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Construction costs up across North America
Over the past 12 months, (bid) construction costs have risen by 7.42 per cent in North America, says Rider Levett Bucknall (RLB) in its latest Quarterly Construction Cost Report (QCR). In Canada, costs in Toronto grew more than 13 per cent between October of 2020 and October of 2021. Further west, in Calgary, cost increases were north of 10 per cent.
The QCR provides a statistical view of the state of the construction industry, detailing indicative construction costs for eight building sectors.
Click here, to read the full news article.
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Eaton Centre’s galleria roof to undergo $60 million refurbishment
The CF Toronto Eaton Centre will undergo a $60 million refurbishment of its galleria skylight roof.
To improve energy efficiency, the existing glass will be replaced with the latest materials and technologies while maintaining its classic design esthetic, stated Cadillac Fairview (CF) in a recent release. Zeidler Architecture Inc. and Read Jones Christoffersen consulting engineers have been retained for the refurbishment and construction will be overseen by EllisDon Corporation.
Click here, to read the full news article.
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York Region approves $980 million capital budget and rapid transit infrastructure levy
York Regional Council has approved $980 million in capital costs in 2022 to support growth and maintain existing infrastructure in a state of good repair.
The budget introduces an incremental one per cent Rapid Transit Infrastructure Levy to help fund the region’s $1.12 billion portion of the Yonge North Subway Extension (YNSE). The incremental 1% will be added to the base budget, generating approximately $12 million in the first year. Development charges will also help fund the project.
Click here, to read the full news article.
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Chandos and Bird announce three-year strategic partnership
Chandos Construction and Bird Construction have entered into a three-year strategic partnership for the Building Good initiative. Established in 2021, Building Good is a thought leadership initiative that aims to catalyze owners and industry partners to change the way the architecture, engineering, and construction (AEC) industry designs and builds for the betterment of people and the planet. Through this partnership, Chandos and Bird will drive sustainable change through the promotion, discussion, and execution of Building Good’s three focus areas: industry transformation, equity and inclusion, and sustainability.
Click here, to read the full news article.
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Statistics Canada says economy added 55,000 jobs in December
The Canadian economy added 55,000 jobs in December before COVID-19 cases began spiking at the end of the month, Statistics Canada said Jan. 7. The agency said in its labour force survey that the increase in the number of people working came as the unemployment rate edged down to 5.9 per cent compared with 6.0 per cent in November.
It was the lowest unemployment rate since February 2020 before the pandemic when it was 5.7 per cent. The report was based on survey results done during the week of Dec. 5 to 11, before the public health restrictions put in place to slow the latest surge in COVID-19 cases.
Click here, to read the full news article.
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Infrastructure projects top $273B on 2022 Top100 Projects report
The 100 largest public sector infrastructure projects under development have reached $273 billion, according to ReNew Canada’s latest Top100 Projects report.
The annual Top100 Projects report features the 100 largest public sector infrastructure projects currently under development in the country. Projects are ranked based on their confirmed project cost (capital or total contracts), and must be in active procurement, assessment, design and/or construction. The projects must also have funding support before being included in the report.
Click here, to read the full news article.
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OPG stresses sustainability with mass timber HQ project
Given the ambitious goals contained in its Climate Change Plan launched in 2020, Ontario Power Generation (OPG) has no option but to aim high as it moves toward construction of its new low-carbon Ontario headquarters.
The new Clarington Corporate Campus building is slated for groundbreaking in 2022 with a 2024 target for completion. The campus is being designed as a low-slung mass timber structure with contractor Bird Construction given the mandate to optimize building performance and energy conservation.
Click here, to read the full news article.
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Understanding the Construction Labour Shortage | Where Do We Go From Here?
Across North America, the construction industry is struggling to bridge the gap between demand for building projects and a shortage of skilled trade workers needed to bring those projects to life.
For example, within the next five years, Canada will face a shortage of 10,000 workers in federally regulated Red Seal trades, while the 250 provincially regulated trades will see a worker shortage up to 10 times that amount. With approximately 700,000 skilled workers expected to retire by 2028, there will be nowhere near enough apprentices to fill the number of empty positions needed to maintain the workforce.
Click here, to read the full news article.
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TCA Member Spotlight
Get your company in front of like-minded industry colleagues and grow your network and business opportunities! Click here, to learn more and to complete the application form.
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Earthline Foundations & Shoring Ltd. celebrated its 10th anniversary in 2021 and is looking forward to another great year. Earthline Foundations & Shoring Ltd. offers geostructural contracting services such as drilled caissons, earth retention shoring, drilled shafts, soil anchors, and rock anchors.
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Exclusive Discount for TCA Members on publishing Certificates of Substantial Performance (CSPs) in the Daily Commercial News (DCN)! |
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All certificates and notices published in the Daily Commercial News (DCN) are a flat fee of $300 (plus tax). Special Affinity Pricing of $200 per certificate is available to all ConstructConnect subscribers and TCA members.
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Click on the image for more details.
**IMPORTANT: To apply the discount, please mention the offer at the time of order placement.**
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Jan. 18 – 20 | Tuesday - Thursday | 12:00 PM – 3:00 PM EST (1 Gold Seal Credit)
Jan. 18, 25 & Feb. 1 | Tuesday | 1:00 PM – 4:00 PM EST
Jan. 19 | Wednesday | 1:00 PM – 4:00 PM EST
Jan. 21, 28, Feb 4 & 11 | Friday | 1:00 PM – 5:00 PM EST
Jan. 24 & 25 | Monday & Tuesday | 1:00 PM – 4:00 PM EST
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Faith Chen, Senior Manager, TCIC/Professional Development
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