Category: Economy

Key Takeaways:

• The federal government is set to launch the Housing Design Catalogue in December 2024, featuring up to 50 standardized designs, including row housing and accessory dwelling units.
• The project has received $11.6 million in funding from Budget 2024 and involves collaboration with architects like MGA | Michael Green Architecture and LGA Architectural Partners Ltd., alongside regional experts.
• The Housing Design Catalogue aligns with the government’s broader strategy to address the housing crisis by integrating various housing programs and supporting an Industrial Strategy for Homebuilding. This approach aims to improve construction efficiency, reduce costs, and provide detailed, permit-ready design packages by early 2025.

The Whole Story:

Sean Fraser, Minister of Housing, Infrastructure and Communities, unveiled plans for the Housing Design Catalogue, a key initiative aimed at expediting the construction of new housing across Canada. The first iteration of the catalogue, set to launch this December, will feature up to 50 standardized conceptual designs, including row housing, fourplexes, sixplexes, and accessory dwelling units, intended to streamline the design, approvals, and construction processes.

“We need to build more homes, faster to end Canada’s housing crisis and ensure that everyone has a safe and affordable place to call their own,” said Minister Fraser. “The Housing Design Catalogue will help get us there by expediting approval processes and building times, and reducing the cost of building.”

The design contracts were awarded to MGA | Michael Green Architecture, which will cover British Columbia, and LGA Architectural Partners Ltd., which will collaborate with five regional teams to develop designs for Alberta, the Prairies, Ontario, Quebec, the Atlantic, and the North. In addition, an open submission process has been launched, inviting industry members to contribute existing prefabricated housing designs, with submissions due by November 8, 2024.

The government is also preparing to launch a competition in November for innovative mid-rise building designs, which will inform future iterations of the catalogue. The initiative aligns with Budget 2024, which allocated $11.6 million for the development of the catalogue, underscoring the federal commitment to tackling the housing crisis through collaboration with provinces and municipalities.

With the aim of integrating other housing programs, the Housing Design Catalogue is expected to support an Industrial Strategy for Homebuilding, expediting construction methods while reducing costs. Detailed construction packages, compliant with building code requirements, will be made available in early 2025, further facilitating the development of new homes.

The Housing Design Catalogue is a recent initiative by the Canadian federal government, announced in late 2023 as part of efforts to address the country’s housing crisis. This project draws inspiration from a post-World War II program run by the Canada Mortgage and Housing Corporation (CMHC) between the late 1940s and 1970s, which provided standardized house designs to speed up construction.

The modern iteration, supported by Budget 2024 with $11.6 million in funding, aims to provide pre-approved, standardized housing designs that can be used across the country to accelerate construction and reduce costs. The government began targeted consultations with industry professionals, technical experts, homebuilders, non-profit housing providers, and various levels of government in January 2024 to inform the catalogue’s development.

In July and August 2024, the federal government invited multidisciplinary design teams to submit proposals for the first iteration of the catalogue, focusing on low-rise designs. The initiative is expected to feature a variety of housing types, including accessory dwelling units, multiplexes, and small to medium-sized buildings, with potential expansion to higher-density constructions and innovative building methods like modular and prefabricated homes.

Key Takeaways:

• Nearly 70% of crane activity across North America is focused on residential and mixed-use developments, signaling strong demand in these sectors.
• Calgary saw a significant 20% increase in crane numbers, driven by major infrastructure projects like the Green Line LRT and affordable housing developments.
• Toronto’s crane count increased slightly, with 83 cranes in the downtown core, highlighting a recovery in construction activity following a slowdown earlier in the year.

The Whole Story:

North America’s construction industry is showing resilience despite a slight downturn in activity, according to Rider Levett Bucknall’s (RLB) Crane Index for Q3 2024.

Published biannually, the index tracks the number of operating tower cranes across 14 major U.S. and Canadian cities, providing a snapshot of the industry’s workload.

While the report shows a modest 5% decrease in crane activity since Q1 2024, the construction sector remains active, particularly in residential and mixed-use projects, which make up nearly 70% of all crane activity.

Of the 14 cities surveyed, seven experienced an uptick in crane numbers, four saw significant declines, and three held steady, showcasing the ebb and flow of urban development across the continent. The mixed-use sector, which blends residential, commercial, and retail spaces, continues to drive much of the growth.

