PBO: Canada not on track to meet housing needs by 2035

Key Takeaways:

  • Canada will add about 2.5 million housing units by 2035, but an additional 690,000 units are needed to close the national housing gap — requiring 3.2 million completions in total.
  • To meet that target, the country would need to build an average of 290,000 homes per year, surpassing the record 276,000 completions of 2024 for 11 consecutive years.
  • Suppressed household formation — people delaying moving out due to affordability challenges — is projected to reach 714,000 by 2035, underscoring the depth of unmet demand in the housing market.

The Whole Story:

Canada will fall well short of the housing it needs by 2035, according to a new report from the Parliamentary Budget Officer.

The analysis projects that while 2.5 million new homes are expected to be built over the next decade, an additional 690,000 units would be required to close the housing gap and restore vacancy rates to historical norms.

That means Canada would need 3.2 million net new homes by 2035 — an average of 290,000 completions annually. Meeting that target would require builders to surpass the record 276,000 completions of 2024 every year for 11 straight years.

“Based on our estimates, the projected pace of construction will not be sufficient to eliminate the housing gap,” the report stated.

The PBO defines the gap as the number of homes required to meet demographic demand, account for “suppressed” household formation — people delaying moving out due to affordability — and return the vacancy rate to its 2000–2019 average of 6.4 per cent. The office projects that suppressed household formation alone will reach 714,000 by 2035.

The report comes as Ottawa faces mounting pressure over the housing crisis. Immigration policy changes introduced last year will slow household formation, but even with completions running above average, supply will not keep up with underlying demand.

The findings also highlight differences with Canada Mortgage and Housing Corp., which earlier this year pegged the housing shortfall at 2.6 million units. CMHC’s calculation is tied to affordability goals, while the PBO’s is based on balancing supply and demand through vacancy rates.

The budget officer cautioned that simply building more homes will not be enough to address affordability pressures everywhere. Regional disparities, income growth, interest rates and the types of homes built will also play a role in determining how effective new supply is at easing the crisis.

Another podcast? We can hear the groaning already. But hear us out. Rather than hours and hours of longform interviewing, our team is focused on equipping builders with information and insights they need to succeed.

That’s why on our Digging In podcast channel we have introduced a weekly, shortform podcast that boils all the biggest industrial headlines down into roughly 10 minutes of insights builders need to know. SiteNews editor Russell Hixson, who has been covering Canada’s construction sector for more than a decade, is your host, giving you the context behind the headlines so you can show up on site up to speed.

“There are many longform industry podcast right now with invaluable information, but what if you just want to know what is going on in the construction world? Digging In fills that gap. Builders don’t always have time to sift through all the headlines and make sense of what is happening. But we do,” said Hixson.

New episodes drop every Monday. Subscribe to Digging In on Spotify. But don’t worry iPhone users. We are coming to Apple Podcasts soon.

This week we break down the lifting of reciprocal tariffs with the U.S., major contracts awarded for Volkswagen’s $7-billion EV battery plant in Ontario, and Ontario’s $75-million investment in training thousands of new tradespeople and urban planners. We also cover two massive business moves shaking up the industry—ITC’s acquisition of Farmer Construction and Lowe’s $8.8-billion deal for Foundation Building Materials.

Key Takeaways:

  • Alberta Utilities Commission grants approval of the Need Assessment Application for the Yellowhead Pipeline Project
  • Progressing this strategic energy infrastructure represents a key milestone in ATCO’s growth strategy across energy, housing and defence.
  • The project is expected to create 2,000 direct jobs and supports an average of 12,000 jobs annually through related downstream investments. Once operational, the downstream investments are estimated to contribute $3.9 billion* annually to Alberta’s GDP.

The Whole Story:

ATCO Ltd. says its utilities subsidiary has cleared a major hurdle in advancing the proposed Yellowhead Pipeline Project in Alberta.

The company announced Monday that the Alberta Utilities Commission (AUC) has approved Canadian Utilities Ltd.’s Need Assessment Application, the first of two major regulatory approvals required for the 230-kilometre natural gas pipeline.

The project would run from the Peers area to Fort Saskatchewan, delivering more than 1,200 terajoules — or about 1.1 billion cubic feet — of natural gas per day. ATCO says the expansion is intended to bolster Alberta’s transmission system and support future economic and population growth.

“This Alberta Utilities Commission decision affirms the strategic importance of the Yellowhead Pipeline in supporting Alberta’s long-term energy resilience,” said ATCO chair and CEO Nancy Southern in a statement.

Canadian Utilities plans to submit a separate facilities application later this year to seek AUC approval for construction and operation of the infrastructure. If approved, construction is expected to begin in 2026.

ATCO, which has about 21,000 employees worldwide and assets of $27 billion, operates across energy, housing, security and transportation sectors. Its Canadian Utilities subsidiary delivers electricity and natural gas transmission and distribution through ATCO Energy Systems.

Key Takeaways:

  • PowerCo Canada has awarded major construction contracts to Steelcon Group of Companies and Magil Construction Canada for its $7-billion St. Thomas gigafactory, the largest electric vehicle battery plant in Canada.
  • The project will generate thousands of jobs, with Steelcon employing more than 500 Canadian workers and Magil undertaking one of the largest foundation packages ever awarded in Southwestern Ontario.
  • Once complete, the facility will produce enough battery cells to power up to one million electric vehicles annually, marking a cornerstone in Volkswagen’s North American battery strategy.

The Whole Story:

PowerCo Canada has awarded two major construction contracts for its $7-billion electric vehicle battery plant in St. Thomas, Ont., a project billed as the largest of its kind in Canada.

The Volkswagen subsidiary said Thursday that Steelcon Group of Companies will handle structural steel work, while Magil Construction Canada Inc. has secured the foundations contract. The work includes one of the biggest foundation packages ever awarded in Southwestern Ontario, covering three buildings across 850,000 square feet.

“We are proud to partner with PowerCo Canada to build the St. Thomas gigafactory, a project that embodies the future of Canadian industry,” said Danny Bianco, President at Steelcon Group of Companies. “Our team of skilled Canadian fabricators is ready to deliver, and we are especially proud to contribute to a project that will support significant local employment and drive economic growth here in Ontario.”  

PowerCo says the first concrete pour will involve more than 32,500 cubic metres of concrete and 500,000 square feet of formwork, with physical construction set to begin in the coming weeks. The factory will eventually produce enough battery cells to power up to one million electric vehicles a year.

“Magil Construction has a nearly 80-year legacy of building with vision, and we are thrilled to bring that expertise to such a landmark project in St. Thomas,” said Paul Henke, President at Magil Construction Canada Inc. “Our commitment to working with local trades and suppliers means this project will be built by the community, for the community, laying the groundwork for economic prosperity and job creation across Southwestern Ontario.”

Frank Blome, CEO of PowerCo SE, called the facility a “cornerstone” in building a global battery business in both Europe and North America, while St. Thomas Mayor Joe Preston said the project will be a “game-changer” for the region.

The company says the development will generate thousands of direct and indirect jobs, including construction roles, supplier opportunities and local business growth. Steelcon plans to employ more than 500 Canadian workers, with 30 from the London and Southwestern Ontario region.

