Category: Economy

Key Takeaways:

• The B.C. government, through the Manufacturing Jobs Fund (BCMJF), is investing over $97 million into the province’s value-added forestry and manufacturing sectors. This support is enabling companies like Spearhead Timberworks, Westlam Industries, Mercer Celgar, and Greyback Construction to expand operations, adopt advanced technologies, and create or protect over 3,500 jobs—many in regional, remote, and Indigenous communities.
• Investments are fostering innovation and modernization in mass timber, engineered wood, and bioproducts. Companies are using advanced technology and sustainable practices to boost productivity and international competitiveness, particularly in areas like curved glulam production and small-diameter log processing.
• The initiative comes at a time of economic pressure due to U.S. tariffs on B.C. lumber, which currently sit at 14.4% with threats of an additional 25%. These investments aim to mitigate impacts such as mill closures and layoffs by stabilizing the sector, securing supply chains, and enabling long-term growth through diversification and innovation.

The Whole Story:

As U.S. tariffs rattle B.C.’s forestry sector, the province is looking to support and grow the industry.

Through the BC Manufacturing Jobs Fund (BCMJF), the Government of B.C. is contributing as much as $11 million toward four forestry-sector capital projects in the province. The goal is to help B.C.-based forestry-product manufacturers grow their businesses by constructing new production facilities, purchasing new equipment and adding new high-value product lines, while creating and protecting hundreds of jobs.

“These timely investments into our province’s manufacturing and forestry value-added sectors will help strengthen homegrown B.C. companies, which in turn creates stronger local economies and sustainable jobs,” said Diana Gibson, Minister of Jobs, Economic Development and Innovation. “We’re working alongside industry to build a stronger, more resilient economy that works better for people and communities.”

Spearhead Timberworks Inc., near Nelson, specializes in the design and fabrication of highly advanced timber architecture. Spearhead is strengthening its capabilities, backed by as much as $7.5 million from the B.C. government to drive its expansion. This includes construction of a new purpose-built facility and implementation of advanced technology that will increase its competitiveness on the international stage, adding state-of-the-art production lines for specialized curved and double-curved glulam.

The province explained that the Kootenay region is quickly establishing itself as a hub for British Columbia’s growing mass-timber economy, uniting a network of local sawmills. The network includes but is not limited to Harrop-Procter Community Cooperative and J.H. Huscroft Ltd., value-added wood manufacturers, such as Kalesnikoff Mass Timber Inc., and progressive training in wood design, digital fabrication and sustainable construction delivered through Selkirk College.

“Over the past 35 years, we’ve honed our craft in advanced timber fabrication, completing over 450 projects worldwide and building a reputation as trailblazers in our field,” said Josh Hall, partner at Spearhead Timberworks Inc. “This investment from the Province will help us showcase B.C.’s remarkable wood resources globally, while creating long-term jobs at home. We’re honoured by the trust placed in us and excited to continue contributing meaningfully to our community and timber industry.”

More forestry-sector manufacturers receiving funds from the BCMJF include:

• Langley – Westlam Industries Ltd. is a wood-product manufacturer that specializes in construction-grade plywood. Westlam’s products play an important role in the housing and commercial building sector in B.C. and Canada, ensuring a strong local supply of key building materials. It will receive as much as $1.5 million to construct a new production facility and install new automated equipment that will introduce automation, improve fibre utilization, and increase output and productivity, while creating 46 jobs.
• Castlegar – Mercer Celgar Limited Partnership is a kraft pulp mill and biorefinery that produces premium pulp and generates bioenergy for the BC Hydro power grid. The company will receive as much as $1.75 million to modernize its small-log line and install equipment capable of processing smaller-diameter logs and a wider range of low-grade fibre. This investment will help maximize the value of fibre inputs and secure more than 400 jobs at the facility, making it one of the largest employers in the region.
• Penticton – Greyback Construction Ltd. is a commercial, residential and industrial construction contractor that is diversifying into prefabricated housing construction. It will receive as much as $235,000 to renovate a former mill site and purchase equipment that will vertically integrate and streamline production of prefabricated exterior walls and floors while creating 12 jobs, helping to create more homes quicker in B.C.

“British Columbia’s forestry companies and workers show what innovation, craftsmanship and hard work looks like,” said Ravi Parmar, Minister of Forests. “Spearhead, Westlam, Mercer Celgar, Greyback Construction, and many, many more across the province are stepping up and investing in their workers and their communities, and we’re right there with them. The Manufacturing Jobs Fund creates jobs, strengthens supply chains and supports people in their incredible work around this province.”

BCMJF has also accelerated transition within the forestry-product sector to high-value manufacturing. The program has incentivized more than $680 million flowing into forestry-product manufacturing, leading to the direct creation and protection of more than 3,500 forestry-sector jobs, many in regional, remote and Indigenous communities. Nearly one-quarter of all wood-product manufacturers in B.C have applied to the program, demonstrating that producers are investing in the future of forestry in the province.

BCMJF has also led to increased production of mass timber, engineered wood and bioproducts, with B.C.-based companies leading the way in innovative uses of waste wood, residuals and available fibre for high-value, high-demand products and exports. The province has partnered with 73 forestry-product manufacturers with more to come, dedicating more than $97 million to the industry in collaboration toward a stable, sustainable forestry sector in B.C.

The support comes at difficult time. The imposition and threat of escalating tariffs from the U.S.—currently at 14.4% for B.C. lumber, with the potential for an additional 25%—have created significant uncertainty, leading to mill closures, layoffs, and reduced shifts across the industry

Key Takeaways:

• Condo sales in the Greater Toronto Hamilton Area (GTHA) plummeted to their lowest levels in decades — down 62% year-over-year and 88% below the 10-year average. Toronto proper saw its lowest quarterly new condo sales since 1990, signaling a deep demand crisis.
• Unsold condo inventory reached a record-high 23,918 units — 78 months of supply, far exceeding the balanced market threshold (10–12 months). Completed but unsold units more than doubled year-over-year, and supply is expected to keep rising, adding pressure on prices and developer margins
• Only two projects launched in Q1-2025, and 28 projects (5,734 units) have been shelved or altered since 2024. Sales relied heavily on incentives, and average selling prices dropped 7% year-over-year to $1,151 psf. The gap between buyer expectations and developer costs continues to widen, stalling new construction starts and pushing some projects into receivership.

The Whole Story:

Toronto is in the midst of a historic condo market decline, data shows.

Urbanation Inc., a condominum information and analysis provider since 1981, has released its Q1-2025 Condominium Market Survey results and it’s not pretty.

The Greater Toronto Hamilton Area (GTHA) new condo apartment market reported a total of 533 sales in Q1-2025, declining 62% year-over-year and 88% below the 10-year average to reach the lowest quarterly total since 1995. The 215 new condo sales in the City of Toronto in Q1 fell to its lowest level since 1990.

“The new condo market is currently working through its most challenging period to date, which has become further impacted by the uncertainty and cost escalations caused by the trade conflict with the U.S. With the Toronto region relying on condos for more than one-half of its total housing development, the magnitude of this slowdown will result in severe supply repercussions,” said Shaun Hildebrand, President of Urbanation.

Only two projects launched for presales in Q1-2025 totaling 275 units. Since the beginning of 2024, 28 presale projects totaling 5,734 units were either put on hold, cancelled, placed in receivership, or converted to purpose-built rental, including four projects totaling 1,042 units in Q1-2025.

Unsold new condominium inventory totaled 23,918 units, increasing 6% from a year ago and 58% higher than the 10-year average. Unsold inventory was equal to 78 months of supply based on the pace of sales averaged over the last 12 months, a record-high that was approximately seven times greater than a balanced level of 10-12 months of supply.

Unsold inventory was made of up 10,934 unsold units in pre-construction projects, 11,073 unsold units in under construction projects, and 1,911 unsold units of standing inventory in completed projects. The number of completed and unsold units more than doubled compared to a year ago to reach its highest level since Q1-1993. Completed and unsold inventory is expected to continue rising this year as an additional 2,411 unsold units are currently scheduled to be completed by the end of 2025. This is in addition to any presold units that ultimately fail to close.

Of the new condo sales that occurred in Q1-2025, selling prices averaged $1,151 psf, down 7% from a year ago when units were selling for an average of $1,232 psf. Furthermore, of the projects generating sales activity, incentives were heavily employed, including significant cash back credits at closing, rental guarantees, and extended deposit payment schedules. Overall, asking prices for unsold inventory averaged $1,339 psf, a 2% decline from a year ago. This illustrates the large gap between prices that buyers demand versus prices that most developers need to sell for in order to build.

A total of 497 condominium units started construction in the GTHA during Q1-2025, dropping 79% from a year ago and 88% below the 10-year average to reach its lowest quarterly total since 1996. While condo completions decreased 16% from the record high last year to 9,495 units in Q1-2025, they remained 67% higher than the 10-year average. Condo completions are projected to total 31,396 units in 2025, surpassing last year’s record of 29,671 units, before falling to 17,487 units in 2026. As of Q1-2025, there were 69,042 condo units under construction in the GTHA, a decline of one-third over the past two years.