Canadian cities: Calgary leads, Toronto shows steady growth

Calgary emerged as a standout in the Q3 report, experiencing a 20% rise in crane numbers, bringing the total to 24. This growth is largely attributed to major projects like the $1.2 billion Calgary Events Centre and the $5.5 billion Green Line LRT project. Additionally, residential construction to address affordable housing needs is ramping up, with $550 million allocated to new projects.

Meanwhile, Toronto, long known for its bustling construction scene, saw a slight increase in crane numbers, with the count rising to 83 cranes in the downtown core. Residential developments continue to dominate, with 43 cranes dedicated to housing projects. This resurgence follows a slowdown earlier in 2024, suggesting renewed growth across various sectors, including healthcare and education.

International trends: Mixed-use and residential dominate

Across the United States, mixed-use and residential projects remain the key drivers of construction. Cities like Seattle, Denver, and Los Angeles are seeing stable activity, although some regions, such as downtown Portland, are feeling the effects of high office vacancy rates, resulting in fewer cranes.

Boston, which saw a 22% reduction in crane count, continues to focus on mixed-use developments and educational projects. The city’s construction remains robust, despite the overall decrease.

Looking ahead

The Crane Index points to a dynamic and evolving construction landscape. Though some areas face challenges, such as high office vacancy rates, the ongoing demand for residential and mixed-use developments indicates a strong future for North America’s urban infrastructure.

With major infrastructure projects continuing and capital investments flowing into healthcare, education, and public-sector initiatives, the industry is expected to remain resilient despite market fluctuations.

Key Takeaways:

• BC Conservative Leader John Rustad emphasized cutting red tape, with a promise to reduce government regulations by 25% in the first term and introduce a red tape reduction law to ease the regulatory burden on the construction industry.
• He pledged to eliminate the federal carbon tax and outdated fuel standards, which would lower fuel costs for construction companies, along with streamlining the permitting process to speed up project approvals.
• Rustad committed to several major infrastructure projects, such as bridge replacements and highway expansions, while also addressing the labour shortage by simplifying accreditation for internationally trained workers and opening up procurement processes.

The Whole Story:

BC Conservative Party Leader John Rustad addressed the construction sector this week, outlining his vision for the construction industry in B.C. Rustad’s speech at the Independent Contractors and Businesses Association’s Construction Innovation Summit highlighted his party’s focus on cutting red tape, reducing the cost of doing business, and supporting significant infrastructure projects to boost the construction sector.

Rustad stated that a BC Conservative government would prioritize reducing barriers for the construction industry, starting with a commitment to reduce government regulations by 25% in its first term. “We need to get government out of the way,” Rustad said, emphasizing the need for a more efficient regulatory environment to help the private sector thrive. He also proposed introducing a red tape reduction law to ensure that for every new regulation implemented, existing regulations would be removed.

Highlighting the challenges faced by construction businesses due to high fuel costs, Rustad promised to eliminate the carbon tax and outdated carbon fuel emission standards, which he claimed would reduce costs for construction companies by approximately 36 cents per litre of fuel. He cited an example from a construction site in Surrey, where the carbon tax on fuel used to dig a housing foundation added $40,000 to the project’s costs.

Rustad also pledged to accelerate the permitting process for building projects, working with municipalities to reduce approval times for building permits and business permits. He cited concerns from contractors regarding lengthy and complex processes that slow down construction, particularly in urban areas like Vancouver.

On infrastructure, Rustad committed to several major projects, including the replacement of key bridges and expansion of highways. Notable projects mentioned included a new bridge across Okanagan Lake, replacement of the Taylor Bridge in Peace Country, replacing the Ironworkers Memorial Bridge, fast-tracking the George Massey Tunnel replacement project, and upgrading Highway 19 in Nanaimo. He also stressed the importance of expanding Highway 1 to six lanes from Vancouver to Chilliwack to alleviate congestion, calling it a “critical link” for the province. He would also extend permits for LNG infrastructure projects.

“They would have to go back to the environmental assessment process. That would take probably 10 years and we would lose another generation of opportunity for LNG,” he said.

The

In terms of labour, Rustad acknowledged the industry’s ongoing struggle to find skilled workers and pledged to reduce barriers for internationally trained workers to obtain accreditation in BC. “We need to ensure people can get to work right away, rather than being held back by long, cumbersome processes,” he said.