PowerCo Canada was established in 2022 to oversee Volkswagen’s battery operations in North America. The St. Thomas facility will be its third and largest project worldwide.

Canada’s skyline is being shaped by some of the world’s most inventive architectural minds, and in this video, we’re highlighting seven firms that are redefining the country’s built environment. From sustainable mass timber innovations to culturally grounded Indigenous design, these studios are creating spaces that are not only visually striking but socially and environmentally meaningful. Join us as we explore the groundbreaking projects and award-winning work of Michael Green Architecture, 5468796 Architecture, RDH Architects, Revery Architecture, Hariri Pontarini Architects, Two Row Architect, and Formline Architecture.

Transcript:

Architecture is hard. Luckily for Canada, there are much better minds than mine who are helping shape our skylines. I’ll keep practicing, but in the meantime, let’s check out 7 amazing firms creating Canada’s architectural marvels. 

Michael Green Architecture (MGA) is a Vancouver-based firm led by Michael Green and Natalie Telewiak, internationally recognized for its expertise in mass timber and sustainable design. The firm’s groundbreaking projects include the T3 Minneapolis office building, Ronald McDonald House in B.C., and leading Canada’s effort to create 50 standardized housing designs. MGA is a global leader in tall wood innovation, and its work has earned over 50 international awards.

5468796 Architecture, founded in Winnipeg in 2007, is known for its inventive, often sculptural approaches to multi-family housing. Signature projects include the OMS Stage, Bloc_10, and the award-winning YouCube development. Their adaptive reuse of a 1906 pumping station into the Pumphouse residential project exemplifies their bold design ethos. The firm has received several Governor General’s Medals in Architecture and was a finalist for the prestigious Mies Crown Hall Americas Prize.

RDH Architects is a Toronto-based studio with roots dating back to 1919. Once a traditional practice, it has transformed into a modern design powerhouse known for civic buildings such as the Waterdown Library and Civic Centre, Mount Dennis Library, and North York Central Library. RDH has won more than 70 major design awards, including four Governor General’s Medals and multiple OAA Design Excellence Awards.

Revery Architecture, formerly Bing Thom Architects, is a Vancouver-based global firm acclaimed for dramatic, community-centered cultural spaces. Their standout works include the Xiqu Centre for Chinese Opera in Hong Kong, Surrey City Centre Library, and the Chan Centre for the Performing Arts. With a reputation for blending form, function, and social purpose, Revery has earned the RAIC Gold Medal and numerous international accolades, continuing Bing Thom’s legacy of architectural storytelling.

Hariri Pontarini Architects is a Toronto-based studio founded in 1994 by Siamak Hariri and David Pontarini, known for designing emotionally resonant spaces across sectors. The firm’s global landmark Bahá’í Temple of South America received the RAIC International Prize, while Canadian projects like the Richard Ivey Building at Western University and the McKinsey & Company Toronto Office showcase its elegant, humanist approach. 

Two Row Architect is a 100% Indigenous-owned firm based in Six Nations of the Grand River, Ontario, established in 1992. Led by Brian Porter, the firm is dedicated to designing spaces rooted in Indigenous knowledge and traditions, with projects such as the Seneca College Indigenous Centre, Mohawk College’s Indigenous Gathering Place, and Cayuga Grand Vista. Its culturally attuned practice has earned national recognition for advancing Indigenous design in Canada’s built environment.

Formline Architecture, founded by Alfred Waugh in West Vancouver, is known for environmentally conscious, culturally grounded architecture that elevates Indigenous narratives. Signature projects include the Indian Residential School History and Dialogue Centre at UBC and the Snuh-NAY-mow-wuh First Nation Youth Centre. With a focus on expressive wood construction and sustainable design, Formline has received numerous honors including an RAIC Governor General’s Medal and the Wood Design Award for Institutional Wood Design.

All that research has inspired me to give my masterpiece another go. Perfect! See you all next time.”

Canada’s military is in the middle of one of its largest infrastructure and fleet renewal efforts in decades. Backed by tens of billions in federal funding, the Department of National Defence is rolling out a wave of projects that range from new Arctic facilities and modernized bases to some of the largest naval vessels ever built in the country.

For the construction sector, these initiatives represent more than just defence policy—they mean complex builds, long-term contracts, and opportunities to deliver everything from advanced shipbuilding to housing for military families. Here’s a look at the biggest projects currently reshaping Canada’s defence landscape.

CFB Trenton – Strategic Tanker Transport Capability (STTC) Upgrades

A major $850 million upgrade is underway at CFB Trenton to prepare it as the Eastern Main Operating Base for Canada’s new CC-330 Husky fleet. Announced in July, the project will expand air-to-air refuelling, strategic airlift, and aeromedical operations, making Trenton one of the most critical hubs in the Royal Canadian Air Force network. The first phase of construction, expected to continue into 2026, includes resurfacing the existing runway, aprons and taxiways. Preparations are also underway for the construction of a new two-bay hangar, training facility, fuel depot, and ramp extension. All required construction for the project, including fuelling and defuelling infrastructure, training facilities, and cargo and passenger processing infrastructure is anticipated to be completed by 2033.

Canadian Forces Housing Agency Residential Housing Units

To address chronic housing shortages for military families, DND is constructing 668 new Residential Housing Units (RHUs) and renovating more than 600 existing ones across multiple bases nationwide. Announced in January, the program will roll out over the next five years, beginning with new housing projects at CFB Borden. The new RHUs will include a mix of housing types, such as multi-unit buildings, row houses and semi-detached units. The work is part of a broader $1.4 billion investment over 20 years for housing projects to support the men and women of the CAF.

NORAD Modernization Program

Canada has committed $38.6 billion over 20 years to modernize the North American Aerospace Defense Command. The program will overhaul radar, communications, and surveillance systems across the Arctic and northern regions, representing the most significant investment in continental defence in decades. The plan is focused on five interconnected priorities: upgrading surveillance systems to detect threats earlier and with greater precision; enhancing technology to communicate threats swiftly to decision-makers; modernizing air weapons systems; investing in infrastructure and support capabilities to sustain a strong military presence nationwide; and future-proofing continental defence through continued investments in science and technology.

River-Class Destroyers

As part of Canada’s National Shipbuilding Strategy, work is underway on up to 15 new River-class destroyers. The project, officially valued at around $60 billion but projected by independent analysts to potentially cost much more, represents the largest fleet renewal in Canadian history. The River-class ships will replace the Navy’s retired destroyers and aging Halifax-class frigates with advanced multi-role warships equipped for air defence, anti-submarine warfare, and modern combat operations, ensuring the Royal Canadian Navy can meet evolving global and domestic demands.

Protecteur-Class Joint Support Ships

Seaspan Shipyards in Vancouver is constructing two Protecteur-class replenishment vessels to replace the retired auxiliary oiler fleet. These 173-metre, 20,000-tonne ships are the largest naval vessels ever built in Canada on the West Coast, designed to carry fuel, ammunition, spare parts, and other supplies to extend the range and endurance of the Royal Canadian Navy. They will also feature hospital facilities and the ability to support disaster relief and humanitarian missions. The first vessel, HMCS Protecteur, is scheduled for delivery in late 2025, followed by HMCS Preserver in 2027.