Key Takeaways:

• Since 2021, Canada’s population has grown at a historically unprecedented rate, driven largely by immigration, but new housing construction has not kept up. The report shows that this imbalance is one of the primary reasons behind the worsening housing affordability crisis.
• The report finds that, since the 1970s, there has been a general decline in the rate of housing starts per capita — especially pronounced in Ontario and British Columbia. This suggests that even before the recent surge in population, Canada was already underbuilding relative to demand.
• The mismatch between population growth and housing starts is especially severe in Ontario and B.C., where affordability has deteriorated the most. Meanwhile, provinces like Alberta have seen higher rates of construction relative to population increases, helping to moderate housing pressures.

The Whole Story:

The annual number of new homes being built in Canada in recent years is virtually the same as it was in the 1970s, despite annual population growth now being three times higher, finds a new study published today by the Fraser Institute, a Canadian public policy think tank.

“Despite unprecedented levels of immigration-driven population growth following the COVID-19 pandemic, Canada has failed to ramp up homebuilding sufficiently to meet housing demand,” said Steven Globerman, Fraser Institute senior fellow and co-author of The Crisis in Housing Affordability: Population Growth and Housing Starts 1972–2024.

Between 2021 and 2024, Canada’s population grew by an average of 859,473 people per year, while only 254,670 new housing units were started annually. From 1972 to 1979, a similar number of new housing units were built—239,458—despite the population only growing by 279,975 people a year.

As a result, more new residents are competing for each new home than in the past, which is driving up housing costs.

“The evidence is clear—population growth has been outpacing housing construction for decades, with predictable results,” Globerman said. “Unless there is a substantial acceleration in homebuilding, a slowdown in population growth, or both, Canada’s housing affordability crisis is unlikely to improve.”

Colliers moves to buy Triovest

Colliers has reached an agreement agreement to acquire Triovest Inc., a major Canadian commercial real estate services firm, from Coril Holdings. Upon closing, Triovest will rebrand as Colliers, merging operations to create Canada’s largest commercial real estate services provider with over 3,000 professionals, 95 million square feet under management, and $15 billion in development projects. The acquisition, expected to close in Q2 2025, strengthens Colliers’ asset and development management capabilities. Triovest, founded in 1995, generated $70 million in 2024 revenue and will now gain access to Colliers’ global resources and client base.

The addition of Triovest cements our position as the largest real estate services firm in Canada, while strengthening our capabilities in asset and development management

Brian Rosen, President and CEO, Colliers Canada

Stantec expands U.S presence

Edmonton-based Stantec has agreed to acquire Page, a Washington, DC-based architecture firm with 1,400 staff across 20 offices in the U.S. and Mexico. The acquisition will expand Stantec’s U.S. buildings practice by 35% and increase its U.S. headcount to 13,500, strengthening its North American presence and global market reach. Page, founded in 1898, brings expertise in architecture, engineering, interior, and urban design, with notable projects like the National Museum of African American History and Culture. Stantec will fund the deal using existing funds and credit facilities.

Structural Group acquires Vector

Structural Group, Inc. (SGI) has acquired Vector Construction / Restoration (Vector), which includes nine branch locations in the United States and Canada. The move supports SGI’s vision of continued growth in North America by adding valuable resources and capabilities in both countries.

We are pleased to join forces with SGI, the largest concrete repair contractor in North America. Our common mission is focused on preserving, repairing and extending the service life of the built environment. Together we’ll be able to achieve more, helping clients to solve complex concrete infrastructure challenges.

Bob Spriggs, CEO, Vector Construction

Bird Infrastructure expands services

Bird Infrastructure has announced the launch of its new Facilities Management Department, expanding its service offerings to include a full suite of facility operations and property management services such as leasing and tenant relations. Benett Hallas has been promoted to Manager, Facility Services, and will lead the new team, which is already managing 11 facilities across Ontario and Nova Scotia. With this expansion, Bird Mechanical now provides end-to-end infrastructure solutions encompassing mechanical, service, civil, structural steel, and facility management.

Relay merges with Fort Capital

Relay Transition Partners, founded nearly three years ago as an affiliate of Fort Capital Partners to serve small and medium-sized business (SMB) owners in the sale of their companies, has announced its merger with Fort Capital. Since its launch in June 2022, Relay has grown from two partners and one associate to a four-partner team with a strong track record of successful SMB transactions across Canada. This merger formalizes their close working relationship, unifies ownership, and enhances access to Fort Capital’s platform, while preserving Relay’s dedicated focus on businesses valued between $5 million and $50 million.

Alltrade rebrands to Barton Malow

Alltrade Industrial Contractors, a Canadian leader in energy, automotive, and industrial projects and part of the Barton Malow Family of Companies, has rebranded as Barton Malow Canada Ltd. The rebrand aims to strengthen integration between U.S. and Canadian teams while leveraging Barton Malow’s legacy and Alltrade’s growth in the renewable sector. The change will not affect the entity’s legal status or existing contracts. Acquired by Barton Malow in 2019, the Canadian team now includes over 100 members across offices in Ontario and Alberta, with a project portfolio exceeding 2 GW of renewable energy, 1,360 MWh of BESS, and over 4 million SF of EV battery manufacturing facilities.

Indigenous developer recognized for CSR efforts

Squamish Nation’s Nch’ḳaẏ Development Corporation has been named one of the most innovative companies in corporate social responsibility by Fast Company. Sen̓áḵw, a landmark development led by the Nch’ḳaẏ with Westbank, is transforming Vancouver’s coastline with 6,000 rental units across 11 high-rise towers on ancestral Squamish land. Exempt from city zoning rules, the project blends cultural revival, sustainability, and housing innovation, aiming to become Canada’s first large-scale net zero community.

Augmenta raises $10M in seed funding

Toronto-based Augmenta, an AI-powered design platform for the built environment, has raised $10 million in Seed funding led by Prelude Ventures, with participation from Montage Ventures. The funding will support the expansion of its Electrical System Design (ESD) agent, accelerate the development of Mechanical and Plumbing agents, and grow its sales and support teams. Led by CEO Francesco Iorio, Augmenta automates complex MEP/S design processes for the AEC industry, reducing errors, rework, and costs while enhancing sustainability. The raise follows a strategic partnership with BIM leader ENG to advance automated electrical design modeling for subcontractors.

Dillon partners with FBM

Dillon Consulting, headquartered in Toronto, has formed a partnership with FBM, a Halifax-based architecture, interior design, and planning firm. Established in 1917, FBM is one of Atlantic Canada’s leading design firms, with a team of over 55 employees. Dillon, founded in 1946 in London, Ontario, is an employee-owned firm. The partnership will allow both firms to support clients nationwide, with FBM continuing to operate independently as FBM Architecture. The collaboration builds on nearly two centuries of combined experience in resilience, innovation, and sustainability, aligning with their shared commitment to community and design excellence.

Ramudden adds safety companies

Ramudden Global has signed an agreement to acquire Curtin Co and Carolina Traffic Devices, expanding its leadership in road and urban safety infrastructure across the Southeast U.S. Based in Charlotte, NC, both companies provide traffic control solutions for contractors and government agencies, including products like temporary barriers, impact attenuators, portable traffic signals, and more. This acquisition aligns with Ramudden Global’s mission to enhance road safety solutions in North America, providing Curtin Co and Carolina Traffic Devices with additional resources for growth while maintaining their commitment to excellence, service, and innovation.

Universal Group acquires Airmaster

CAI Capital Partners announced that its portfolio company, the Universal Group, through its subsidiary Barricades and Signs Ltd., has successfully acquired Airmaster Sales Ltd., a manufacturer of traffic control signs based in Winnipeg, Man. Airmaster will expand Barricades’ capabilities. The acquisition was supported by equity co-investment partners BDC Capital, Roynat Equity Partners, and Frind Enterprises.

Graham Group merges with XL Industries

Graham Group has merged with XL Industries (XLI), a leading northern California construction firm, to expand delivery capacity in key growth sectors and strengthen Graham’s U.S. presence. With over $1.4 billion (USD) in project backlog, the merger immediately boosts Graham’s annual revenues and service offerings. XLI, which includes XL Construction and other subsidiaries, will join Graham’s U.S. Buildings group but retain its brand and leadership.

By joining forces, we’re growing our market presence and bringing even more innovation to the industry. XL Industries is known for its reliability and commitment to quality, just like us, making this partnership a great fit for both teams. There is no question that our combined strength, talent and innovation will grow our leadership in the industry.

Andy Trewick, CEO of Graham

PTAG to acquire Construct-X

PTAG Inc. has announced its agreement in principle to acquire 100% of Construct-X, a Houston-based leader in Advanced Work Packaging (AWP) and digital project execution. This strategic move unites two industry leaders known for collaborative contracting and innovative project delivery in industrial and infrastructure sectors. With a shared vision and history of partnership, PTAG and Construct-X aim to redefine capital project execution by offering integrated, data-driven solutions that enhance efficiency, predictability, and performance. The acquisition will be spotlighted at the Canadian Nuclear Association Annual Conference, highlighting their unified approach to transforming project delivery on a global scale.

Ottawa supports east coast mass timber industry

The Canadian government is investing $500,000, with a potential additional $10 million in conditional funding, to support MTC Mass Timber Company in building a high-tech manufacturing plant in Nova Scotia that will utilize under-valued eastern spruce. Touted as Canada’s first large-scale, clear-span timber manufacturing facility, the project will make MTC the first vertically integrated mass timber manufacturer in Atlantic Canada, with a capacity to construct 2.5 million square feet annually.