Rustad also touched on procurement policies, promising to implement an open procurement process for qualified contractors and workers, which would provide greater opportunities for local construction businesses. Additionally, he emphasized the need to expand industrial land availability to support manufacturing and construction growth in the province.

“It’s time to get this province back up and running,” Rustad declared, emphasizing that his party’s approach would focus on unleashing the potential of the private sector while reducing government intervention. He concluded by stating that a BC Conservative government would “bring common sense back” to B.C.’s construction industry, enabling companies to succeed and pay good wages, which in turn would address affordability issues.

BC Premier David Eby has also been busy courting the province’s construction sector as election day approaches. Eby recently announced several key policy initiatives aimed at enhancing the construction sector and addressing housing needs. He pledged to fast-track the factory-built home construction sector by streamlining regulations and creating a province-wide framework for municipalities, which includes approving “ready-to-use” designs to expedite the permitting process.

Eby also unveiled a $36-billion investment plan for BC Hydro infrastructure over the next decade, expected to support 10,500 to 12,500 jobs annually while expanding the electrical system for industrial development and housing. Additional commitments include eliminating ‘no pet’ clauses in rental buildings, subsidizing insurance for small landlords, and building new long-term care facilities. Furthermore, he proposed a new streamlined approval process for electricity projects and plans to establish an addictions treatment center specifically for construction workers.

Canada’s construction industry is exploding and these companies are leading the charge. A recent list of fastest growing companies in Canada saw the nation’s industrial sector featured heavily. These businesses are reshaping the landscape, tackling diverse sectors from residential and commercial building to infrastructure and specialized services. As demand for sustainable and efficient construction continues to rise, these standout firms are driving growth, creating jobs, and setting new standards in the industry. Here’s a look at the top companies that are making waves across the Canadian construction scene.

Cairo Development – Calgary, Alta.

Cairo Development, located in Calgary, specializes in multi-family residential projects and construction management. Founded by Ash Mahmoud, the company has completed over 8,000 multi-family and commercial units. Cairo Development is currently involved in 10 multi-family projects across Alberta, including River’s Edge on 8 Street SE and Kings Landing on 67 Ave SW. The firm focuses on delivering value-engineered construction services and has established a presence in both Calgary and Edmonton to meet the demand for new developments in the region.

MMEnergy – Sherwood Park, Alta.

MMEnergy, an electrical contracting company based in Sherwood Park, Alberta, specializes in providing comprehensive electrical services for industrial and commercial projects. With a strong emphasis on safety, reliability, and quality, MMEnergy offers a wide range of solutions including equipment installation, power distribution, lighting systems, and preventive maintenance. The company is known for its expertise in optimizing electrical operations to enhance efficiency and performance across various sectors.

HKC Construction – Mississauga

HKC Construction is a prominent national general contractor, specializing in commercial, industrial, and institutional construction projects. With over a decade of industry experience, the company offers a comprehensive range of services, including general contracting, construction management, and design/build solutions. Their work includes office renovations, school renovations, restaurant build-outs, and warehouse construction.

Astro Excavating Inc. – Toronto, Ont.

Astro Excavating Inc., located in Toronto, Ontario, is a specialized contractor renowned for its expertise in excavation, site grading, and environmental remediation. The company is fully unionized and boasts a skilled team dedicated to delivering high-quality results across various construction projects. They have been working on excavations for developments such as Y9825 in Richmond Hill, a 22-storey mixed-use project by Metroview Developments, and a 37-storey mixed-use building at Spadina subway station in Toronto’s Annex neighbourhood.

Dragon Industrial Services – Leduc, Alta.

Dragon Industrial Services Ltd. is a privately-owned Canadian company specializing in refractory installations and high-angle stack work. Founded to provide an open-shop alternative in the refractory market, the company’s expertise extends to providing complete project solutions, from design and procurement to refractory dry-out, utilizing an extensive library of refractory products to ensure modern and technical installations. Recently, Dragon Industrial Services expanded its service offerings by launching Dragon Ice Blasting Ltd., a new division focused on dry ice blasting for industrial cleaning needs.

Giffen Consulting – Vancouver, B.C.

Giffen Consulting Ltd., is a specialized engineering and design company providing innovative solutions for the mining, utility, and heavy industrial sectors. The company’s expertise spans various areas, including electrical engineering, instrumentation, and control systems design. Giffen has been involved in many significant projects, including the design and implementation of power distribution systems for major mining operations and the development of advanced control systems for industrial facilities.

