The Regal Plaza Corporate Centre will consist of an 11-storey hotel and a commercial condo centre, with two underground parking levels and a connecting atrium.

The Canada Infrastructure Bank's Growth Plan is expected to create approximately 60,000 jobs across the country, and targets spending in five priority areas.

In a sign the construction sector is returning to normal, the industry chalked up $8 billion worth of permit activity in August—a jump of 1.7 percent from July’s total.

The change comes amid significant economic uncertainty created by the COVID-19 pandemic, but it’s not good news for employers who anticipated seeing their premiums fall.

More than 70 percent of the total labour hours projected for the $5.7-billion project will be expended between 2021 and 2023.