Northstar secures asphalt shingle recycling patent

Northstar Clean Technologies has secured a follow-on Canadian patent for Stage 3 of its proprietary asphalt shingle reprocessing technology, specifically covering the asphalt recovery process, with protection lasting until 2042. This patent strengthens Northstar’s intellectual property portfolio as it prepares to launch commercial production at its Calgary facility in mid-2025. Already holding patents in the U.S. and Canada, the company is actively pursuing additional protections internationally to solidify its leadership in the emerging asphalt shingle recycling industry.

Key Takeaways:

• The Attorney General of British Columbia has directed her Ministry to prepare Prompt Payment legislation, signaling a major step forward in ensuring timely payments in the construction sector.
• The BC Construction Association (BCCA) is advocating strongly for the legislation, emphasizing its importance for industry stability, workforce retention, and economic growth.
• According to a BCCA survey, 91% of B.C. construction employers experienced late payments in the past year, with 69% not being paid at all at least once.

The Whole Story:

The province of B.C. just got one step close ensuring timely payment in the construction sector.

The BC Construction Association (BCCA) announced that Attorney General Niki Sharma has directed her Ministry to prepare Prompt Payment legislation. The announcement comes in the midst of the eighth annual Construction and Skilled Trades Month and follows BCCA’s annual Day at the Legislature in Victoria.

The group stated that payment certainty will have profoundly positive impacts on the industry, economy, and lives of hard-working British Columbians. BCCA urged the provincial government to prioritize the development and implementation of this critical legislation and commit to collaborating with the construction industry as partners in this important work.

“We’re pleased to see the BC government take steps toward ensuring payment certainty for the construction industry,” said Chris Atchison, President of the BCCA. “This legislation is absolutely crucial to support, attract, and retain the investment and workforce our province and economy need to keep growing, and keep growing strong.”

The group noted that provincial government’s delay in passing Prompt Payment Legislation has had significant and devastating consequences for BC’s construction industry and infrastructure development. They argued that by taking swift action now, legislators can show their support for this critical sector, improve cash flow for British Columbians across the province, strengthen the economy, and ensure that BC remains competitive on national and global stages.

“Prompt Payment legislation must be informed by the perspectives and needs of those impacted — the construction industry must always have a seat at the table,” emphasized Atchison. “From homes to hospitals, BC depends on its construction industry to get the job done. Now, let’s get this done for the industry.”

BCCA is committed to working with the provincial government to advance the timely implementation of this critical legislation and stand strong for BC’s construction industry. The time for payment certainty in BC is now.  For more information, check out promptpayment.ca.

According to the latest BCCA survey, 91% of construction employers in B.C. reported being paid late for completed work in the past year, and 69% reported not being paid at least once during the same period.

Here’s a breakdown of prompt payment legislation in other provinces:

Ontario

Ontario led the way with the introduction of its Prompt Payment and Adjudication provisions under Bill 142, the Construction Act (effective October 1, 2019). Key features include:

• Mandatory timelines for payment (28 days for owners to pay contractors, 7 days for contractors to pay subcontractors).
• An adjudication process for resolving payment disputes quickly.

Saskatchewan

Saskatchewan implemented Prompt Payment legislation under The Builders’ Lien (Prompt Payment) Amendment Act, effective March 1, 2022. It includes:

• Payment deadlines similar to Ontario’s model (28 days for owners, 7 days for downstream payments).
• Statutory adjudication for dispute resolution.

Alberta

Alberta enacted Prompt Payment legislation through Bill 37, the Builders’ Lien (Prompt Payment) Amendment Act, effective August 29, 2022. Key provisions include:

• 28-day payment deadlines.
• Mandatory adjudication for payment disputes.

Manitoba

Manitoba’s Prompt Payments in the Construction Industry Act came into force on February 1, 2024. It mirrors legislation in other provinces by:

• Establishing timelines for payment.
• Creating an adjudication process for disputes.

Nova Scotia

Nova Scotia introduced Prompt Payment legislation through Bill 37 in 2019, with the regulations fully implemented by December 2024. It incorporates:

• Deadlines for payments within the construction pyramid.
• Adjudication processes.

Quebec

Quebec has proposed Prompt Payment laws and is piloting adjudication processes, although full implementation is still in development as of 2025.

Key Takeaways:

• According to the BCCA survey, 91% of construction employers in B.C. reported being paid late for completed work in the past year, and 69% reported not being paid at least once during the same period.
• The BCCA attributes these issues to the provincial government’s failure to implement Prompt Payment Legislation, which the association says is contributing to increased financial risk on construction projects.
• Payment uncertainty is a primary concern for those in the construction sector, followed by labour shortages and economic instability. These concerns have intensified in early 2025 due to factors such as international tariffs and broader economic conditions.

The Whole Story:

The BC Construction Association (BCCA) is raising red flags regarding new data on payment certainty. BCCA’s newly released spring Stat Pack and Annual BC Construction Industry Survey report found the issue is a top concern, with 91% of employer respondents reporting being paid late at one time this past year for completed work and 69% having not being paid at least once at all for work completed in the past year.

The association stated that B.C. government’s failure to pass Prompt Payment Legislation means critical construction projects carry additional risk and payments are not being made for completed work.

“From tariffs and lack of prompt payment to labour shortages and faltering public sector standards on permits, contracts, and procurement, hard-working British Columbians are struggling with excessive and unnecessary uncertainty,” said Chris Atchison, BCCA President. “The provincial government must deliver on strategies and initiatives that better support construction in BC.”

The group explained that from small to large companies to individual employees, everyone is burdened by this unnecessary uncertainty. They noted that overwhelmingly, people working in construction reported that the lack of payment certainty keeps them up at night, followed by concerns with workforce shortages and economic turbulence. The association added that anxieties have sharpened since the beginning of 2025, as Canada grapples with the Trump administration’s threats and tariffs. B.C. construction is not immune, given 35% of the province’s international imports come from the U.S.

“At a time when supporting domestic and local industries to strengthen our province and economy is more important than ever, payment certainty is absolutely critical,” added Atchison. “Fixing the prompt payment problem will improve cash flow for British Columbians and support contractors in managing their staff, evolving supply chains, and onerous regulatory regimes without taking on extra debt and financial expenses amidst an ongoing cost-of-living crisis. The B.C. Government has the tools to solve this challenge but chooses not to.”

According to the BCCA, construction contributes 10% of B.C.’s GDP annually and will deliver $331 billion in value via major projects to the province over the next few years. They argued that the  industry is one of B.C.’s greatest assets in driving economic growth through a trade war scenario.

Key stats from the latest BCCA Stat Pack:

• Construction is the No. 1 employer in BC’s goods sector.
• BC’s construction industry accounts for 10% of the province’s GDP. A 12% increase over the past 5 years.
• 251,000 people rely directly on BC’s construction industry for a paycheque.
• Number of workers in trades jobs: 191,200
• The number of women in construction trades is 10,133 (5.3%), an increase of over 2,750 over the past year.
• Number of construction companies in BC: 28,096, an increase of over 200 companies over the past year.
• The average yearly wage of BC construction employees is $81,555 an increase of 13% over the past year and 38% over the past 5 years.
• Value of proposed construction projects in BC: $172.5 billion, an increase of 4% since fall 2024.
• The estimated value of current major construction projects underway in BC: $158 billion, a decrease of 7% since fall 2024, and a 41% increase over the past 5 years
• Current job vacancies in BC construction is 11,555
• Number of projected construction jobs in BC that will be unfilled due to labour shortages by 2034: 14,100
• Multi-unit residential construction starts (6 month rolling average): 35,346
• Number of tower cranes currently erected in BC: 400

Telus diving into AI data centers, Graham Group expanding to California, and Miller Electric partnering with Novarc for welding robots. Join our host Russell Hixson as he explores some of the largest business.

Key Takeaways:

• Between 2012 and 2023, nearly 30,000 single-family homes in Metro Vancouver were demolished, and upzoning policies are expected to increase demolitions by 35% over the next decade.
• Research suggests that 20% of these homes could be relocated to non-urban areas, while 40-60% could be deconstructed for material reuse, reducing unnecessary waste.
• Renewal Development and Light House urge municipalities to implement pre-demolition assessments, refundable deposits, and green removal permits to encourage relocation and deconstruction, aligning with sustainability goals.

The Whole Story:

Between 2012 and 2023, 29,888 single family homes were bulldozed in Metro Vancouver to make way for higher density development. According to a report released today, provincial and municipal upzoning policies will contribute to a 35% increase in demolitions over the next ten years.

The report was co-authored by Renewal Development and Light House, leaders in providing sustainable solutions to the construction and development industry. Through their research, they estimate that 20% of homes that are leveled can be rescued and relocated to non-urban centres. Another 40-60% can be deconstructed with the materials salvaged and reused.

“There is still so much life in many of these homes and we are just throwing them away,” says Renewal Development CEO Glyn Lewis. “Municipalities have a social and fiscal responsibility to be part of the solution.”

Renewal Development and Light House are calling on municipalities to enact bylaws to reduce waste and protect affordable housing. Among their recommendations:

• Establish pre-demolition assessment that requires all pre-1970 single-family homes slated for demolition to determine whether the home can be relocated or deconstructed.
• Impose a refundable deposit where relocation or deconstruction is deemed feasible.
• Create a separate ‘green removal’ permit, granting relocation and deconstruction companies adequate time to salvage homes and materials before demolition.

