It was a week of announcements for the Daily Commercial News team. The WSIB has eliminated its unfunded liability resulting in a large drop in premium rates next year; a new survey reports the three biggest business challenges facing the real estate development industry are cost escalation, labour shortages and the development approval process; Menkes Developments Ltd., in partnership with Alcion Ventures, recently broke ground on the Waterfront Innovation Centre; the federal government is providing $618,000 to the Ontario Electrical League (OEL) for the OEL’s new Consortia Pilot Project — Employer Engagement program; and a prefabricated steel building at U of T – Mississauga will defy stereotypes.
Cost escalation biggest challenge facing real estate development: survey
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