Polar Icebreaker Project

Canada is building two new heavy polar icebreakers—one at Seaspan Shipyards in Vancouver and another at Davie Shipbuilding in Quebec—in a program valued between $7.5 billion and $8.5 billion. The first vessel, the CCGS Arpatuuq, is under construction at Seaspan and is expected to be delivered by 2030. The second, the CCGS Imnaryuaq, is being built by Chantier Davie Canada Inc. in collaboration with Helsinki Shipyard and is slated for delivery by 2032. These vessels will significantly enhance Canada’s Arctic operational capacity, supporting sovereignty, scientific research, and year-round maritime navigation. The project is part of the Icebreaker Collaboration Effort (ICE Pact), a trilateral partnership between Canada, Finland, and the United States aimed at strengthening Arctic capabilities amid increasing geopolitical tensions and climate change impacts in the region.

Nanisivik Naval Facility

Located in Nunavut, the Nanisivik Naval Facility has been under development for over a decade and is expected to finally become operational in 2025. Designed as a refuelling and logistics hub for Arctic patrols, the project strengthens Canada’s ability to operate in the High North.

Key Takeaways:

  • ITC Construction Group has acquired Farmer Construction, expanding its presence in B.C. and strengthening its reach into the Vancouver Island market.
  • Farmer Construction, founded in 1951, will continue operating under its existing leadership and staff while gaining access to ITC’s resources and support.
  • ITC says the acquisition reflects its strategy of “growing with purpose” by partnering with companies that share its values of quality, integrity and community-building.

The Whole Story:

ITC Construction Group has acquired Farmer Construction, a long-standing Vancouver Island builder with more than 70 years of experience in the industry.

The deal expands ITC’s footprint in B.C., where it specializes in high-rise residential and mixed-use developments. Farmer, founded in 1951, is known for its commercial, institutional and residential projects across the Island.

ITC president Brad Burnett said the move reflects the company’s focus on “growing with purpose” and aligning with firms that share its values.

“Farmer Construction has a remarkable legacy, we are honoured to be able to support their mission and growth into the future,” he said in a statement.

Farmer will continue to operate under its current leadership and staff, while gaining access to ITC’s resources and support. Both companies emphasized that the acquisition will provide continuity for clients while creating opportunities for expansion.

Founded in 1983, ITC has delivered numerous high-rise and mixed-use projects in B.C. and beyond, and has emphasized sustainability and community-focused construction through its Building Communities initiative.

The acquisition is part of ITC Group’s recent expansion initiatives, including the opening of a Toronto office and the integration of a team in Victoria, complementing its existing presence in Vancouver, Calgary and Edmonton. With over 70 years of experience, Farmer will enhance ITC Group’s ability to deliver large-scale projects across Western Canada.

Farmer Construction boasts a portfolio of remarkable and award-winning projects. They led the development of the Poet’s Cove Resort on Pender Island, earned acclaim for their innovative FP Innovations wood-laboratory at UBC, and restored the heritage Young Building at Camosun College—receiving multiple heritage awards. They also were involved in the reconstruction of the Vancouver Island Regional Correctional Centre.

Farmer Construction recently broke ground on Harris Green Village, the largest housing project in Victoria ever. It includes two residential towers, a six storey podium, community amenities and more. Other current projects include Claude Residences, Spencer Block and 1901 Jerome.

Farmer Construction describes itself as a traditional contractor, not simply a “broker”.

“We have the knowledge and experience to work cooperatively with an owner’s consultant and architect from project conception to completion proposing cost saving options where available while retaining the project’s original vision,” says the company website. “We use our own skilled trades labour to better control the critical path of the project schedule and quality of work.”

ITC itself is no stranger to acquisitions. In July 2022, Pomerleau completed the largest acquisition in its history by purchasing ITC. The strategic move significantly expanded Pomerleau’s coast-to-coast reach and residential construction capacity, backed by $150 million investment from the Caisse de dépôt et placement du Québec (CDPQ), which helped fuel the acquisition and supported the company’s pan-Canadian growth ambitions.

Farmer Construction and ITC break ground on Harris Green Village in Victoria, B.C. – Farmer

Key Takeaways:

  • Ontario is replacing its fixed cost-per-bed funding model with a new percentage-based Capital Funding Program that will cover up to 85 per cent of eligible construction costs, with funding levels tailored to regional conditions.
  • The program is intended to speed up long-term care construction across the province, particularly in areas such as the Greater Toronto and Hamilton Area and northern Ontario that face higher costs and labour shortages.
  • The first major project under the program is the redevelopment of Maxville Manor in Eastern Ontario, which will expand to 160 beds with modern amenities and is expected to open in 2027.

The Whole Story:

The Ontario government is introducing a new funding program aimed at building long-term care homes more quickly in regions facing labour shortages, high land costs and supply chain challenges.

The Capital Funding Program (CFP) replaces the province’s cost-per-bed funding model with a flexible system that will cover up to 85% of eligible construction costs, depending on location. Not-for-profit operators will receive money earlier in the process, while hospitals and Indigenous operators will be able to access their entire allocation during construction.

Long-Term Care Minister Natalia Kusendova-Bashta said the shift is designed to address regional cost pressures and help Ontario meet its goal of adding 58,000 new and upgraded long-term care beds.

“As Ontario ages, we need to build long-term care homes faster, smarter and in the places that need them most,” she said.

The program’s rollout coincides with the redevelopment of Maxville Manor, a long-term care home in Eastern Ontario that is renovating 122 existing beds and adding 38 new ones. The $160-bed facility will include new amenities such as a dining room, spa, multipurpose room and outdoor spaces, and is expected to open to residents in 2027.

As of July, the province said 148 projects representing more than 24,000 new and redeveloped beds are either completed, under construction or approved. The government added that nearly four hours of direct daily care per resident is now being provided across Ontario, a benchmark it set under its Fixing Long-Term Care Act, 2021.

MPP Stéphane Sarrazin, whose Glengarry—Prescott—Russell riding includes Maxville Manor, called the project “an important investment in the health and well-being of our seniors,” while local officials described it as critical to meeting growing demand for long-term care in the region.

Key Takeaways:

  • The Ontario government is investing $75 million to create nearly 8,000 new post-secondary training spots in construction trades and urban planning by 2028.
  • The funding will add 7,500 seats at colleges and Indigenous Institutes for skilled trades programs and 300 seats at universities for graduate-level planning programs.
  • The investment is part of Ontario’s $200-billion infrastructure plan and aims to address labour shortages while protecting jobs amid U.S. tariffs and global economic uncertainty.

The Whole Story:

The Ontario government says it will spend $75 million to train nearly 8,000 additional students for careers in construction and urban planning, part of its wider push to support a massive infrastructure build-out across the province.

The funding will add up to 7,500 new seats in college and Indigenous Institute programs such as welding, carpentry and renovation techniques, while about 300 graduate-level spots will be created at universities to train more land use and urban planners by 2028.