“Metro Vancouver can lead by example by making sure these rules apply to all city-owned buildings,” says Gil Yaron, Light House’s Managing Director of Circular Innovation. “Home relocation and deconstruction is a win-win for municipalities – stimulating local economic activity and helping achieve net zero carbon goals.”

They believe there is precedent for these calls to action:

• The City of Victoria imposes a $19,500 refundable deposit that requires 3.5kg of wood be salvaged per square foot of finished floor space on homes older than 1940.
• Parks Canada requires government-owned buildings slated for demolition to be pre- assessed for building relocation or deconstruction.
• BC Housing requires construction, renovation and demolition waste reduction and diversion from landfills for all projects that receive the majority of funding from BC Housing.

“The demolition first paradigm must end. There are responsible alternatives to conventional demolition, be it home relocation or home deconstruction,” adds Lewis.

Key Takeaways:

• Energy sector CEOs are urging federal political leaders to declare a national energy crisis and use emergency powers to fast-track projects like pipelines and LNG terminals, citing their importance to Canada’s economic sovereignty.
• The executives demand streamlined regulations, the removal of the federal emissions cap, repeal of the carbon levy on large emitters, and support for Indigenous co-investment, arguing these measures are crucial for project approvals and economic growth.
• Conservative leader Pierre Poilievre advocates for eliminating the carbon tax and expediting projects, while Liberal leader Mark Carney supports balanced energy development, emphasizing provincial cooperation and positioning Canada as a leader in both conventional and clean energy.

The Whole Story:

With a federal election on the horizon, a group of energy sector chief executives is urging the leaders of Canada’s four federal political parties to declare a national energy crisis and invoke emergency powers to fast-track critical projects deemed to be in the “national interest.”

In an open letter, CEOs from 10 of the country’s largest oil and natural gas companies, along with the four biggest pipeline operators, presented a plan aimed at bolstering Canadian economic sovereignty.

The executives argue that public support is growing for expanding the energy sector and enhancing infrastructure, such as pipelines and LNG terminals, to boost Canada’s energy exports.

The letter comes amid escalating tensions with the U.S., as President Donald Trump threatens Canadian sovereignty and proposes sweeping tariffs on Canadian goods, including oil and natural gas.

Among their key demands, the energy leaders are calling for streamlined regulations and firm deadlines for project approvals.

Additionally, they’re advocating for the removal of the federal emissions cap, the repeal of the carbon levy on large emitters, and loan guarantees to support Indigenous co-investment opportunities.

Alberta Premier Daneille Smith threw her support behind the group, saying the province’s energy sector has long been the economic engine of Canada and has never been more critical to Canadian sovereignty and prosperity.

“During the last decade of Liberal-NDP government, multiple destructive energy policies have resulted in more than $280 billion dollars in projects being delayed, cancelled or shut in by the proponents,” said Smith. “These are projects that would have created tens of thousands of jobs, generated hundreds of billions in government revenues, secured energy security for Eastern Canada and made our nation less dependent on the United States.”

She said Ottawa’s “elected eco-extremists” have done everything they can to keep our oil and gas in the ground – that has to change now.

“We wholeheartedly support the call by Canada’s energy business leaders to find a new way of getting major projects built. Over the last couple of months, we have seen the discussion around our oil and gas shifting across the country, and these industry leaders have captured this spirit perfectly in their letter to the federal party leaders.

Pierre Poilievre, the Conservative Party leader, has taken a strong pro-energy development stance. He has promised to repeal Bill C-69, which he sees as a hindrance to major project approvals, and pledged to create “Canada Shovel Ready Zones” to expedite the development of various energy and infrastructure projects. Poilievre has also vowed to eliminate the carbon tax entirely, including for large industrial emitters.

Mark Carney, the Liberal Party leader and former Bank of Canada governor, has adopted a more moderate approach to energy policy, marking a shift from his previous climate-focused stance. Upon becoming Prime Minister, Carney cancelled the unpopular carbon tax on consumers.

While expressing support for pipeline construction and energy development, Carney has emphasized the need for provincial agreement, particularly with Quebec, before proceeding with major projects. He aims to position Canada as “an energy superpower in both clean and conventional energy,” attempting to balance economic development with environmental concerns.

Key Takeaways:

• Saskatchewan’s Crown corporations are prioritizing local steel purchases from EVRAZ Steel to support over 400 jobs in Regina, helping safeguard employment amid economic challenges.
• SaskPower secured up to 10,000 tons of steel from EVRAZ—enough for three years of infrastructure projects—demonstrating a long-term commitment to maintaining a resilient local supply chain.
• The initiative not only strengthens Saskatchewan’s economy but also fosters partnerships with local fabricators like Brandt and JNE Welding, contributing to a “made-in-Saskatchewan” solution that boosts the provincial economy and ensures infrastructure reliability.

The Whole Story:

Officials in Saskatchewan are buying steel years in advance to support local steel jobs as tariffs hammer the sector.

Saskatchewan announced that its Crown corporations are purchasing local steel to support local jobs, with thousands of pounds of steel and more than a hundred kilometres of pipe recently procured from EVRAZ Steel. 

“The Government of Saskatchewan will always stand up for Saskatchewan’s interests, focusing on pragmatic and sensible solutions, while protecting our jobs, economy and residents,” Crown Investments Corporation Minister Jeremy Harrison said. “By prioritizing the purchasing of local steel for SaskPower and SaskEnergy infrastructure projects, we are helping to keep over 400 hardworking Saskatchewan people on the job right here in Regina.”

SaskPower has negotiated a purchase of up to 10,000 tons of steel from EVRAZ, or the equivalent of three-years’ worth of steel for the Crown, which is used for the construction of transmission structures and other infrastructure that is critical to maintain Saskatchewan’s power grid.

“EVRAZ Canada has been a proud part of Saskatchewan’s economy for nearly 70 years,” EVRAZ Canada Senior Vice President Don Hunter said. “The commitment we are seeing today from the provincial government is a strong signal that the Government of Saskatchewan recognizes the importance of domestic steel manufacturing—not only for EVRAZ’s workers who depend on it but for the broader economy that benefits from a strong and resilient supply chain.”

Officials stated that the collaboration between SaskPower and EVRAZ, along with steel structure fabricators, Brandt and JNE Welding, will result in a made-in-Saskatchewan solution that will support the provincial economy while ensuring reliable power for residents and businesses. 

“The United Steelworkers have been at the forefront of fighting for our jobs and for our industry,” USW Local 5890 President Mike Day said. “When hearing of commitments like this from the Saskatchewan government, it eases some of the uncertainty our members have been facing. 

“Commitments and investments just like these – to buy Canadian – from all forms of government is what the USW has, and will, continue to advocate for in all Canadian infrastructure projects.”

Currently, EVRAZ is working on an order from SaskEnergy which purchased 125 kilometres of steel pipe through Gateway Tubulars LTD. for the Aspen Power Station project, a new 370-megawatt natural gas power plant near Lanigan. SaskEnergy has procured $79 million from EVRAZ directly or through supplier agreements since 2019.

In the first three quarters of 2024-25, the Crown sector awarded $1.2 billion to Saskatchewan suppliers, including $92 million to Indigenous companies.

Key Takeaways:

• The federal government is providing $2.55 billion in low-cost financing, while the City of Toronto is contributing $234.83 million in financial incentives to build 4,831 rental homes, including at least 1,075 affordable units.
• The funding is part of a broader $7.3 billion federal commitment through the Apartment Construction Loan Program (ACLP), conditional on Ontario’s financial participation. The City is also working toward its goal of 65,000 rent-controlled homes by 2030.
• The federal government is allocating $25.8 million to support Toronto’s encampment response, complementing $400 million from the Province of Ontario. This will fund outreach services, shelter expansions, and Indigenous-led housing initiatives.

The Whole Story:

In a landmark partnership with the City of Toronto, the federal government has announced $2.55 billion in low-cost financing to unlock 4,831 rental homes including a minimum of 1,075 affordable rental homes. The City is also investing approximately $234.83 million in financial incentives such as relief from development charges, fees and property taxes. 

“Every Torontonian deserves an affordable place to call home,” said Mayor Olivia Chow. “Today’s landmark housing agreement will reduce barriers so more than 4,800 homes will be built faster. By working together with our federal partners, we are securing affordable homes in Toronto for generations to come.” 

The financing, delivered through the Apartment Construction Loan Program (ACLP) and administered by the Canada Mortgage and Housing Corporation (CMHC), responds to requests from Toronto City Council that the federal government provide the City with low-cost loans to support the delivery of a range of affordable and purpose-built rental homes. 

The federal government has set aside up to $7.3 billion in ACLP low-cost financing over three years, conditional on securing required financial support from the Government of Ontario. The City has requested the provincial government to partner on expanding the Purpose-built Rental Housing Incentives stream and support more rental homes get built faster.  

