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July 2, 2009

Financing a go for Bank of America tower in New York

Developers of one of the city’s tallest new skyscrapers says they have lined up a nearly US$1.3 billion loan, sealing what experts called one of the biggest real estate financing deals since the economic crisis began last fall.

June 29, 2009

Spring rebound in Canadian resale housing market

The Canadian resale housing market experienced a rebound in May, returning to pre-recession levels with an increase in transactions in some of the nation’s most expensive markets. According to the Canadian Real Estate Association, seasonally-adjusted home sales rose eight per cent to 37,649 units in May compared to April.

June 30, 2009

Western's school of business to get new home

The University of Western Ontario is poised to break ground this summer on a $100 million building to house the Richard Ivey School of Business. The project is the largest in the university’s history.

July 2, 2009

Aecon honours two 50-year veterans

When Everett McIntyre and Dave Mackey joined Aecon Group Inc. back in 1959, they never imagined they would still be there 50 years later.

July 2, 2009

Wind farm begins operations near Kingston, Ontario

Canadian Hydro Developers, Inc. says its 197.8 MW Wolfe Island wind facility has begun commercial operation. The second-largest wind facility of its kind in Canada, the Wolfe Island project was completed on schedule, with a total capital cost of approximately $478 million.

June 30, 2009

Provincial cabinet shuffle puts focus on HST

Premier Dalton McGuinty’s recent cabinet shuffle indicates a strong focus on the future implementation of the harmonized sales tax, says the Council of Ontario Construction Associations.

June 30, 2009

Who’s in charge of the global economy?

When it comes to global economic leadership these days, who is in charge? That’s no longer clear, Reed Construction Data chief economist Alex Carrick says in his latest economic report.

June 30, 2009

G8 summit brings investment to Ontario's near North

Tony Clement, minister of industry and MP for Parry Sound-Muskoka, kicked off the one-year countdown to the start of the G8 Summit and announced four new projects under the G8 Infrastructure Fund.

June 29, 2009

U.S. sees dip in construction costs

For the latest quarter ending April 2009, the overall Construction Cost Index (CCI) for the U.S. slipped into decline, according to new numbers from RSMeans, North America's leading supplier of construction cost information. The CCI dropped 2.0% quarter to quarter (January to April 2009), which translates to a 7.9% drop on an annualized basis.

July 2, 2009

Cautious optimism for Onatrio's new Tory chief

The election of Tim Hudak as new leader of the provincial Progressive Conservatives has been received with cautious optimism by some construction associations.

June 30, 2009

Construction in full swing at Park Place condos in Brampton, Ontario

Crews are above the 11th floor in the construction of the $27 million Park Place condominium project at 122 John Street in Brampton. Most trades have been awarded for the 230,000-square-foot building, which has been under construction since February 2008.

June 30, 2009

Economic benefits flow from Toronto's waterfront project

Investments made to date to revitalize Toronto’s waterfront are not only transforming the face of the waterfront, but have also led to important job creation and growth within the economies of Toronto, Ontario and Canada, according to a recently completed study commissioned by Waterfront Toronto.

July 3, 2009

MTO and Infrastructure Ontario issue RFQ for Windsor-Essex Parkway

The Ministry of Transportation and Infrastructure Ontario have released a request for qualifications (RFQ) to pre-qualify and shortlist teams to design, build, finance and maintain the proposed Windsor-Essex Parkway. The RFQ is the first step in the procurement process to select a team to design, build, finance and maintain the artery.

July 3, 2009

Operators back Ministry of Labour's crane safety blitz

A provincial blitz of central Ontario tower cranes has received the full support of the International Union of Operating Engineers (IUOE). The Ministry of Labour has announced it will have its inspectors blitzing construction sites in the Greater Toronto Area, York Region and Simcoe County where there are tower cranes and mast-climbing scaffolds.

July 3, 2009

Canadian Construction Association negotiating over CAD fees

At the recent CCA board meeting in Calgary, members of the standard practices committee agreed that contractors should not be required to pay for CAD (computer-aided design) files that are used in the preparation of shop drawings and as-built drawings.

July 3, 2009

The Trump Tower in Toronto

Conduit work continues on the Trump International Hotel and Tower at 325 Bay Street in Toronto, Ont.

July 2, 2009

Canadian Construction Association secures partial victory on vehicle-use tax

As a result of lobbying from the Canadian Construction Association, the federal government will allow a reduced benefit calculation on employer-provided vehicles. CCA president Michael Atkinson called the announcement "a bit of a surprise and good news."

July 3, 2009

Lethbridge, Alberta viaduct stands test of time

Not only is it the world’s longest and highest railway trestle, but it may be the toughest, too. There are no restrictions on the length or weight of the mile-long freight trains that roll across the Lethbridge Viaduct a dozen times a day, even though the bridge is preparing to celebrate its 100th birthday in September.

June 30, 2009

Manitoba launches women’s jail project

Justice Minister Dave Chomiak recently announced the start of construction on a new Manitoba provincial jail for women.

July 2, 2009

Canada unveils model Afghan village

Canada recently took the wraps off its “model village” project in southern Afghanistan. The project is important to Canada’s strategy of moving away from a hard-edged military role and toward one of aid and construction.