Rain City Industrial – Vancouver, B.C.

Rain City Industrial is one of Western Canada’s premier design-build firm specializing in industrial workspaces. The company offers custom solutions for offices, warehouses, and specialty construction workspaces, catering to diverse industries including manufacturing, cold storage, warehouse and distribution, life sciences, and agritech. Founded in 2017, Rain City Industrial has expanded its services to include Rain City Cold Storage & Controlled Environments and Rain City Racking, providing comprehensive in-house resources. The company’s unique capability as the only design-build contractor in Canada with a warehouse racking and storage dealership allows for seamless integration of storage solutions within overall project designs. Recently, Rain City Industrial has been involved in several significant projects, including work for PBX Logistics, Molicel, and Pattison Food Group.

Orion Construction – Langley, B.C.

Orion Construction is a rapidly growing design-build contractor specializing in industrial, commercial, and multi-family construction projects across Western Canada. Founded by Joshua Gaglardi, the company has established itself as an innovative force in the construction industry, offering comprehensive solutions from project conception to completion. Orion Construction has been involved in several significant projects recently, showcasing their expertise and growth. In July 2024, they broke ground on the Cade Barr Business Park in Mission, B.C., a major development spanning over 400,000 square feet across four buildings. Additionally, Orion has been working on various industrial and commercial projects, including the Cedar Coast South Surrey development in the Campbell Heights Business Park and the Hayer Business Centre Phase II.

SitePartners – Abbotsford, B.C.

*SitePartners is a specialized marketing agency focusing exclusively on serving the industrial sector. Founded in early 2018, the company has experienced rapid growth, earning recognition as the 35th Fastest-Growing Startup Company in Canada by Canadian Business and Maclean’s in 2020, with a remarkable 1061% revenue growth. The company offers a comprehensive range of services, including marketing, branding, advertising, video production, digital solutions, and communications, tailored specifically for construction, manufacturing, and resource-based industries. The company recently moved into SiteHQ, a fully renovated space in Abbotsford, B.C. that boasts the country’s first ever industrial production studio and is home to Site’s growing list of diverse services. SitePartners’ commitment to the industrial sector and its innovative approach have positioned it as a leader in specialized marketing services, recognized as the #1 Industrial Specialized Agency in Canada and the 12th fastest-growing agency by Adweek.

*SiteNews is part of the Site group of companies

Shift – Victoria, B.C.

Shift Energy Group is a leading provider of comprehensive clean energy solutions, specializing in solar panel installation and clean tech innovations. Founded in 2010, the company has established a strong presence across Western Canada with offices in Victoria, Vancouver, and Nanaimo. Shift Energy Group’s mission is to make clean, affordable energy accessible to everyone while protecting the environment for future generations. The company offers a wide range of services, including solar panel installations for residential, commercial, and industrial clients, as well as energy storage solutions. Recent projects include a 54.18kW solar installation for the Township of Esquimalt in Victoria, featuring 126 panels, and a large-scale 180.18kW commercial project in Cedar, BC, comprising 396 panels.

Ace of Decks – Beaconsfield, Que.

Ace of Decks, based in Canada, is a premier provider of decking solutions specializing in residential and commercial projects. Known for their commitment to craftsmanship and customer satisfaction, the company offers a wide range of services, including deck design, installation, and maintenance. Recently, Ace of Decks has expanded its portfolio with several notable projects, including custom outdoor living spaces that integrate innovative materials. Their dedication to sustainability is reflected in their use of eco-friendly materials and practices. With a reputation for excellence and attention to detail, Ace of Decks continues to be a trusted partner for clients looking to enhance their outdoor environments.

ESW Building Services Inc. – Mississauga, Ont.

ESW Building Services is a comprehensive provider of construction and facility management solutions, specializing in mechanical, electrical, and plumbing services for various sectors, including commercial and industrial clients. Recently, ESW Building Services has expanded its portfolio by undertaking significant projects such as the installation of advanced HVAC systems in large commercial buildings and the retrofitting of energy-efficient lighting solutions for industrial facilities.