“Our government has bold plans to build the Ontario of tomorrow, and it is critical that we have the homegrown, highly skilled workers to get it done,” Colleges and Universities Minister Nolan Quinn said Tuesday in Whitby.

Labour Minister David Piccini said the additional training capacity will help Ontario prepare for the province’s $200-billion, 10-year infrastructure plan, which includes new housing, highways, hospitals and schools. “Each of these additional seats will help ensure Ontario workers can land better jobs with bigger paycheques,” he said.

Colleges receiving funding include Durham, George Brown, Humber, Centennial, Conestoga, Fanshawe and Niagara, as well as Cambrian, Confederation, Collège Boréal, La Cité, Fleming, Georgian and Kenjgewin Teg, an Indigenous Institute. Universities set to expand graduate planning programs are Queen’s, Toronto Metropolitan, Guelph, York and Waterloo.

Durham College president Elaine Popp said the investment will “prepare career-ready graduates who will help meet Ontario’s housing and infrastructure needs.”

The province says the move will help safeguard Ontario jobs amid uncertainty caused by U.S. tariffs and global economic conditions.

According to government figures, Ontario’s post-secondary institutions currently offer about 240 construction-related programs, while six universities run accredited graduate-level planning programs.

The funding comes weeks after the province announced $260 million for the next round of its Skills Development Fund, which the government says has trained more than one million workers since 2021.

Key Takeaways:

  • Lowe’s Companies Inc. has agreed to acquire Foundation Building Materials (FBM) for US$8.8 billion in cash, a move aimed at expanding its services for professional contractors in North America.
  • FBM, which operates more than 370 locations in Canada and the United States, generated about US$6.5 billion in revenue in 2024 and will continue to be led by its current president and CEO, Ruben Mendoza.
  • The acquisition, expected to close in late 2025 pending regulatory approvals, will be financed through a mix of short- and long-term debt and is projected to boost Lowe’s earnings in its first full year after closing.

The Whole Story:

Lowe’s Companies Inc. says it has reached a deal to acquire Foundation Building Materials (FBM) in a transaction valued at about US$8.8 billion.

FBM distributes drywall, ceiling systems, insulation, metal framing and other interior construction materials to large residential and commercial contractors. The company operates more than 370 locations across the United States and Canada, serving roughly 40,000 professional customers.

In 2024, FBM reported about US$6.5 billion in revenue and US$635 million in adjusted earnings before interest, taxes, depreciation and amortization.

Lowe’s says the purchase will expand its offerings for professional contractors, a key growth area for the home improvement retailer. The North Carolina-based company has been working to build out its so-called “Total Home” strategy, which includes faster fulfillment, more digital tools, enhanced trade credit options and stronger cross-selling opportunities.

“This acquisition allows us to serve the large Pro planned spend within a US$250-billion total addressable market and aligns perfectly with our Total Home strategy,” Lowe’s chairman and chief executive Marvin Ellison said in a statement.

FBM president and CEO Ruben Mendoza said joining Lowe’s will allow the company to accelerate growth while continuing to provide service to professional contractors. Mendoza and his senior leadership team will stay on following the deal.

Lowe’s will pay cash for the acquisition and has secured US$9 billion in bridge financing from Bank of America and Goldman Sachs. The company says it expects to use a mix of short- and long-term debt to finance the purchase while maintaining its credit ratings.

The transaction, subject to regulatory approvals and closing conditions, is expected to close in the fourth quarter of 2025. Lowe’s says it expects the deal to be accretive to adjusted diluted earnings per share in the first full year after closing.

Weldco Heavy Industries acquired by PFM, McKay Métis Group

PFM Capital Inc. and McKay Métis Group have completed the acquisition of Weldco Heavy Industries, a steel fabrication and repair facility specializing in heavy mining equipment for the Athabasca Oil Sands. Founded in 2009, WHI operates a 60,000-square-foot facility in the Fort MacKay Caribou Energy Park, providing haul truck box and shovel refurbishments, large-scale steel repairs, and assembly projects. The company’s senior management team will remain in their roles to ensure continuity during the transition.

Lowes to acquire FBM for US$8.8B

Lowe’s Companies Inc. has struck a deal to buy Foundation Building Materials (FBM) for US$8.8 billion in cash, expanding its reach in the professional contractor market across North America. FBM, a distributor of drywall, insulation, ceiling systems and other building products, operates more than 370 locations in Canada and the U.S. and reported about US$6.5 billion in revenue in 2024. Lowe’s says the acquisition, expected to close in late 2025 pending regulatory approvals, will strengthen its “Total Home” strategy, enhance services for professional customers and be accretive to earnings in its first full year after completion.

J.S. Held expands with GHL Consultants purchase

J.S. Held, a US-based technical and forensic advisory firm, has acquired GHL Consultants Ltd., a Vancouver-based fire engineering and building code consulting firm. Founded in 1992, GHL has 48 employees and specializes in building code compliance, fire engineering solutions, wood fire safety, transportation advisory, and legal and forensic services. The acquisition expands J.S. Held’s Canadian presence, following earlier purchases of Montreal-based Technorm and other Canadian firms including Frostbyte Consulting and Examine Construction Consultants.

Crewscope raises $1M in pre-seed funding

Crewscope, a Toronto-based startup, has raised over $1 million in pre-seed funding to accelerate development of its field operations AI software for construction and industrial teams. Led by Groundbreak Ventures with strategic partnership from EllisDon, the platform helps crews align weekly goals with critical path schedules and provides real-time progress updates. The company reports customers have achieved up to 10% gains in labor productivity and improved forecast accuracy across projects with leading developers, contractors, and mining operations.

Swift Supply acquires Platinum Valve Solutions

Swift Supply has acquired Platinum Valve Solutions, a Western Canada–based company specializing in valve products and technical support for the energy sector. Platinum Valve will continue to operate under its existing name as a division of Swift Supply. The acquisition expands Swift’s presence in Western Canada and adds to its range of products and services, which include pipe, valves, fittings, actuation, and valve servicing. Swift Supply, a privately owned Canadian distributor with 21 branches nationwide, said the move strengthens its ability to support customers across the energy industry.

Nelson Roofing & Sheet Metal partners with Parcel B

Nelson Roofing & Sheet Metal Ltd has successfully partnered with Parcel B Limited in a transaction advised by MNP Corporate Finance. The partnership allows Nelson Roofing’s shareholders to implement their succession strategy while preserving company culture and ensuring continued growth. The deal represents a strategic move for the British Columbia-based roofing and sheet metal company to secure its long-term success under new ownership structure.

Aecon acquires Bodell Construction Company

Aecon Group Inc. has acquired Bodell Construction Company, an industrial construction company headquartered in Salt Lake City, Utah. Founded in 1972, Bodell is a privately-owned, non-union company with approximately 150 employees specializing in oil and gas, mining, water and wastewater, and power generation projects across the Western and Southern U.S. The acquisition strengthens Aecon’s core industrial capabilities, increases recurring revenue, and positions the company for expansion in key U.S. sectors and target markets.