Through the newly announced ACLP low-cost loans, the City will be able to advance the delivery of seven rental housing projects that are set to start construction by the end of 2026 and have at least 20% affordable rental homes. This includes several projects approved in December 2024 under the Purpose-Built Rental Housing Incentives stream as well as Housing Now projects that create mixed-used housing on transit-oriented, City-owned land. The financing will support: 

• 1,267 rental homes at Quayside. This complements the recent $975 million federal, provincial and City investment to complete enabling infrastructure to support 14,200 new homes along Toronto’s waterfront at Quayside and Ookwemin Minising.
• 1,226 rental homes at 49 Ontario St.
• 767 rental homes at 50 Wilson Heights Blvd.
• 705 rental homes at 777 Victoria Park Ave.
• 370 rental homes at 250 Wincott Dr.
• 341 rental homes at 26 Gilder Dr.
• 155 rental homes at 3379-3385 Lawrence Ave. E.  

The City says it is committed to working with other orders of government to achieve its 10-year goal of approving 65,000 rent-controlled homes by 2030. This includes 41,000 affordable rental, 6,500 rent-geared-to-income (RGI) and 17,500 rent-controlled homes. More information can be found on the City’s website. 

City officials also reaffirmed continued collaboration with the Government of Canada to address the needs of people experiencing homelessness in Toronto.  

As part of the Unsheltered Homelessness and Encampments Initiative (UHEI), the federal government has committed $25.8 million over two years to support the City’s immediate needs related to encampments. This complements the City’s contribution of $400 million secured through a partnership with the Province of Ontario. 

The City will use this funding to expand outreach work and enhance shelter services that support people to transition from encampments to homes. Planned initiatives include: 

• Leveraging partnerships with health, mental health and addictions services providers to support people with complex needs living in encampments.
• Hiring and training up to 20 additional front-line City staff to support encampments, along with partner agencies to provide additional street outreach. Together, these staff will allow the City to expand the Enhanced Outreach Model, which has seen great success in reducing large encampment sites in the last 18 months by moving people into shelter and housing.
• Supporting Indigenous-led, culturally-appropriate projects that help people from those communities who are disproportionately affected by homelessness. 

In response to rising U.S. tariffs, the City of Toronto has unveiled a new action plan aimed at protecting local businesses and workers, with a particular focus on strengthening Canadian supply chains in the construction sector.

Mayor Olivia Chow, joined by members of the Mayor’s Economic Action Team, announced the City of Toronto United States Tariff Response: A Strategy to Protect Toronto Businesses, Workers and Residents.

The action plan is part of a broader City staff report that outlines measures to mitigate the economic impact of U.S. tariffs, which are set to take effect on April 2 for all Canadian goods. Tariffs on steel, aluminum, and other exports are already in place, posing a significant challenge to Toronto’s economy, which drives 25% of Ontario’s GDP and conducts $123 billion in annual trade with the U.S.

“These trade measures create significant uncertainty for Toronto’s economy,” Mayor Chow said. “We are taking swift action to support our businesses, protect workers, and strengthen our local supply chains.”

Construction sector front and centre

Within the next 30 days, Toronto will implement 10 actions aimed at supporting businesses, including prioritizing Canadian suppliers in City procurement processes to bolster local manufacturing and industrial sectors.

For construction projects, the City plans to partner with regional municipalities and the Province to reduce reliance on U.S.-based suppliers and expand procurement opportunities for Indigenous, Black, and diverse suppliers. Additionally, efforts will be made to find local alternatives for key goods such as construction materials, technology, municipal water equipment, and paramedic supplies.

Procurement Policy Amendments

A major component of the plan involves amendments to the City’s procurement bylaw to give Canadian suppliers priority in competitive bidding processes. Proposed changes include:

• Exclusively awarding new City contracts under $8.8 million for construction to Canadian suppliers.
• Deeming American-based suppliers ineligible to bid on new contracts when it aligns with the City’s best interest.
• Enhancing supplier outreach programs to identify local alternatives for construction-related materials.

These amendments aim to ensure Canadian construction firms are positioned to thrive in the face of increasing U.S. protectionism.

Industrial Property Tax Deferral Program

Recognizing the financial strain on industrial businesses, the City is proposing an Industrial Property Tax Deferral Program. Eligible industrial property owners facing hardship due to tariffs could defer tax payments from June 1 to November 30, 2025, without incurring late fees or interest. The initiative, with an estimated cost of $300,000 to $750,000, is expected to provide much-needed liquidity to companies.

As the plan moves forward, it will be considered by the City’s Executive Committee on March 19, followed by Toronto City Council at the end of the month. The City is also collaborating with the Government of Canada and the Province of Ontario to coordinate efforts under a “Team Canada” approach, ensuring a unified response to U.S. trade policies.

As the trade war between Canada and the U.S. continues to simmer, government is looking to weather the storm by fast-tracking major projects, rethinking shelved ones and ensuring that Canadian companies and workers benefit the most. 

Big spenders: “The government should pay people to dig holes in the ground and then fill them up,” is how John Maynard Keynes, the father of Keynesian Economics put it. He argued that government spending can boost aggregate demand during economic downturns. Infrastructure projects often have a multiplier effect, where initial government spending leads to increased economic activity beyond the initial investment.

Picking up speed: While it’s hard to keep track of the day-to-day trade war updates, it’s safe to say the Canada’s faith in the U.S. as a trade partner and stable ally has been deeply wounded, and officials are looking to make some long-term changes.

• B.C. announced it will fast-track 18 critical mineral and energy projects worth approximately $20 billion in response to the threat of U.S. tariffs
• Alberta Premier Danielle Smith says the tariffs have caused a “sea change” in support for pipelines, including the possibility of an “Energy East 2.0”.
• Quebec Environment Minister Benoit Charette indicated that the government is open to reconsidering TC Energy Corp.’s Energy East pipeline and GNL Quebec’s proposal to build an LNG pipeline and export terminal in the Saguenay region.
• Quebec also says it has plans to accelerate the pace of infrastructure development.

Keeping in Canadian: There’s no point in trying boost the economy with public spending if that money doesn’t reach Canadians. That’s why officials have also been tearing up U.S. contracts and opting for local procurement policies.

• Ontario has banned U.S.-based companies from participating in government procurements as long as U.S. tariffs on Canadian exports are in place.
• Alberta has altered its procurement policies to only purchase goods and services from Canadian companies or countries with honoured free trade agreements with Canada
• The B.C. government and its Crown corporations say they will buy goods and services from Canada and other countries first.
• Industry Canada has been directed to prioritize the funding of projects that use predominantly Canadian steel and aluminum.
• Toronto has proposed procurement changes that would limit construction work under $8.8 million to Canadian companies.

Not our first rodeo: Franklin Delano Rosevelt’s New Deal is one of the most famous North American examples if this kind of policy. But we have some closer to home and in our more recent memory.  

• 2008 financial crisis – The federal government implemented a significant fiscal stimulus package in the 2009 and 2010 budgets, with 40% of it going towards “shovel-ready” infrastructure projects.
• COVID 19 – The government launched various infrastructure initiatives as part of the economic recovery plan. Priorities included seniors’ health care, ex-urban broadband, clean transit, and clean energy projects.

Key Takeaways:

• PSP Investments is making its largest Canadian infrastructure commitment by acquiring a 7.51% stake in the 407 Express Toll Route (407 ETR) for about $2.39 billion, with an additional deferred payment due within 18 months.
• After these transactions, the new ownership breakdown will be Ferrovial at 48.29%, CPP Investments and other institutional investors at 44.20%, and PSP Investments at 7.51%, with AtkinsRéalis exiting as a shareholder.
• PSP Investments aims to leverage its transportation sector expertise to support the long-term stability of the 407 ETR, aligning with its broader infrastructure strategy and strengthening partnerships with CPP Investments and Ferrovial.

The Whole Story:

One of Canada’s largest pension investors is getting into the highway business.

Public Sector Pension Investment Board (PSP Investments) announced that it has entered into agreements to acquire a strategic interest in 407 Express Toll Route (407 ETR), an all-electronic, barrier-free, toll highway spanning 108km in the Greater Toronto Area, from investment management organization Canada Pension Plan Investment Board (CPP Investments).

407 ETR is a privately leased and operated toll highway in Ontario. It is part of Highway 407, which spans the entire Greater Toronto Area (GTA) around the city of Toronto. The 407 ETR specifically refers to the 108.0 km (67.1 mi) segment from Burlington to Pickering

PSP Investments will add this 407 ETR investment to its global portfolio of road assets through the acquisition of a 7.51% stake for a purchase price comprised of approximately $2.39 billion payable at closing, and a deferred payment to be made up to 18 months after closing.

Simultaneously, engineering services and nuclear company AtkinsRéalis will enter into agreements to sell its remaining 6.76% stake in 407 ETR to CPP Investments and Ferrovial, a global infrastructure company. CPP Investments expects to acquire a 1.70% interest in 407 ETR from AtkinsRéalis, on the same basis as the deferred portion of the purchase price paid by PSP Investments. Net proceeds to CPP Investments from all of the applicable transactions are expected to be approximately $2.39 billion for a net 5.81% interest sold after closing.

Following completion of these transactions, ownership control of 407 ETR is expected to be attributed as follows: Ferrovial at 48.29%, CPP Investments and other institutional investors at 44.20%, and PSP Investments at 7.51%. AtkinsRéalis will cease to be a shareholder.

“We are pleased to join CPP Investments and Ferrovial in the 407 ETR ownership group. PSP Investments has deep expertise in the transportation sector and will support the long-term stability and reliability of this critical road that services more than 3 million Canadians each week,” said Sandiren Curthan, Managing Director and Global Head of Infrastructure Investments, PSP Investments. “Our investment in 407 ETR represents our largest infrastructure commitment in Canada to date and exemplifies our broader infrastructure strategy.