Novarc Technologies

Novarc Technologies Inc. is a pioneering robotics company specializing in collaborative robots and AI-based machine vision solutions for automated welding applications. Their flagship product, the Spool Welding Robot (SWR), is designed to semi-automate pipe welding, significantly increasing productivity and quality while reducing costs. Founded in 2013 by engineers Reza Abdollahi and Soroush Karimzadeh, Novarc has established itself as an industry leader in welding automation technology. Recently, the company launched NovEye Autonomy (Gen 2), an AI-powered vision processing system that fully automates the pipe welding process. This innovation represents an industry first, leveraging years of machine learning data. Novarc’s technology has been adopted in 38 countries, with their SWR demonstrating productivity increases of 3-5x for carbon steel and up to 12x for stainless steel projects.

Peter Lucas Project Management – Saskatoon, Sask.

Peter Lucas Project Management is a specialized project delivery company that provides services for industrial and commercial projects, founded by Peter Lucas. The company invests in people, community, and cutting-edge technology to ensure efficient project management, often starting project delivery in as little as three weeks. With a focus on industrial environments, Peter Lucas Project Management has gained recognition for its comprehensive support throughout the project life cycle.

Black Tar Construction – Ottawa, Ont.

Black Tar Construction is an Ottawa-based company specializing in asphalt paving and foundation repair services. Founded in 2013, the company has built a reputation for outstanding customer service and quality workmanship. Black Tar offers a wide range of services including residential and commercial paving, asphalt maintenance, pothole repairs, and driveway installations. With a team of over 50 paving professionals, Black Tar Construction prides itself on its core values of accountability, teamwork, and customer focus. The company stands out for its 5-year maintenance warranty on driveway paving and its dedication to using cutting-edge technology and environmentally conscious practices in their operations.

Elvaan Group Inc. – Mississauga, Ont.

Elvaan Group Inc. is a specialized construction equipment supplier with over 30 years of experience in the industry. The company offers a comprehensive range of services including sales, rentals, maintenance, and parts supply for a wide variety of construction equipment. Elvaan Group Inc. is known for providing new equipment solutions from leading global brands in the Canadian market, as well as offering certified rebuilt units with warranties. Their expertise extends to HVAC installation and maintenance, electrical systems, plumbing, and fire protection services. Recently, Elvaan Group Inc. has expanded its focus on sustainable building practices and smart building technologies.

Blackline Safety – Calgary, Alta.

Blackline Safety is a global leader in connected safety technology, specializing in gas detectors, area monitors, and lone worker devices. Founded in 2004, the company has evolved from its origins in consumer GPS tracking to focus on industrial safety solutions. Blackline’s innovative products leverage cloud-connected technology, data analytics, and real-time monitoring to ensure worker safety across various industries, with flagship offerings including the G7 series of connected safety devices and the G7 EXO area monitor. With its technology deployed in over 70 countries, Blackline Safety protects more than 150,000 workers worldwide.

Cornerstone Timberframes – Steinbach, Man.

Cornerstone Timberframes is a family-run business dedicated to building custom timber frame structures for clients across the USA and Canada. With over 25 years of experience, the company specializes in a diverse range of projects, including homes, cottages, mid-rise residential buildings, and large commercial spaces. Cornerstone Timberframes embraces innovative techniques and materials, particularly in the growing field of mass timber construction, which offers faster build times and lighter foundations. The company actively participates in industry events such as the Mass Timber Group Summit, showcasing its commitment to collaboration and excellence in timber frame design and installation.

VPAC Construction Group Ltd. – Vancouver, B.C.

VPAC Construction Group Ltd. is a general contractor specializing in preconstruction, construction management, and general contracting services for commercial, multi-family, tenant improvement, and senior housing projects. With over two decades of experience, the company has built a reputation in Vancouver for delivering exceptional quality builds. The company prides itself on guiding clients through every step of the construction process, ensuring projects are completed on time and within budget. VPAC’s system is built on experience, enhanced by technology, and executed by a dedicated team of project managers. Recently, VPAC joined Procore, a construction management software platform, in May 2024, demonstrating their commitment to leveraging technology for improved project coordination and management.

EastPoint – Halifax, N.S.

EastPoint is a multidisciplinary engineering and construction firm that specializes in providing innovative solutions across various sectors, including commercial, industrial, and institutional projects. The company integrates practical hands-on construction experience into its design philosophy, ensuring that projects are managed from inception through to completion. EastPoint’s expertise encompasses a wide range of services, including fire suppression, electrical engineering, project management, and site development. Recently, the firm joined Procore in June 2024, enhancing its project management capabilities and commitment to utilizing cutting-edge technology. EastPoint is known for its collaborative approach, involving Indigenous-owned businesses in the procurement process and emphasizing community engagement to ensure projects align with local culture and values.

