Elevated interest rates, construction costs and delays, and a slower real estate market are all contributing to the rising frequency of projects coming under financial stress, say experts.

The announcement comes as the federal government grapples with a ballooning international student program that has added strain to local housing markets.

A report by analysts Lodging Econometrics finds project volume at the end of 2023 was just shy of the record total reported in 2019.

Governments need to enact a series of changes if they are serious about adopting modular construction as a solution to Canada’s housing crisis, the GSA Group says.

The 120-year-old bridge is nearing the end of its lifecycle. A panel of architectural experts will provide design advice.