James Bryce, Managing Director, Head of Infrastructure, CPP Investments explained that tge transaction enables CPP Investments to optimize returns for CPP contributors and beneficiaries while building stronger ties with valued partners and continuing to own a significant stake in a high-quality business.

“We look forward to partnering with PSP Investments, Ferrovial and the management team, as the 407 ETR continues to deliver excellent service to the millions of individual and business customers who use the highway,” he said.

Here is a timeline of the highway’s history:

• 1994: Design-build contract awarded for initial construction
• 1997: Initial 68 km concrete toll motorway opened in October
• 1999: Ontario government announces privatization of Highway 407
• 2001: 39 km of extensions completed (24 km west, 15 km east), bringing total length to 108 km
• 2011: $35 million lane-widening project completed from Highway 403 to Highway 401 in the west, and from Highway 400 to Highway 401 in the east
• 2012: Construction begins on Highway 407 East project
• 2016: Phase 1 of Highway 407 East opens on June 20, extending 22 km to Harmony Road in Oshawa, including Highway 412
• 2018: Phase 2A opens on January 2, adding 9.6 km extension to Taunton Road
• 2018-2019: Widening project between Markham Road and Brock Road completed
• 2019: Phase 2B opens on December 9, adding 23.3 km extension to Highway 35/115, including Highway 418

Key Takeaways:

• The 25% U.S. tariffs on Canadian steel and aluminum are expected to have devastating effects on workers and communities in both countries, disrupting the industry and threatening jobs.
• Canadian steel producers are urging the government to impose tariffs on unfair imports from countries like China and to prioritize Canadian steel in publicly funded infrastructure projects to strengthen the domestic industry.
• Worker representatives view the tariffs as a direct attack on Canadian jobs and economic sovereignty, demanding wage subsidies, enhanced employment insurance, and strong retaliatory measures to protect workers and the economy.

The Whole Story:

As 25% tariffs go into effect on all Canadian steel and aluminum exported to the U.S., Canada’s industry is starting to feel the pain.

The size and scope of the industry is massive. In 2024, Canada exported approximately $7.1 billion USD worth of steel and $9.4 billion USD worth of aluminum to the U.S., accounting for 23% of total U.S. steel imports and 53% of total U.S. aluminum imports. While steel represents a significant portion of total U.S. imports, the country depends far more on Canadian aluminum to meet domestic demand.

Following the implementation of new U.S. tariffs, Canada swiftly responded by imposing countermeasures. These counter-tariffs, which took effect at midnight on Thursday, targeted $29.8 billion worth of U.S. goods, including steel, aluminum, computers, sports equipment, and cast-iron products.

François-Philippe Champagne, Minister of Innovation, Science and Industry, also directed Industry Canada to prioritize funding of projects that use predominantly Canadian steel and aluminum.

“Canadian steel and aluminum form the basis of North America’s critical infrastructure and manufacturing base, while supporting vital U.S. industries, including defence, shipbuilding and automotive,” said the minister. “They are also essential for securing our collective energy future and generate high-quality jobs on both sides of the border.”

“We will continue to stand strong for Canada, our workers, and our industries.”

Catherine Cobden, President and CEO of the Canadian Steel Producers Association (CSPA) explained that the announcement by President Trump of a 25% tariff on Canadian steel entering the United States has deeply damaged our mutually beneficial trading relationship.

Steel producers call for more industry support

“These tariffs will have devastating repercussions on both sides of the border for workers and communities that rely on a strong North American steel industry,” said Cobden. “Indeed, many are already feeling the impacts.”

Cobden praised Canada’s retaliatory tariffs, as well as ongoing efforts by government to resolve the trade war. However, she remained deeply concerned about the significant disruption and ongoing uncertainty being created by the United States for the industry. To build resiliency and long-term prospects for the sector in Canada, the association called on the government to act with urgency to address long standing concerns. Here’s what they want:

• Enact tariffs on all steel and steel derivatives from China and other known trade offenders to address unfair steel trade in Canada. Cobden said there remains significant levels of dumping and other unfair practices which erode the industry’s ability to compete.
• Asking all municipal, provincial and federal governments to step up and ensure they are prioritizing Canadian steel in all their publicly funded infrastructure projects.

Union says tariffs an ‘industry killer’

Worker representatives emphasized the massive impact the tariffs could have on Canadian jobs.

“These tariffs are nothing less than a potential industry killer,” said Marty Warren, United Steelworkers National Director for Canada. “It’s an economic attack on workers and our economic sovereignty. Trump’s protectionist charade is not about helping American workers but about using them as political pawns while jeopardizing jobs on both sides of the border. Canadian steel and aluminum workers will not be intimidated. We are ready to fight back and we will.”

The new measures, which extend to downstream products containing non-U.S. steel and aluminum, come on top of previous tariffs that have already placed massive strains on Canadian industry. While the existing tariffs are temporarily paused until April 2, if they take effect as planned, these combined tariffs will amount to 75% on steel and 60% on aluminum.

“This is a serious escalation in an unnecessary trade war with a trusted ally, and jobs and communities on both sides of the border hang in the balance,” said USW International President David McCall. “USW members across North America work together. We also fight together. And when it comes to beating back ill-advised trade policy that hurts us all, we will win together.”

He called on Canada to institute wage subsidies and enhanced employment insurance. He also stressed the importance of prioritizing domestic procurement and hit back at the U.S. with retaliatory tariffs on key industries.

“This isn’t just about steel and aluminum – this is about protecting Canada’s economy, its workers and its sovereignty,” Warren said. “We will not stand by while Trump uses our jobs as bargaining chips in his political game. Steelworkers will fight back on the shop floor, in the halls of government and in the streets if necessary.”

Steel tariff deja vu

During his first term as president, Donald Trump initiated a significant trade dispute with Canada over steel and aluminum imports. In March 2018, Trump imposed tariffs of 25% on steel and 10% on aluminum imports from most countries, including Canada. These tariffs were implemented under the justification of national security concerns. The dispute continued for about a year, affecting various industries and causing economic uncertainty on both sides of the border. In May 2019, nearly a year after the tariffs were implemented, the U.S., Canada, and Mexico reached an agreement to remove the tariffs and ultimately paved the way for the ratification of the United States-Mexico-Canada Agreement (USMCA), which replaced the North American Free Trade Agreement (NAFTA).

Key Takeaways:

• The catalogue features standardized designs for rowhouses, fourplexes, sixplexes, and accessory dwelling units to accelerate construction and reduce costs, particularly benefiting smaller homebuilders.

• Architectural firms across Canada contributed region-specific designs, ensuring the catalogue addresses diverse construction methods, materials, and local building codes, while also prioritizing accessibility, energy efficiency, and financial feasibility.

• The catalogue aims to simplify the path from concept to construction by providing ready-to-use architectural and engineering plans, technical guidance, and cost estimates, helping builders deliver housing more efficiently.

The Whole Story:

New standardized designs for housing across Canada have arrived.

The federal government released the final renderings, floor plan layouts, and key building details as part of the Housing Design Catalogue, an initiative under Canada’s Housing Plan. The catalogue features some 50 standardized housing designs for rowhouses, fourplexes, sixplexes, and accessory dwelling units across the country.

“These standardized designs will help smaller homebuilders cut through the complexity, speeding up the time between concept and construction and lowering costs of building,” said Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities.

Firms chosen to develop designs for the catalogue include MGA | Michael Green Architecture for the British Columbia region. LGA Architectural Partners Ltd. worked with five other teams of regional experts: Dub Architects (Alberta), 5468796 Architecture (Manitoba and Saskatchewan), KANVA (Quebec), Abbott Brown Architects (New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island), and Taylor Architecture Group (Yukon, Northwest Territories, and Nunavut). LGA itself covered the region of Ontario.

Officials stated the announcement provides a head start for homeowners, builders, and communities in their planning processes. The regional architecture and engineering teams were instructed to focus on creating gentle density and infill development in existing neighbourhoods in all regions of the country. The final architectural design packages will be released this spring.

To help ensure the Housing Design Catalogue supports the goals of Canada’s housing system, numerous principles were considered during the development phase. These principles include adaptability and accessibility, energy efficiency, financial feasibility, use of regional construction methods and materials, and compliance with local regulations and building codes.

Once the final architectural design packages are ready, the Housing Design Catalogue will help builders streamline the process from concept to construction, cutting costs and speeding up housing delivery. The catalogue simplifies design, ensures compliance with building codes, and helps estimate costs—so homes can be built faster.

The designs cover all regions of the country: British Columbia, Alberta, Manitoba and Saskatchewan, Ontario, Quebec, the Atlantic provinces (New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island), and the territories (Yukon, Northwest Territories, and Nunavut).

The final architectural design packages will consist of architectural and engineering drawings and specifications, including accessible-ready and enhanced-accessible layouts; technical guidance on topics such as site considerations and energy modeling;  and, construction cost summaries for each housing design in regions across the country.

The federal government is drawing inspiration from Canada Mortgage and Housing Corporation (CMHC)’s post-war housing design catalogues developed between the 1940s and 1970s. 

