Gowling reviews new CCDC contract
Lexology today posted a new blog from Gowling WLG titled What the New CCDC 2 Stipulated Price Contract Means for You. The modified CCDC 2 contract updates the standard form contract to catch up with recent prompt payment and adjudication changes in Ontario and soon other provinces.
Value of building permits rises in November
Statistics Canada reported this morning that the total value of building permits rose 12.9 per cent to $9.4 billion in November, the third highest value on record. Much of the growth was led by large permits for multi-family dwellings in British Columbia and Ontario and an office building in the city of Toronto. Non-residential permits rose by 19.5 per cent to $3 billion in November, mainly due to a $507–million building permit for the new Cadillac Fairview office building in downtown Toronto. The total value of institutional permits rose by 23.2 per cent to $900 million in November, while industrial permits fell for the fifth time in six months, declining 9.3 per cent to $537 million in November.
Groupe Mach buys into Toronto
Quebec-based Groupe Mach has announced the acquisition of the Class A First Meadowvale Centre on Argentia Road in Mississauga, the first of what the firm says will be a series of other major transactions in the Toronto market. “Our Toronto office is actively pursuing opportunities in the GTA market. Our goal is to build a solid portfolio of assets in the area,” said MACH executive vice-president Stephen Champion.
Recent Comments
comments for this post are closed