.
» Read more... |
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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.
» Read More...
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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.
» Read More...
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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.
» Read More...
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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.
» Read More...
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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.
» Read More...
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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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