Here are renderings of some of the new designs:

Key Takeaways:

• The Canada Infrastructure Bank (CIB) has provided a $100 million loan to the Enoch Cree Nation to support infrastructure for a 256-acre mixed-use development, including essential utilities, roads, and facilities such as a cultural center, medical center, and elders facility.
• The project aims to diversify the Enoch Cree Nation’s economy, creating a self-sustaining future for over 2,800 community members while generating up to 800 jobs for both local and surrounding area residents.
• Nation officials emphasize the historic significance of this investment in closing long-standing infrastructure gaps faced by many Indigenous communities, highlighting the financial accessibility provided by the CIB’s Indigenous Community Infrastructure Initiative.

The Whole Story:

The Canada Infrastructure Bank (CIB) has reached financial close on a $100 million loan to help the Enoch Cree Nation develop its reserve near Edmonton, Alberta. The agreement enables a future elders facility, a cultural centre and medical centre and more than $1 billion in commercial and residential development.

The enabling infrastructure includes construction of water and wastewater mains, roads and installation of underground utilities at the 256-acre mixed-use development.

Officials say the development will diversify the First Nation’s economy and create a self-sustaining future for more than 2,800 community members.

The project will also support up to 800 jobs for community members and individuals living in the surrounding areas. Enoch Civil Construction LP, the First Nation’s heavy civil construction company, will hold the primary contract for the project as the general contractor. Construction is expected to be completed in 2027.

The investment follows a $15-million CIB loan in August 2023 towards upgrades to the main transportation artery within the reserve, including pedestrian crossings and a new multi-use pedestrian trail.

“Our second investment with the Enoch Cree Nation supports its ongoing work to develop their reserve and create a self-sustaining future for community members,” said Ehren Cory, CEO, Canada Infrastructure Bank. “The enabling infrastructure will create jobs and needed road, water and wastewater infrastructure. The end result will be a new mixed-use development with office and retail space and community resources.

Nation officials noted that the announcement is historic and begins to help address infrastructure issues that many other Indigenous groups face.

“Like many First Nation communities in Canada, we have struggled to address many infrastructure gaps that hinder our Nation from moving forward,” said Enoch Cree Nation Chief Cody Thomas. “The CIB’s Indigenous Community Infrastructure Initiative has allowed our Nation to borrow the necessary capital to address some of the infrastructure gaps that we are currently experiencing at terms that are financially suitable.”

Canada is embroiled in a bitter trade war with the U.S., putting immense pressure on countless businesses. The U.S. is now imposing 25% tariffs on all goods imported from Canada, with a 10% tariff on energy and critical minerals. Canada has responded with its own tariffs in retaliation.

If you are looking to support Canadian construction businesses during the crisis, check out our list of producers. They make everything from steel girders to steel-toe boots. And if there is a made-in-Canada company that you think should be featured, let us know at hello@readsitenews.com.

Steel

Algoma Steel was forged in 1901 with two small blast furnaces, a 60-ton Bessemer furnace, a 23- inch bloom rolling mill and rail mill. It has since grown into a fully integrated steel producer based in Sault Ste. Marie, Ont. The company manufactures and sells hot and cold rolled steel products including sheet and plate.

Canam Steel Works Inc. was founded in St. Gédéon de Beauce, Que. in 1960. Despite a series of devastating fires, the company persisted. The company says it has been involved in more than 300,000 Construction projects in North America.

Solid Rock is a classic immigrant success story. Berend Steunenberg learned the metal fabricating trade while growing up in Holland and and took his skills to Vancouver in the 1950s. Now the company is helping tackle large, complex projects like The Butterfly, the Surrey Central Library and Microsoft’s Vancouver headquarters.

Stelco is a long-standing integrated steel producer in Canada, primarily focusing on flat-rolled steel products. They produce hot-rolled and cold-rolled steel as well as coated products, serving industries such as automotive, construction, and energy.

AltaSteel, located in Edmonton, Alberta, specializes in producing high-quality steel products for industries such as construction and energy. The company plays a vital role in Western Canada’s steel industry by supporting local businesses and infrastructure projects.

Supreme Steel is headquartered in Acheson, Alberta, near Edmonton. It is the largest privately owned steel fabricator in Canada and provides services such as engineering, fabrication, and installation for industrial and commercial projects. Supreme Steel has contributed to iconic projects like the Port Mann Bridge and Anthony Henday bridges.

George Third & Son is a prominent steel fabrication company based in Burnaby, British Columbia, Canada. Founded in 1910, the company has over a century of experience in the steel industry.

Wood

Interfor Corporation, founded in 1963 and based in Vancouver, is one of the largest lumber providers globally, with 21 mills across North America. Interfor’s operations span British Columbia, Ontario, Quebec, and the U.S. South, producing a wide array of wood products, including softwood lumber and engineered wood.

West Fraser Timber Co. Ltd., founded in 1955 in B.C., has grown to become one of the largest lumber producers in the world. The company operates over 60 mills across Canada, the U.S., and Europe, producing a wide range of wood products, including softwood lumber, plywood, OSB, and engineered wood.

Nordic Structures, based in Montreal, has worked on many projects in the U.S. and Canada, including Canadian Nuclear Labratories, Plate 15, Paul Mercier Library and more. Since 1961, Nordic has been using trees to make construction materials at its industrial complex in Chibougamau.

Canfor Corporation is a forest products company headquartered in Vancouver, B.C. Founded in 1938, Canfor specializes in producing lumber, pulp, and paper products, serving markets across North America, Asia, and Europe. The company operates numerous sawmills and pulp mills, with a strong presence in B.C., Alberta, and the U.S. South. In 2019, the Jim Pattison Group, one of Canada’s largest private companies, became Canfor’s majority owner, ensuring it remains Canadian-owned.

Tolko Industries Ltd., established in 1956 and based in Vernon, B.C., is a family-owned company that has grown into a significant player in the North American wood products industry.

Western Forest Products specializes in high-value, specialty lumber from the coastal forests of British Columbia. They serves niche markets like marine applications, custom homebuilding, and furniture manufacturing.

Stella-Jones, based in Montreal, Quebec, specializes in producing pressure-treated wood products, particularly utility poles and railway ties. They also manufacture lumber for residential construction. In 2025, Stella-Jones reported revenue of $2.5 billion.

Heavy equipment

Tigercat is a privately owned, vertically integrated Canadian corporation with deep expertise in engineering, fabrication, manufacturing, and the support of machinery suited to severe duty applications. The off-road industrial product line includes land clearing, silviculture and site preparation equipment as well as other specialized severe duty carriers used in a variety of industries including utilities, oil and gas and construction.

MacLean Engineering, based in Ontario, manufactures a range of underground mining machinery, which is also used in construction projects, particularly in tunnel construction and underground operations. Their machinery includes mobile mining equipment, bolters, scissor lifts, and other safety-focused tools.

Foremost is a Canadian company that manufactures heavy-duty construction and industrial equipment. Located in Calgary, Alberta, their product range includes drilling rigs, vacuum trucks, and specialized equipment for construction and mining applications.

Cement/Concrete

Béton Provincial Ltée, a Quebec-based family-owned company established in 1960, stands out in Eastern Canada for its diverse, high-quality concrete and paving products. They focus on a personalized customer approach and boast a wide distribution network, supplying construction projects across the region. In recent news, Béton Provincial made headlines by acquiring assets from CRH Canada, further solidifying their position in the market.

Federal White Cement, based in Woodstock, Ontario, specializes in white Portland and masonry cement for the construction industry. This family-owned company prioritizes innovation, offering traditional and eco-friendly white Portland cement options alongside white masonry cement.

Miller Cement supplies bulk Portland cement and specialty cementing materials. The Ontario-based company emphasizes sustainable practices and control their delivery process across the province.

Ciment Québec, boasting one of the most modern cement plants in North America, is a key player in Quebec’s construction industry. Their offerings include cement, concrete, construction materials, and aggregates. 

BM Group, based in B.C., has more than 40 years of history supplying Canada with concrete. It boasts expansive ready mix facilities and a constantly growing fleet. Alongside concrete supply is its precast manufacturing operation which offers a vast catalogue of precast concrete products.

Tools/gear

Gray Tools focuses on manufacturing hand tools for accomplished tradespeople. Founded by Alex Gray in 1912, the company offers over 6,000 hand tools designed for the specific work and needs of the professional user under two brands: Gray and Dynamic Tools. They are Canada’s only broad line manufacturer of hand tools.

Task Tools is a Canadian company founded in 1968, based in Delta, British Columbia. It is a family-owned and operated business that specializes in developing high-performing, quality tools for construction professionals. Task Tools offers three brands: TASK Signature, TASK, and Tuf-E-Nuf.

JessEm Tools manufactures precision woodworking tools. They are Canadian-owned and produce their tools in New Brunswick.

Rolgear Manufacturing produces a patented toothless ratchet system used in hand tools such as screwdrivers and socket wrenches. They are located in Ashcroft, B.C.

Tiger Torch manufactures propane and natural gas blow torches near High River, Alberta.

Veritas Tools produces high-quality woodworking hand tools, including planes, sharpening tools, joinery saws, marking and measuring tools, chisels, and carving tools. The Ontario company boasts 1250 products and more than 100 patents.

RAD Torque Systems is a Canadian manufacturer of pneumatic, battery powered, and electronic pistol grip torque wrenches which are marketed under the RAD trademark. RAD products are used in oil & gas, petrochemical, mining, aerospace, power generation and manufacturing.

