The latest phase of work on the three-phase project calls for the transformation of a vacant office building into a new waterfront arts and cultural hub, and rehabilitation and restoration of the heritage-designated Canada Malting silos.

The organizations made the announcement on November 3. The agreement sees CIB commit $600 million to the project. That funding will allow Enwave to accelerate and scale the build-out of its district energy systems in Mississauga and Toronto.

The quarterly report from analysts Lodging Econometrics shows lower volumes of projects under construction and projects scheduled to start construction in the next 12 months.

The airplane manufacturer will relocate construction of its Global series jets from a 1960s-era facility in Downsview to the new, more energy-efficient facility at Pearson airport.

Building permit values cracked the $10-billion mark for the month, thanks to another strong performance in the housing sector. Permit values for non-residential work dropped 3%.