Investment in ICI sector declined in September
Statistics Canada yesterday reported that total investment in building construction across the country decreased 1.7 per cent to $15.2 billion in September, after reaching a record high in August. The decline was attributed to decreases in the non-residential sector (minus 8.5 per cent to $4.5 billion) that were partially offset by increases in the residential sector investment (up 1.6 per cent to $10.7 billion). The commercial, industrial and institutional components of non-residential building construction all fell to the lowest levels seen since April 2020. Ontario (minus 9.5 per cent to $1.8 billion) and Quebec (minus 15.2 per cent to $1.0 billion) accounted for the majority of the provincial declines in all three non-residential components.
CDPQ Infra to provide update on REM project
CDPQ Infra and the REM project office will be hosting an update on progress of the Reseau express metropolitain project in Montreal tomorrow. The update will be hosted by Jean-Marc Arbaud, managing director of CDPQ Infra and the REM project office, and Macky Tall, president and CEO of CDPQ Infra. The project currently has more than 20 construction sites spread out over Greater Montreal.
Bertaud speaks on National Housing Day
City Building Ryerson today announced that Alain Bertaud, author of Order Without Design: How Markets Shape Cities, will be speaking Nov. 23 at a presentation in recognition of National Housing Day. The address starts at 11 a.m.
Feds invest in EV charging platform
The federal government today announced a $1-million investment in Toronto-based SWTCH Energy Inc. to address barriers to electric vehicle (EV) adoption. The company is developing a blockchain-based EV charging platform that it claims will reduce the cost of EV charging transactions and enhance grid efficiency. SWTCH, along with project partners Opus One Solutions, Toronto Hydro, University of Waterloo, University of Toronto, IBI Group and PowerCharge, is also contributing to this project, bringing the total project cost to over $2.6 million.