Articles tagged with "Residential Building"

The Canada Mortgage and Housing Corporation (CMHC) reports that Canada must double its home construction efforts, building 430,000 to 480,000 homes annually until 2035, to restore housing affordability. Major cities like Montreal and Toronto face significant housing gaps, with Toronto needing a 70% increase in homebuilding over the next decade. The national strategy requires a modernized workforce, more private investment, fewer regulations, and advancements in construction technology to achieve these goals.

Peninsula Capital has acquired a 959-unit single-family rental housing portfolio in the U.S. Midwest, expanding its U.S. presence significantly. This acquisition supports their strategy of scaling up its single-family rental platform. The properties are located in cities like Kansas City, St. Louis, Indianapolis, and Columbus, benefiting from affordable housing, job stability, and high rental demand. The newly acquired portfolio includes two-, three-, and four-bedroom units situated in well-established neighborhoods.

In April 2025, Canada's total investment in building construction dropped by $741.9 million to $22.3 billion, with significant declines in both the residential and non-residential sectors. The residential sector experienced a 4.5% decrease, notably in the multi-unit and single-family components. Ontario and Alberta led the national downturn in single-family home construction. The non-residential sector saw a slight decline, despite an increase in institutional investments, led by Alberta.

Montreal must significantly increase its housing construction efforts to restore pre-pandemic housing affordability levels, according to the Canada Mortgage and Housing Corporation (CMHC). The report suggests that to achieve affordable housing, the city will need to triple its current rate of construction. The housing market is currently constrained, affecting overall accessibility for residents. The city's current strategies may fall short if these targets aren't met.

Montreal is facing a severe housing crisis, exacerbated by the pandemic more than any other major Canadian city. To address the situation, it is necessary to build approximately 50,000 new homes annually. This implies that Montreal will need to double its current housing production rate to meet demand and alleviate the crisis.

Lambton College is set to construct a new student residence, the largest project in its history, through a public-private partnership with Tilbury Properties Corporation and Fengate Asset Management. The residence, expected to open in September 2027, is designed to offer a mix of suite styles and amenities to support student life and attract new students. This initiative aims to strengthen the community and support the college’s financial sustainability. The project will be financed and constructed by Tilbury and Fengate, with Teeple Architects and Ball Construction handling design and building respectively.

In Toronto, a heritage project is underway at 950 King St. W to provide 231 rental units, including 40 affordable homes. The redevelopment of the historic Palace Arms Hotel involves a 17-storey building, supported by Greenwin, Intentional Capital, Windsor Private Capital, and LiUNA! Pension Fund. This initiative aims to rejuvenate the area while offering new housing opportunities.

The Quebec government and the City of Val-d'Or are hosting a press conference about the construction of affordable housing in Val-d'Or. The event, scheduled for June 20, will feature France-Élaine Duranceau, the Minister responsible for Housing, and Céline Brindamour, the Mayor of Val-d'Or. Media personnel planning to attend need to confirm their presence by June 19 at 2 PM.

A tentative agreement has been reached between Quebec's construction association (APCHQ) and the construction union alliance, ending a residential construction strike that began on May 28. The agreement includes an 8% salary increase for 2025, with arbitration set for subsequent years under specific parameters. This agreement will be subject to ratification by both the union members and employers. The residential sector was the last of the four construction sectors in Quebec to renew its collective agreement.

The construction labor union Alliance has reached a tentative agreement with the APCHQ, ending the strike in the residential construction sector. The agreement was finalized on Wednesday evening, signaling a conclusion to ongoing negotiations. This development allows for the resumption of residential construction projects that had been stalled due to the strike.

An agreement in principle has been reached in the residential construction sector, leading to the end of a strike. The strike, which began on May 28, had affected numerous projects across the region. The resolution of the strike is expected to restart and accelerate halted construction activities. The terms of the agreement have yet to be fully disclosed.

The strike in the residential construction sector, which started on May 28, has come to an end. Both parties confirmed the conclusion of the strike on Wednesday evening. An agreement in principle has been reached, allowing work to resume. This marks a successful negotiation that has resolved the labor dispute in residential construction.