NACG secures $2B contract in Australia

North American Construction Group Ltd. has secured a $2-billion, five-year contract extension in Queensland, Australia, marking the largest signed contract in the company’s history. The MacKellar Group, NACG’s wholly owned subsidiary, will provide mine services to an existing coal producer client through April 2030. This extension increases the company’s total contractual backlog to a record $4.0 billion, with Australian operations alone contributing $3.0 billion, providing full revenue visibility through 2029.

Blackstone now majority owner of Enverus

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Blackstone announced it has reached a definitive agreement to acquire Enverus, a Texas-based energy data analytics and software company, from Hellman & Friedman and Genstar Capital. Founded in 1999, Enverus provides real-time analytics and insights to more than 8,000 customers across 50 countries, including most major U.S. energy producers and tens of thousands of suppliers. The deal, which underscores Blackstone’s focus on investments tied to energy transition and rising electricity demand, is expected to close by the end of the year pending customary approvals. Terms of the transaction were not disclosed.

Chartwell Resource Group merges DWB Consulting Services

Chartwell Resource Group Ltd. has merged with DWB Consulting Services Ltd., a portfolio company of CAI Capital Partners. Fort Capital Partners acted as financial advisor to Chartwell in the transaction. The deal brings together two consulting services companies, with Fort Capital facilitating the strategic combination that positions the merged entity for enhanced market presence and expanded service capabilities.

Saint-Gobain buys business assets of Interstar Materials

Saint-Gobain Group has acquired the business assets of Interstar Materials Inc., a North American manufacturer specializing in construction chemicals and decorative concrete products. The acquisition marks Saint-Gobain’s entrance into granular pigments for concrete and follows recent acquisitions of Chryso in 2021 and GCP Applied Technologies in 2022. Interstar will continue operating from its headquarters in Sherbrooke, Quebec, plus facilities in Calgary, Alberta and Junction City, Illinois, with Saint-Gobain welcoming 55 new employees while maintaining the Interstar brand.

Tomlinson Group takes over Loyalist Quarry

Tomlinson Group has announced it is now operating the Loyalist Quarry in Odessa, Ontario, following its 2024 purchase of the property. This strategic addition strengthens the company’s network and enhances its ability to serve customers along the 401 corridor. As part of the Kingston community, Tomlinson Group emphasizes its commitment to growing with purpose and contributing meaningfully to the local area.

QuadReal acquires U.K. student housing portfolio

QuadReal Property Group has acquired an eight-asset, 3,460-bed purpose-built student accommodation portfolio in the U.K. from funds managed by Apollo Global Management for over $913 million. The Vancouver-based real estate investor targeted key markets including London, with six of the eight properties located within Russell Group universities. All buildings were developed within the last five to seven years and feature modern amenities including gyms, co-working spaces, and common areas. The acquisition aligns with QuadReal’s fundamentals-driven residential strategy in Europe, capitalizing on structural undersupply and growing student populations.

Heidelberg acquires BURNCO’s Edmonton assets

Heidelberg Materials North America has entered into a binding purchase agreement to acquire the assets of BURNCO Rock Products Ltd in Edmonton, Alberta. The transaction includes six aggregates sites, two asphalt plants, one bitumen storage terminal, three ready-mixed concrete plants, and one rail-served cement terminal in the Edmonton area, employing 200 people. The acquisition of the fifth-generation family-owned construction materials company is expected to be completed by end of 2025, subject to regulatory approval, and will significantly expand Heidelberg Materials’ aggregates business in the attractive Edmonton market.

Stack Modular expands into Australia

Stack Modular is expanding into Australia, targeting the country’s ambitious housing goals driven by the Brisbane 2032 Olympic Games. With Australia facing a target of 1.2 million new homes by 2029 and a shortfall of 130,000 construction workers, the company sees significant opportunity in the growing prefab sector projected to reach USD 10.8B in 2025. Stack Modular brings 14+ countries of delivery experience and 120,000 sq. ft. of manufacturing capacity to support Olympic-scale growth with 30% faster construction timelines.

BGC Engineering opens Whitehorse office

BGC Engineering Inc. has opened a new office in Whitehorse, Yukon, marking the company’s expansion into northern Canada. Led by Aaron Weber, P.Eng., P.E., the office strengthens BGC’s commitment to northern communities and deepens local partnerships. The Whitehorse location will provide geotechnical expertise and support existing and new clients with critical applied earth science challenges in the region, bringing the company closer to projects they have previously supported from afar.

CRH buys Eco Material Technologies

CRH, a global building materials provider, announced it will acquire Eco Material Technologies, a leading North American supplier of supplementary cementitious materials, for $2.1 billion. The deal, expected to close in 2025 pending regulatory approval, secures long-term access to critical cementitious products, expands CRH’s distribution and innovation capabilities, and strengthens its position in modernizing North America’s infrastructure. Eco Material, based in Utah, processes and recycles millions of tons of fly ash, synthetic gypsum, and other materials annually, and will continue to operate under its name as part of CRH.

Kode takes over PG Ready Mix assets to launch concrete division

Kode Contracting Ltd. has acquired the assets of former PG Ready Mix, launching a new division called Kode Concrete. Operating from 666 N Nechako Rd, the expansion strengthens the company’s ability to serve communities and clients across Northern BC. As the company celebrates 60 years in business, this milestone reflects their continued commitment to integrity, reliability, and excellence in construction services.

Key Takeaways:

  • The City of Calgary has launched a $30 million program, Maa’too’maa’taapii Aoko’iyii’piaya, to support Indigenous-led non-market housing, with the goal of creating 150 to 350 new units.
  • Indigenous people represent just 3% of Calgary’s population but account for over 41% of those experiencing homelessness, highlighting the urgent need for culturally safe and affordable housing options.
  • The program, developed in collaboration with Indigenous Elders, provides both planning grants and construction funding, ensuring housing is designed, delivered, and owned by Indigenous communities themselves.

The Whole Story:

The City of Calgary has launched a $30 million program to support Indigenous-led housing projects, marking its first initiative built on the principle of “For Indigenous, By Indigenous.”

The program, called Maa’too’maa’taapii Aoko’iyii’piaya — which means “Indigenous First Nation Housing” in Blackfoot — is expected to create between 150 and 350 new non-market housing units. It was developed in collaboration with the Housing Solutions Elders Advisory Committee and officially launches Aug. 25.

City officials said the initiative is designed to address systemic barriers Indigenous communities face in accessing housing, land, and capital. Indigenous people account for just 3% of Calgary’s population but make up more than 41% of those experiencing homelessness, according to city data.

“Through this program, The City is taking practical, resourced action, placing trust, funding, and decision-making power into the hands of Indigenous communities themselves,” Mayor Jyoti Gondek said in a statement.

The funding will be distributed through two streams: up to $150,000 over two years for engagement and planning activities, and contributions covering up to 40% of capital costs for construction of Indigenous-led housing developments.

City Chief Housing Officer Reid Hendry said the program aims not only to increase housing supply but also to ensure it is “designed, delivered, and owned by and for Indigenous Peoples, ultimately redefining what housing can look like when it is rooted in Indigenous knowledge, values, and self-determination.”

