Cash is king, and nowhere more so in Canada than in the residential construction sector. The latest data from Statistics Canada reveals the home building and renovation sector accounted for 26 percent of the total underground economy in 2018.

The bill aims to reduce barriers in the planning, design and construction of major infrastructure projects like highway and public transit networks, and support the growth of transit-oriented communities.

Permit values in the city issued for the first nine months of the year are already higher than those recorded last year, and only $5 million away from the record level set in 2005.

A survey released by the organization says the province’s civil and engineering firms are seeing fewer tenders being issued for municipal work.

No construction plans have been announced, but the company plans to add 500 workers at its Canadian headquarters within three years.