Busy Bee Tools, a proudly Canadian-owned and operated company, has been specializing in woodworking, metalworking, and industrial tools since 1976. Headquartered in Concord, Ontario, the company has expanded nationwide with locations in Ottawa, Mississauga, London, Dartmouth, Pickering, Barrie, and more.

Perma Pouch Inc. specializes in designing and manufacturing leather tool belts and pouches. The Burnaby, B.C. company’s products are 100% Canadian-made, focusing on durability and functionality for tradespeople. Perma Pouch is known for its commitment to local production and high-quality craftsmanship.

Impact Poly Hammers is a Saskatoon-based company that produces professional-grade soft-faced dead-blow hammers. Their hammers feature increased steel frame construction and fully welded heads. They offer a variety of sizes and are known for their durability, with some users reporting their hammers lasting for 15 years without significant wear.

Akribis Leather designs and manufactures rugged, high-quality tool belts specifically for tradespeople. Founded by Luke Riemer, the Summerland, B.C. company started with custom-made belts tested in the harsh conditions of the Okanagan Valley. 

Personal protective equipment

Canada West is a 47-year old boot manufacturer that has a variety of styles for steel toe work boots. Based in Winnipeg, Canada West states that making Goodyear welted footwear may not be the easiest way to make a boot or shoe, but they still believe it is the best way. Especially for heavy-duty work boots and western boots used throughout Canada.

Big Bill is a fourth-generation family business and a brand of Codet Inc., dedicated to producing high-quality workwear for over 75 years. Founded by Charles E. Audet in Coaticook, Quebec, the company has grown into a North American leader with four specialized divisions: workwear, outdoor clothing, flame-resistant apparel, and safety footwear.

Superior Glove is a Canadian company specializing in hand protection. Based in Acton, Ontario, they manufacture a wide range of gloves for industrial applications, including cut-resistant and heat-resistant options. They are one of the largest glove manufacturers in North America with a strong focus on local production.

Dynamic Safety produces above-the-neck PPE for industrial applications. The Quebec company manufactures hard hats, ear muffs, and other safety equipment designed for workers in construction, manufacturing, and other industrial sectors. Dynamic Safety continues to operate its manufacturing plant in Laval, focusing on North American production.

Covergalls is a Sudbury, Ontario manufacturer of industrial PPE and workwear designed specifically for women. Founded by Alicia Woods in 2013, the company has grown significantly and now produces a wide range of PPE products tailored to women’s needs in various industries.

Tatra is a 100% Canadian-made work boot manufacturer based in Dunnville, Ontario. They produce high-quality, hand-crafted CSA work boots and emphasize their commitment to supporting fellow Canadians by providing quality work boots and jobs. As of February 28, 2025, Tatra continues to manufacture their boots entirely in Canada.

Mellow Walk, located in Toronto, Ontario, produces safety footwear including work boots and shoes. They offer a range of styles, from steel-toe work boots to composite toe athletic work shoes, all manufactured in Canada.

Royer, based in Lac-Drolet, Quebec, has been manufacturing work boots since 1934. They offer a “Made in Canada” line that guarantees the product was made in their Lac-Drolet factory from top to bottom.

Hardware

Leland Industries is one of Canada’s leading manufacturers of fasteners, including nails, bolts, nuts, and screws. The B.C. company specializes in providing high-quality steel fasteners for a variety of industries, including construction, automotive, and industrial applications.

Can-Eng Manufacturing specializes in cold-heading and forging processes to produce nuts, bolts, screws, and other metal products. Their fasteners are used in industries such as construction, automotive, and energy.

Pacific Bolt is the largest bolt manufacturer in Western Canada. They produce construction fasteners and anchors using domestic steel.

Canadian Stainless Fasteners Inc., based in Pitt Meadows, BC, has been supplying and distributing fasteners since 1995. While primarily a distributor, they also offer custom design services for fasteners.

After weeks and weeks of threats, delays and changes, U.S. President Donald Trump has launched his trade war against Canada. Here’s what you need to know.

What is impacted: The U.S. is now imposing 25% tariffs on all goods imported from Canada, with a 10% tariff on energy and critical minerals. This includes a plethora of products but let’s focus on two of the big ones.

• Wood – In 2020, 67% of Canada’s softwood lumber production was exported, with 84% of these exports destined for the U.S. In 2024, the United States imported wood and articles of wood, including wood charcoal, from Canada totaling approximately $11.59 billion.
• Steel – In 2024, the U.S. imported approximately $7.69 billion worth of iron and steel products from Canada, making us its largest supplier. However, Steel is facing a double whammy. In addition to the current tariffs, Trump plans to implement 25% more tariffs starting later this month, meaning Canadian imports would have a 50% tariff placed on them.

Both ways: Canada has fired back with immediate matching tariffs on $30 billion worth of American goods. For construction, this includes:

• Sands for concrete
• A variety of plastics used in building products
• Floor coverings
• Engineered wood products
• Construction equipment tires
• Hand tools
• Power tools
• Lighting fixtures
  

After a review period of 21 days, Prime Minister Justin Trudeau has promised to raise this retaliation to impact $155 billion worth of American goods.

What you can expect to see:

• Business closures – Communities with large dependence on industries that mainly export to the U.S. are in trouble. This is especially true for eastern steel/aluminum producers who are facing double the tariffs. Steel orders were already slowing and at least one plant making electrical cables has shut its doors.
• Job losses – A report by the Washington-based Brookings Institution predicts the tariffs could kill 510,000 Canadian jobs. Canadians are much more pessmistic. Quebec says it could lose up to 100,000 jobs if the tariffs remain in place for six months and up to 160,000 if they last a year. Ontario believes 500,000 jobs are at risk in Ontario alone.
• ‘Buy Canadian’ movements – We have already seen multiple provinces float policies that would ban U.S. procurement. Ontario has shredded a $100M contract with StarLink and economists have encouraged builders to get goods from Canadian producers as much as possible.
• Higher construction costs – Countervailing tariffs could cause increases in construction costs say home building groups. Canada imports some $3.5B in glass and glass products, $3.1B in major appliances, $2.2B in hardware, and about $1B in ceramic tile and products. Our second phase of tariffs, slated to come into place after 21 days, currently includes steel and aluminum. Canada imports some $17B of steel and aluminum. 
• Increased public sector work – With a federal election on the horizon, some economics experts believe candidates will have little choice but to make up for economic hit from tariffs with government spending, including large public infrastructure projects. This could provide opportunity for builders to have steady work and create jobs.
• Recession – Yep, that dreaded word. Economists say if these tariffs contine, the nation will likely be plunged into a full-blown recession this year.

In the days leading up to the tariffs showed a consistent decline in the Canadian stock market, with a notable dip following the tariffs and counter tariffs.

The response from the construction sector has been swift, with many warning that retaliating with our own tariffs could be catestrophic. Here’s what industry leaders are saying:

While Canada’s retaliatory tariffs are understandable, all considerations regarding the industry and housing supply and affordability should be considered, with an emphasis on avoiding tariffs on construction products and materials, unless other domestic or import solutions can be easily found for comparable prices. Governments can also help offset the impact that countervailing tariffs will inevitably have on housing affordability by removing the GST (and PST/HST) on new construction, as well as lowering development taxes at the municipal level, particularly in those municipalities with extremely high development taxes.

Canadian Home Builders’ Association CEO Kevin Lee

These tariffs present a significant risk for the construction industry. This likely means increased costs for homebuilding and trade-enabling infrastructure, impacts to our supply chains and trading relationships, and a weakening of our economic development and productivity. While the federal government is right to respond in kind, CCA reiterates its call for all governments to consider economic measures to support Canadian businesses and stimulate our economy, in consultation with industry. 

The Canadian Construction Association

Canadian retaliation, while understandable in the circumstances, will magnify the blow to our economy by raising costs/prices for consumer goods and business inputs. This is particularly true given that the U.S. is the number one source of Canadian and B.C. imports.

Jock Finlayson, Senior Economist, Independent Contractors and Businesses Association

And so it begins. A trade war with no winners. Critical that we stay calm, calulated, respond thoughtfully and lets not overreact. Hard to know the impact, with such policy volatility, but I suspect potentially less than some fear. In the end moves like this, that make so little sense, are unlikely to last. 

Jon Love, Founder, KingSett Capital

Breaking internal barriers: There have also been calls to make provincial trade easier by cutting inter-provincial red tape. Last week, officials told the provinces and territories Friday that Ottawa will remove more than half of federal internal trade barriers in an effort to make the nation less reliant on the U.S. Statistics Canada data shows that the most commonly reported obstacle to interprovincial trade was the cost of transportation for both businesses purchasing (27.4%) and selling (23.2%) goods or services.

Deja vu: In 2018, the Trump administration imposed significant tariffs on Canadian steel (25%) and aluminum (10%) imports, citing national security concerns under Section 232 of the Trade Expansion Act. Canada retaliated by imposing tariffs on $12.6 billion worth of U.S. goods, including steel, aluminum, and various consumer products. This trade conflict resulted in economic disruptions for both countries, with Canadian exports of steel to the US dropping by nearly 40% in the first month of implementation, while economists estimated at least 75,000 job losses across the U.S. manufacturing industry by mid-2019.