Residential builds lead April construction spike
Statistics Canada reports today that total investment in building construction increased 6.3 per cent in April compared to March, jumping to $19.9 billion. Residential construction investment rose for a 12th consecutive month, with a monthly gain of 8.1 per cent. Non-residential construction has not fully returned to pre-COVID-19 levels but it saw a small increase in April, up 0.9 per cent. Investment in institutional construction was up 1.4 per cent to $1.2 billion, with the largest increase reported in Ontario, up 2.7 per cent. Industrial construction investment was up 1.8 per cent to $847 million, with the help of major ongoing construction projects in Toronto and Montreal.
Elliott to provide vaccination update
Ontario Minister of Health Christine Elliott and Solicitor General Sylvia Jones have scheduled an update on the province’s COVID-19 vaccination plan for this afternoon. The presentation will start at 1 p.m. EDT.
Dunbridge signs deal with Tim-Br Marts
Toronto-based international payments and foreign exchange firm Dunbridge Financial announced today they have entered into a partnership with Tim-Br Marts Ltd. to provide global payments services. Tim-Br Marts is one of Canada’s largest buying groups for independent building material and hardware dealers. The partnership will help Tim-Br Mart members mitigate foreign currency risk, among other benefits, states a release.
CMHC supports RHI housing for Quebec First Nation
The federal government this morning announced details of a $900,000 contribution through the Projects Stream of the Rapid Housing Initiative for the immediate construction of six units of affordable modular housing for the Abenaki of Wolinak First Nation in Quebec. The project will be administered by the Canada Mortgage and Housing Corporation.