More than 3,800 Indigenous households in Calgary are considered in housing need, with many earning less than $20,000 annually and requiring rent below $500 per month to be affordable. Community leaders said the program responds to urgent needs while promoting culturally safe housing.

“Our people need housing that is affordable, places where we can be safe, where families can stay together, and where we can heal,” said Jackie Bromley of the Kainai Nation, a member of the Elders Advisory Committee who helped gift the program’s name in ceremony.

The city said the program aligns with its Indigenous Policy, housing strategy for 2024–2030, and other frameworks aimed at reducing inequities through Indigenous-led solutions.

Key Takeaways:

  • Build a Dream has launched the You’re Hired! Trade Skills Series, a national initiative connecting job seekers, apprentices, and skilled trades professionals with employers, unions, colleges, and community organizations.
  • Funded in part by the Government of Canada’s Canadian Apprenticeship Strategy, the program delivers hands-on skills training, certifications, and direct industry connections to strengthen Canada’s skilled trades pipeline.
  • The free-to-participate series offers opportunities for employers to deliver certifications, lead workshops, and showcase career pathways, all while building a more inclusive and future-ready workforce.

The Whole Story:

Build a Dream has launched a national initiative to connect job seekers, apprentices, and skilled trades professionals with employers, unions, colleges, and community organizations. TheYou’re Hired! Trade Skills Series aims to to close the skills gap while opening doors for underrepresented talent.

Funded in part by the Government of Canada’s Canadian Apprenticeship Strategy, the program is designed as a national workforce development initiative that brings employers, unions, training institutions, and community organizations together with the next generation of skilled talent.

Build a Dream officials noted that Canada’s construction industry is on the brink of a major opportunity. According to BuildForce Canada, the sector will need more than 85,000 new workers by 2033, just as the country pushes to build 5.8 million homes by 2030 to make housing more affordable.  Meeting this demand will take more than labour; it will take fresh ideas, new skills, and a workforce that reflects Canada’s diversity.

The series is hosted in communities across Canada including:

  • Windsor – Oct. 7
  • Mississauga – Oct. 14
  • Vancouver – Nov. 4
  • Edmonton – Nov. 6
  • London – Nov. 18

It offers participants:

  • On-site certifications such as WHMIS, First Aid & CPR, Fall Protection, Working at Heights, Confined Space Entry, and Hoisting & Rigging (varying by region).
  • Career Readiness Support including resume reviews, mock interviews, and employment clinic services.
  • Hands-on workshops where attendees use real tools, equipment, or VR simulations to explore skilled trades careers.
  • Career pathways exploration through apprenticeship program overviews, training pathway guidance, and networking with employers.

“Our mission is to not only bridge the labour gap, but to make sure the skilled trades are accessible and welcoming to everyone. This must include women, newcomers, and other underrepresented groups,” said Nour Hachem, President of Build a Dream, who was recently named one of Construction’s Most Influential People for 2025 by SiteNews. “The You’re Hired! Trade Skills Series is about giving participants the skills, certifications, and confidence to start their careers, while also giving employers direct access to motivated, job-ready candidates.”

Build a Dream officials added that over the next decade, hundreds of thousands of skilled trades roles will need to be filled across Canada. Meanwhile, sectors like construction, manufacturing, and advanced technology are rapidly evolving and creating even greater demand for specialized training. The You’re Hired! Trade Skills Series is just one of a suite of Build a Dream initiatives designed to meet this demand, alongside their nationwide Career Discovery Expos, the Dream & Build Conference for Tradeswomen (next stop Vancouver 2026), the Workforce Skills Development Program that offers tailored soft skills training and career support, a VR Trailer bringing career exploration on the road, and an Industry Scan & Research Study that uncovers workplace gaps and produces a Workplace Best Practices Document.

Participation in the You’re Hired! Trade Skills Series is free for both attendees and exhibitors. Employers can:

  • Deliver certifications
  • Host career readiness clinics
  • Lead hands-on workshops
  • Showcase apprenticeship programs and job opportunities
  • Network with motivated talent and industry peers

“The skilled trades are more than jobs, they are careers that build communities,” said Hachem. “This series is about connecting passion with opportunity, and ensuring that the workforce of tomorrow is stronger, more inclusive, and ready for the challenges ahead.”

For more information or to get involved, visit www.trade-skills.ca

Key Takeaways:

  • Ontario has approved official plan changes for 120 Toronto transit stations, paving the way for 1.5 million new homes over the next 25 years.
  • The initiative is tied to historic transit investments, including a $70-billion subway expansion, and is designed to reduce gridlock and connect more residents to rapid transit.
  • The plan will also activate Toronto’s inclusionary zoning framework, requiring affordable housing in certain new developments near protected transit areas.

The Whole Story:

The Ontario government has approved sweeping changes to Toronto’s official plan that will allow taller and denser housing developments near 120 transit stations across the city.

The amendments, announced Monday, are expected to enable the construction of more than 1.5 million homes over the next 25 years. Provincial officials say the changes will also create jobs, attract investment and help ease gridlock by encouraging more people to live near public transit.

“I commend Mayor Chow for partnering with us on a bold, shared vision, one where more people can work, live and raise their families right here in Toronto,” said Rob Flack, Ontario’s Minister of Municipal Affairs and Housing.

Mayor Olivia Chow welcomed the move, saying it will help address Toronto’s housing crisis by cutting red tape and building new homes near transit. “By building near transit stations, we are providing new residents with convenient and reliable transit options – ultimately getting drivers off the road, reducing gridlock and getting Toronto moving,” she said.

The province says the plan aligns with Ontario’s $200-billion investment in transit and infrastructure, including $70 billion earmarked for the largest subway expansion in Canadian history. In June, the City of Toronto received $67.2 million from Ontario’s Building Faster Fund, which rewards municipalities that hit at least 80 per cent of their provincially set housing targets.

Transportation Minister Prabmeet Sarkaria said the initiative will put more residents within walking distance of rapid transit, helping to connect neighbourhoods and strengthen the city’s economy.

The government added that the official plan changes will also trigger the rollout of Toronto’s inclusionary zoning framework, requiring affordable housing as part of certain new residential developments near major transit hubs.

Key Takeaways:

  • Ontario is adding $1.6 billion to the Municipal Housing Infrastructure Program, nearly doubling it to $4 billion to support housing-enabling projects like roads, bridges and water systems.
  • The investment is part of the province’s $200-billion capital plan, which includes $33 billion this year alone for transit, highways, hospitals, schools and housing infrastructure.
  • Municipal leaders say the funding will not only unlock new housing but also create jobs and strengthen local economies across Ontario.

The Whole Story:

Premier Doug Ford says the Ontario government will inject an additional $1.6 billion into municipal infrastructure in a bid to speed up housing construction and support local economies.

The funding, announced Monday at the Association of Municipalities of Ontario conference, nearly doubles the province’s Municipal Housing Infrastructure Program to $4 billion. The program helps municipalities and Indigenous communities pay for the roads, bridges and water systems needed to support new housing developments.

