Prime Minister Justin Trudeau has announced the elimination of the goods and services tax (GST) for new rental apartment construction to reduce costs for builders due to high interest rates set by the Bank of Canada.
Community and not-for-profit organizations and private developers can build more new rental properties in Prince Edward Island with the renewal of the Housing Challenge Fund pilot, which added $50 million to contribute to housing in the province.
Enbridge Sustain, an energy solutions company, and SEAN, a developer of sustainable housing, will build a new 73-unit townhome and condo community in Barrie that will be sustainably heated and cooled using a dedicated geothermal system. This will allow the homes to gain EnergyStar certification and be labelled net-zero ready.
The Portage Place Shopping Centre in downtown Winnipeg will be redeveloped into a $500-million diverse three-part campus, connecting a healthcare centre, housing, retail, neighbourhood services, and urban green spaces.
The federal and New Brunswick governments will invest more than $13.3 million to support the construction of three housing projects in Miramichi, including the East Side Affordable Housing Development (ESAH) project.
A proposed development at Leslie and Eglinton will replace the existing Lexus and Toyota dealerships to create a multi-tower residential community and public park, supporting the city’s Leslie Street intensification plan to build higher-density mixed-uses on underutilized sites.
Toronto-headquartered developer, Main + Main, and Burlington-based real estate investment company, Equiton Inc., broke ground on a rental development, which aims to add much-needed housing to Ottawa’s core.
A 2022 report titled, “The Real Economy, Canada,” found that while most industries gained jobs, the construction industry lost over 23,000 in April and June, despite the pent-up demand in the overall labour market.
Pre-engineered home builder Daylun’s flagship house in Toronto will target LEED for Homes Platinum Certification by relying on modular construction, based on patent-pending green products and energy-efficient solutions, in a bid to provide affordable housing solutions.
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