Your Ontario Construction News Daily Update Jan. 4 2020
Construction spending expected to rebound this year with Ontario gaining momentum, report says
Ontario Construction News staff writer Consultants at BTY Group say construction activity could pick up across the country this year amid anticipated spending on infrastructure and renewable energy. The international consulting firm says it predicts construction costs will rise three per cent to five per cent in 2021 for Ontario, British Columbia, and Quebec, with […]
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Hamilton approves $474 million for capital infrastructure projects in 2021
Ontario Construction News staff writer The City of Hamilton Hamilton’s recently approved budget includes $474 million for capital infrastructure projects – in addition to $10 million in projects already approved during 2020. The increase in capital funding from property taxes equates to an increase in the operating budget of 0.4 per cent or $3.6 million. […]
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$8.2 million announced for ‘rapid housing’ in Waterloo Region
Ontario Construction News staff writer The federal government recently announced nearly $8.2 million in funding to support a rapid housing initiative that will add 42 affordable modular housing units in the Region of Waterloo, including: 36 units of supportive housing at 1470 Block Line Road in Kitchener for women experiencing or at risk of homelessness. […]
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GDP growth of 0.4% in Oct. offers a glimmer of hope for the economy in 2021
The CANADIAN PRESS The Canadian economy outpaced expectations in October and an early estimate suggested growth continued in November, offering a glimmer of hope for a better-than-expected start to 2021. Statistics Canada reported Wednesday that real gross domestic product grew 0.4 per cent in October, marking the sixth consecutive month of growth and slightly above […]
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DataBid: Current project leads and opportunities
The post DataBid: Current project leads and opportunities appeared first on Ontario Construction News.