“We’re making record investments in housing and infrastructure so we can keep workers on the job and help families across the province find a home that meets their needs and their budgets,” Ford said.

Launched in 2024, the program has supported the construction of 800,000 homes across Ontario. It works alongside the province’s $1.2-billion Building Faster Fund, which rewards municipalities that meet or exceed their housing targets.

Infrastructure Minister Kinga Surma said the new funding will ensure communities can move projects forward despite economic headwinds. “In the face of unwarranted U.S. tariffs, our government is doubling down on our plan to build,” she said, noting Ontario’s $200-billion capital plan includes more than $33 billion in spending this year alone.

Municipal Affairs and Housing Minister Rob Flack said the investment builds on recent legislative efforts to cut costs and reduce barriers to housing. “For far too long, too many families, first-time homebuyers, and seniors have been priced out of the market,” he said.

Association of Municipalities of Ontario president Robin Jones welcomed the announcement, saying investments in local infrastructure not only unlock housing but also create jobs and support long-term economic growth.

The province says the new investment is part of the largest capital plan in its history, aimed at expanding transit, highways, hospitals, schools and housing-related infrastructure.

Key Takeaways:

  • Windsor Regional Hospital has selected EllisDon as construction manager for the enabling works of the new Fancsy Family Hospital, with the first phase expected to take about three years.
  • Phase one will include an administration centre, a multi-level parking garage with covered access to the hospital, and essential site infrastructure to support future construction.
  • Major construction on the state-of-the-art acute care facility is expected to begin by early 2026, following a separate tender process later this year.

The Whole Story:

Windsor Regional Hospital has selected EllisDon as construction manager for the enabling works of the newly named Fancsy Family Hospital Project, marking what officials call a major step forward in transforming health care in the region.

The first phase of work will include an administration centre with an auditorium, simulation training centre, classrooms and office space for support staff; a multi-level parking garage with covered access to the new hospital; and essential site infrastructure for future phases of the build.

Hospital officials say enabling works will take about three years to complete, with major construction on the state-of-the-art acute care facility expected to begin by early 2026.

“This announcement is another exciting and tangible step toward delivering the new state-of-the-art hospital our community has been waiting for,” said Karen Riddell, the hospital’s acting president and CEO. “By selecting EllisDon, we are partnering with a team that has a proven track record in delivering complex healthcare infrastructure.”

EllisDon was awarded the contract through a competitive procurement process. The company has previously worked on major hospital projects including Brampton Civic Hospital, Oakville Trafalgar Memorial Hospital, and is currently involved in the South Niagara Project and the Peter Gilgan Mississauga Hospital.

“It is a privilege for EllisDon to lead the first phase of the new Windsor Regional Hospital project,” said Randy Reymer, a senior vice-president with the firm. “Our team is inspired by Windsor Regional Hospital’s vision and grateful for the trust placed in us.”

Diamond Schmitt Architects, selected earlier this year to lead planning and design for the enabling works, has been working with hospital staff to create spaces that promote collaboration and innovation.

Ontario Health Minister Sylvia Jones said the project reflects the province’s “historic investments” in health care, promising the new hospital will make it “faster and easier” for Windsor and Essex County residents to access world-class care.

A separate tender for the hospital’s main build is expected later this year, in line with Infrastructure Ontario’s project schedule.

Pipelines are among the most critical components of Canada’s energy and industrial infrastructure. Spanning thousands of kilometres, these systems transport crude oil, natural gas, refined fuels, and increasingly, carbon dioxide and hydrogen — connecting resource basins to refineries, ports, manufacturing hubs, and domestic markets.

Behind every kilometre of pipeline laid is a complex, capital-intensive process that requires highly specialized construction contractors. These firms not only deliver the physical infrastructure but also help enable economic activity that supports entire regions.

Surerus

Surerus is a leading Canadian pipeline contractor, particularly active in Western Canada. Operating since 1969, it has installed over 8,000 km of pipeline across challenging terrain, including large-diameter installations and integrity programs. Recently, Surerus (as Surerus Murphy) was named the prime contractor for the Cedar Link Project, which leverages existing Coastal GasLink infrastructure to support the Cedar LNG project.

O.J. Pipelines

O.J. Pipelines focuses on large-diameter, cross-country transmission pipelines and has been active in Canada since 1989. The company is known for executing technically complex builds under extreme weather and terrain conditions. O.J. Pipelines has contributed to key national projects such as the Trans Mountain Expansion and has worked with major pipeline operators including TC Energy and Enbridge. It operates as part of the Canam Group and also provides specialized welding and coating services.

Michels Canada

Michels Canada offers a wide range of pipeline construction services, including trenchless installations (horizontal directional drilling and Direct Pipe), as well as open-cut pipeline builds. They have been active in both traditional oil and gas pipelines and emerging sectors such as carbon capture and hydrogen infrastructure. Michels was a key contractor on the Coastal GasLink project and has also worked on the Trans Mountain Expansion. As of 2025, the company continues to expand its presence in clean energy transmission projects.

Ledcor

Ledcor is a diversified construction company with extensive experience in pipeline construction, particularly in oil and gas sectors. The company provides pipeline installation, maintenance, and facility construction services. It has completed projects for clients such as Suncor, TransCanada (now TC Energy), and Enbridge. Ledcor was involved in several oil sands infrastructure expansions and continues to work on pipeline and energy transition projects across Alberta and British Columbia.

Bantrel

Bantrel is an engineering, procurement, and construction (EPC) firm with significant experience in heavy industrial infrastructure. The company has supported pipeline projects as part of broader energy facility construction, including oil sands extraction and processing. While not a pure-play pipeline constructor, Bantrel plays a major role in integrated project delivery, especially in early-phase engineering and execution planning. The firm has been involved in carbon capture, hydrogen, and petrochemical infrastructure developments as of 2025.

Aecon Group

Aecon is one of Canada’s largest publicly traded infrastructure companies and operates across energy, utilities, transportation, and industrial sectors. The company’s Aecon Industrial division handles oil, gas, and utility pipeline systems, including pipeline fabrication and facility tie-ins. While Aecon is more active in civil and energy infrastructure, it has contributed to several utility corridor and station upgrade projects connected to broader pipeline systems. In 2024–25, Aecon has increased its involvement in energy transition projects, including hydrogen-ready infrastructure and district energy systems.

AtkinsRéalis

AtkinsRéalis provides engineering and project management services across global infrastructure markets, including energy and mining. The company has played a role in pipeline-related work through front-end engineering design (FEED) and EPCM (engineering, procurement, and construction management) services. While not a direct pipeline construction firm, AtkinsRéalis has contributed to environmental assessment, route planning, and regulatory compliance for energy infrastructure in Canada. In 2025, the company is increasing its presence in low-carbon infrastructure, including support for carbon pipelines and hydrogen networks.

