News
News and information from and for Ontario’s construction industry
The Link2Build group publishes news and information about the Ontario construction industry daily. Check here for the latest in trends, developments and insight from a wide variety of contributors, and visit regularly for updated information.
Near-term GTA growth to moderate: Conference Board
According to the Conference Board of Canada, economic growth in the Greater Toronto Area is expected to moderate in 2019 and 2020.
Construction shed 21,000 jobs in October
Statistics Canada released the findings of its monthly Labour Force Survey last week. The report shows that national employment figures held steady in October after two consecutive months of growth.
Q3 building costs increased
In its latest report on building construction indexes, Statistics Canada shows a jump of 0.5 percent for the cost of non-residential construction, and a jump of 0.6 percent for residential structures.
Substantial performance - what you need to know
Under the Ontario Construction Lien Act, a contract is considered substantially performed when the improvement, or a substantial part thereof, is ready for use, or is being used for the intended purposes, and when the improvement is capable of completion or, where there is a known defect, correction can be completed for less than the threshold monetary amount.
CBOC: Ottawa’s economy poised for slight growth in 2019, 2020
Say what you will about Ottawa’s economy – that it’s unspectacular or that it’s heavily dependent on public-sector growth – it’s nothing if not consistent. While many other cities in the province and across the country have seen growth rates about 6 percent in recent years, these are the same cities that have also seen those years followed up with contractions.