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First Notice: Fort Frances upgrade; CCA wrap-up; housing vulnerability

First Notice: Fort Frances upgrade; CCA wrap-up; housing vulnerability

 

Fort Frances welcomes $5M rec centre upgrade

Three levels of government announced combined spending of $5 million for the rehabilitation of the Memorial Sports Centre in Fort Frances, in northern Ontario. The project will involve replacing the roof, installing a new sprinkler system and upgrading the air conditioning system, power supply, ice plant controls and dehumidifier. Once complete, the renovated facility will feature an updated pool, new squash court floor and new flooring in the auditorium entrance. In addition, the Zamboni and furnace will be replaced, and upgrades will be made to the security system. 

 

CCA conference wraps up today

The Canadian Construction Association wraps up its three-day virtual conference todayA highlight of the proceedings is a noon-hour economic update session presenting the CCA’s construction outlook for 2021. Watch for DCN coverage all this week and next. 

 

Toronto, Ottawa housing markets highly vulnerable: CMHC

Sustained high housing prices in many cities are making Canada’s national housing market moderately vulnerable, according to the Canada Mortgage and Housing Corporation (CMHC) Housing Market Assessment (HMA) released today. The determination of vulnerability comes from the fact that prices are outpacing the recovery in fundamental factors, such as labour income. The Toronto and Ottawa housing markets moved from moderate to high degrees of vulnerability in the latest   HMA reports.  Price acceleration in Toronto and overvaluation in Ottawa were factors in driving the rating change.  

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