Key Takeaways:

  • The BC 2026 Budget Committee formally recommended accelerating the implementation of Prompt Payment laws, marking a significant step toward aligning BC with other provinces and addressing chronic late payments in the construction industry.
  • The report calls for increased capital infrastructure spending, expanded funding for construction-related education and training, and a review of BC’s mandatory paid sick leave policy to better support industry needs.
  • Recommendations include improving public sector procurement through fairer tendering, clearer contracts, and better alignment across ministries and Crown corporations.

The Whole Story:

The BC construction industry is welcoming a formal recommendation to accelerate Prompt Payment legislation, included in the Standing Committee on Finance and Government Services’ Report on the 2026 Budget Consultation. The recommendation responds to longstanding calls from the BC Construction Association (BCCA) and industry leaders seeking improved payment timelines, workforce support, and procurement reform.

The BCCA’s president, Chris Atchison, presented to the committee earlier this year, emphasizing a set of core priorities: improving public sector procurement, increasing investment in infrastructure, and addressing workforce challenges in construction. All three areas were directly acknowledged in the committee’s final report.

The headline recommendation—formally urging government to “accelerate the implementation of Prompt Payment legislation”—was supported by multiple submissions and recognized as a critical step to improve payment certainty across the sector . BCCA praised the inclusion, noting that “payment certainty will have a real and positive impact on the industry and the hardworking women and men who make it all possible.”

In addition to Prompt Payment, the report included recommendations to:

  • Increase capital infrastructure investments to drive economic growth;
  • Expand funding for construction-related education and training programs;
  • Review and potentially restructure BC’s five-day mandatory paid sick leave policy, which has raised concerns in some industry submissions ;
  • Improve procurement practices, including fairer tendering, contract clarity, and alignment across ministries and Crown corporations .

In a statement, BCCA welcomed the report’s alignment with industry priorities and said it looks forward to continuing work with the provincial government to advance critical reforms.

“Now is a critical time for BC to build — and the construction industry has a key and leading role to play,” the association said. “The report’s reference to the industry’s priorities, areas of focus, and pressure points is an important acknowledgement of the work and initiative required by the provincial government to keep BC strong and resilient.”

The report will inform the province’s 2026 budget development, expected in early next year’s legislative session.

Ontario was the first province to pass prompt payment and adjudication rules under the Construction Act, which came into force in 2019. Since then, Alberta, Saskatchewan, and Nova Scotia have enacted similar legislation, creating statutory timelines for payment and introducing dispute resolution mechanisms to speed up conflict resolution.

Quebec has operated a pilot project for prompt payment on public projects, while Manitoba passed legislation in 2023 but has yet to bring it into force. Federally, the Prompt Payment for Construction Work Act applies to contracts with the Government of Canada, and regulations came into effect in late 2023.

In contrast, B.C. has consulted on the issue for years but has not passed legislation—making the 2026 Budget Committee’s formal recommendation a notable turning point in aligning BC with other provinces that have already moved to address chronic late payments in the construction sector.

Key Takeaways:

  • Starlight Investments has broken ground on Harris Green Village, the city’s largest multi-family housing project, which will add more than 1,500 rental homes, including 80 affordable units.
  • The three-phase development will feature public plazas, green spaces, shops, restaurants and a variety of housing types, aiming to integrate urban living with community connection.
  • City officials and business leaders say the project reflects Victoria’s commitment to purpose-built rental housing and signals investor confidence in the downtown core.

The Whole Story:

Construction has begun on the first phase of Harris Green Village, a three-phase, mixed-use development that will add more than 1,500 rental homes to downtown Victoria.

Developer Starlight Investments says the initial phase will deliver 526 rental suites, including 80 affordable units, along with commercial and retail space. When complete, the project will include 100,000 square feet of shops and services.

Howard Paskowitz, Starlight’s vice-president of development and public affairs, said the company designed the project with the needs of the local community in mind. “We are thrilled to begin construction on this transformational mixed-use community that is set to become a lively focal point in the city,” he said in a statement.

The first phase will feature a mix of townhomes, studios and one-, two- and three-bedroom apartments. Plans call for public plazas, landscaped courtyards, rooftop social areas, pet amenities and children’s play spaces, along with easy access to transit, trails and the waterfront.

Victoria Mayor Marianne Alto called Harris Green Village an example of the city’s “forward-thinking approach” to purpose-built rental housing. “This is exactly the kind of vibrant, community-driven growth we can expect as the City continues to create more opportunities for housing and community spaces in the downtown core,” she said.

Jeff Bray, CEO of the Downtown Victoria Business Association, said the project represents the biggest single investment in purpose-built rental in the city’s history. “Starlight is bringing much-needed rental housing into our core,” he said.

Starlight says it is one of Canada’s largest developers of purpose-built rentals, with 17 projects underway in B.C.’s Lower Mainland and on Vancouver Island. The company’s portfolio includes more than 70,000 multi-residential suites and over seven million square feet of commercial space.

Key Takeaways:

  • Second tunnel launch shaft for the Ontario Line breaks ground near the future Gerrard Station, enabling three kilometres of twin tunnels under Pape Avenue.
  • Major transit expansion will connect Exhibition Place to the Eglinton Crosstown LRT in 30 minutes or less, adding 15 stations and over 40 connections while easing TTC crowding.
  • Transit-oriented development around Gerrard Station will include 2,400 new homes, retail and office space, and support hundreds of jobs.

The Whole Story:

Construction has begun on a second tunnel launch shaft for the Ontario Line near the future Gerrard Station, a step the province says will cut commute times and expand rapid transit access to thousands more Toronto residents.

“The Ontario Line will introduce all-new rapid transit to the Gerrard and Carlaw community and surrounding neighbourhoods, part of our nearly $70 billion investment to deliver the largest transit expansion in North America,” Transportation Minister Prabmeet Sarkaria said Wednesday. “In the face of U.S. tariffs and economic uncertainty, we are protecting Ontario’s economy by building the next generation of subway service that will create thousands of good-paying jobs and fuel long-term economic growth.”

The new shaft will allow tunnel boring machines to dig three kilometres of twin tunnels north under Pape Avenue. It will eventually serve as a portal where Ontario Line trains move from above-ground to underground. Gerrard Station, just south of the site, will put nearly 12,000 people within walking distance of the line and is expected to handle more than 3,000 rush-hour passengers daily.

Once complete, the 15.6-kilometre Ontario Line will connect Exhibition Place to the Eglinton Crosstown LRT at Don Mills Road in 30 minutes or less, compared to the current 70-minute trip. It will include 15 stations and more than 40 connections to TTC subways, buses, streetcars and regional trains, with the province estimating it will reduce crowding on the busiest stretch of Line 1 by up to 15% during peak periods.

Infrastructure Minister Kinga Surma said the project will also support new developments around the station. “We are seizing a once-in-a-generation opportunity to build two transit-oriented communities at the future Gerrard Station,” she said. “These will include nearly 2,400 new homes, new retail and office space to support approximately 685 jobs.”

Metrolinx president and CEO Michael Lindsay said the tunnels will directly connect to Pape Station, reducing crowding on Line 2 by 21% during rush hour. “To put it another way, there will be 6,000 fewer people at Bloor-Yonge Station during the busiest travel hour of the day thanks to the Ontario Line,” he said.