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- Upcoming TCA Events
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Provincial budget is good news for construction industry: RCCAO, ACEC, PCA
The Residential and Civil Construction Alliance of Ontario (RCCAO) says Tuesday’s provincial budget is a win for Ontario’s construction industry.
Budget 2024, Building a Better Ontario, is a plan to build critical infrastructure, recognizing that, building and maintaining critical infrastructure like roads, housing, transit, water and wastewater capacity is key to ensuring the province will continue to have a strong economy and high quality of life.
RCCAO also supports the Government of Ontario’s renewed commitment to building transformational transportation infrastructure projects, including Highway 413 and the Bradford Bypass.
Click here, to read the full news article.
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Construction employment dips in January
Canada’s employment ranks bumped upwards by 39,800 positions, or 0.2 per cent, in January, according to Statistics Canada in its latest Survey of Employment, Payrolls and Hours. On a year-over-year basis, payroll employment was up by 212,900 jobs, a gain of 1.2 per cent over January of 2023.
Construction employment fell on the opposite end of the ledger in January, however, as in construction decreased by 3,500 positions, or 0.3 per cent. The sector had gaind 1,400 positions in December 2023 and was little change in November. Payroll employment in the sector has generally trended down after reaching a peak in June, with a net loss of 8,800 positions from June 2023 to January 2024, a drop of 0.8 per cent.
Click here, to read the full news article.
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BuildForce forecasts strong ICI, residential growth for Ontario to 2029
Construction activity in both residential and non-residential sectors in Ontario is expected to be robust coming out of 2024 and the industry should see continuous growth through to the end of the decade says a new report from BuildForce Canada.
The 10-year forecast for Ontario released March 26 suggests the province’s non-residential sector will sustain the strong growth that began in 2016 until at least 2029, with growth fuelled by a long list of major projects in most regions of the province. Meanwhile, BuildForce said, residential building looks poised to emerge from the stagnancy caused by high interest rates and rising inflation to resume growth starting in 2025 as housing costs ease and population growth drives demand for additional housing.
Click here, to read the full news article.
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Canada’s construction sector poised for growth
Canada’s construction sector experienced a slight contraction in 2023, as growth in the non-residential sector was offset by a moderate decline in activity in the residential sector. Despite this trend, the industry continues to perform at an elevated level, and is poised to grow through 2033, reports BuildForce Canada.
The national industry-led organization that supports the labour market development needs of the construction and maintenance industry in Canada has released its 2024–2033 Construction and Maintenance Looking Forward national forecast. A key finding in the report is that activity in the residential and non-residential sectors will chart different courses across the short term.
Click here, to read the full news article.
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TPM Announces New Autodesk Buying Process
TPM, a 51-year-old technology company serving the Architecture, Engineering, Construction, and Manufacturing industries, announces major investments alongside Autodesk’s new buying process that will affect all customers.
Autodesk, a nearly 40-year-old partner of TPM’s, has announced a new way to buy for all commercial customers, effective June 10, 2024. In this new model, Autodesk users will still rely heavily on their partners, like TPM, for services, support, product roadmap guidance, and consulting, but they will transact all new and renewal licenses directly with Autodesk.
Click here, to read the full news article.
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Ontario advancing construction on the Eglinton Crosstown West Extension
Infrastructure Ontario (IO) and Metrolinx have issued a Request for Qualifications (RFQ) for the Stations, Rail and Systems (SRS) contract for the Eglinton Crosstown West Extension (ECWE).
The SRS contract includes the design and construction of all seven stations along the ECWE, as well as connecting the line to the existing Eglinton Crosstown LRT at Mount Dennis Station. Tunnelling work for the line began in 2022 with two tunnel boring machines (TBMs) digging east from the launch site near Renforth Drive to the extraction shaft at Scarlett Road.
Click here, to read the full news article.
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Aecon and Concordia University partner to research low-carbon construction materials
Aecon is pleased to announce a partnership with Concordia University in Montreal to research new low-carbon construction materials through a three-year Memorandum of Understanding.
Under the MOU, Aecon and Concordia’s research will focus on low-carbon concrete while exploring opportunities for pilot projects at Aecon’s Training and Innovation Centre in Holland Landing, Ontario.
Concordia is currently carrying out research for 36 projects funded through its Volt-Age applied research program – helping create solutions for a decarbonized future.
Click here, to read the full news article.
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Home Depot buying supplier to professional contractors in a deal valued at about $18.25 billion
Home Depot is set to acquire SRS Distribution, a professional materials provider, for about $18.25 billion, marking its largest purchase ever. This move significantly enhances Home Depot’s footprint in the professional builder and contractor sector, a strategic pivot as retail sales slow post-pandemic. The acquisition is seen as a major bet on the strained housing market, where a shortage of new homes has escalated prices. Home Depot’s expansion into this domain reflects a broader strategy to capture a larger share of the booming home improvement and construction market, anticipating a total addressable market of $1 trillion.
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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Advertise in Our Weekly Bulletin
Advertise your products and service in TCA's Weekly E-Connect bulletin. This email blast is sent to the members on Tuesday morning of each week. Please visit our website, or contact Vishawn Thompson for details.
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Dewson Architects is an award-winning firm in Toronto, committed to creating sustainable legacies, one building at a time. Designs seamlessly merge aesthetic sophistication with cutting-edge environmental practices. Renowned for its commitment to environmentally conscious design, the Dewson Architects team crafts bespoke buildings that prioritize energy efficiency, Passive House concepts and sustainable materials. With a focus on luxury and functionality, Dewson Architects create buildings that reflect individual tastes while minimizing environmental impact. Dewson Architects is a member of the Ontario Association of Architects (OAA), Royal Architectural Institute of Canada (RAIC), Canada Green Building Council (CaGBC), Passivehouse Canada, and Passive Buildings Canada, with LEED accredited professionals (LEED AP) and Certified Passive House Designers (CPHD).
Let’s plan your sustainable legacy together.
Sign up for our newsletter here by clicking the link below.
https://mailchi.mp/dewson/toronto-construction-association-sign-up
For more information visit http://www.dewson.com.
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TCA Members' Day: May 1, 2024 - Registration is now open
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**Please note that this is a members only event.** | |
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TCA's 29th Annual Members' Day will take place on Wednesday, May 1, 2024, at the TCA Head Office.
This event provides an exclusive platform to showcase your products/services and offers an excellent opportunity to reconnect and forge new relationships with fellow industry professionals.
To learn more, click here.
For more information, please contact: Nazak Ghobadi l 416-499-4000, x4106.
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SAVE THE DATE: TCA Annual Golf Day: May 9, 2024 - Registration Opening Soon
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Stay tuned for more details. | |
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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