Industra Construction Corp. – Langley, B.C.

Industra Construction Corp. is a leading design-build and engineering, procurement, and construction (EPC) services provider specializing in industrial, municipal, and First Nations markets across Western and Central Canada. The company is known for its single source of accountability, budget management, and commitment to quality control, ensuring faster project completion with reduced risk for owners. Industra offers a comprehensive range of services including water treatment, wastewater treatment, sewage lift stations, and modular construction solutions. With a focus on innovative practices, the company has successfully completed projects in challenging environments, such as remote locations requiring barge or ice road access. Industra’s dedication to community engagement and sustainable practices has positioned it as a trusted partner for complex infrastructure projects in diverse sectors, including petrochemical, power generation, and renewable energy.

Cambium Inc. – Peterborough, Ont.

Cambium Inc. is a multi-service consulting and engineering company founded in 2006, providing high-quality expertise throughout Ontario. The firm specializes in environmental engineering, geotechnical solutions, building sciences, and construction quality verification. Cambium’s team includes experienced engineers, hydrogeologists, ecologists, and technicians who collaborate to deliver innovative and practical solutions grounded in a sound conservation ethic. Recently, Cambium has expanded its capabilities by operating a CCIL-certified materials testing laboratory for soils, aggregates, concrete, and asphalt analysis.

Gator Construction Group Inc. – Canada

Gator Construction Group Inc. is a dynamic construction firm specializing in concrete solutions and comprehensive project management services. Originally established as Gator Concrete, the company has expanded its expertise to include a wide range of construction services, from initial consultation and design to final installation. Gator Construction is known for its nimble and adaptable approach, allowing them to tackle projects of all sizes while minimizing downtime for clients.

Crozier Consulting Engineers – Collingwood, Ont.

Crozier Consulting Engineers is a leading multidisciplinary consulting firm dedicated to delivering exceptional engineering and land development services primarily in the private sector. The firm offers a comprehensive suite of services, including civil, water resources, transportation, structural, mechanical, and electrical engineering, alongside hydrogeology, environmental consulting, utility infrastructure, landscape architecture, and building science. Crozier emphasizes collaboration with top universities for research initiatives and actively engages in community development through various philanthropic efforts. Recently, the company established the University of Guelph C.F. Crozier & Associates Inc. Scholarship to support future engineering students.

Triumph Roofing and Sheet Metal Inc. – Toronto, Ont.

Triumph Roofing and Sheet Metal Inc. is a prominent provider of roofing and building envelope solutions with over 36 years of experience in the industry. Based in Toronto, the company specializes in a wide range of services, including roofing, waterproofing, cladding, glazing, and restoration, catering to both commercial and residential clients across Canada. The firm emphasizes sustainability in its projects, ensuring that materials and practices align with environmental standards.

RAM Consulting – Vancouver, B.C.

RAM Consulting is a project delivery firm founded in 2007, specializing in engineering, project management, construction management, and safety management services for some of Canada’s largest infrastructure projects, including highways and pipelines. With a team of dedicated professionals, RAM offers innovative, solution-oriented expertise throughout all phases of project delivery, ensuring clients receive comprehensive support from initial planning to project completion. The firm has worked on notable infrastructure projects such as the Vancouver Airport Fuel Delivery Project and the New St. Paul’s Hospital.

Britespan Building Systems Inc. – Wingham, Ont.

Britespan Building Systems Inc. is a leading authority in fabric buildings across North America, specializing in innovative solutions for commercial, municipal, public works, and agricultural industries. With over 28 years of experience, the company designs, engineers, manufactures, and delivers top-quality structures tailored to meet diverse client needs. Britespan offers a range of customizable options for permanent, temporary, and portable fabric buildings that comply with site-specific codes. Their services include sales, re-covers, repairs, maintenance, and accessories, ensuring comprehensive support throughout the building lifecycle. The firm is ISO 9001 certified and operates through a network of localized dealers who provide expertise and customer service.

Giatec Scientific Inc. – Nepean, Ont.

Giatec Scientific Inc. is an innovative Canadian company revolutionizing the concrete industry with advanced non-destructive testing technologies and IoT solutions. Founded in 2010 by Pouria Ghods and Aali R. Alizadeh, Giatec specializes in developing devices and software for concrete quality control and condition assessment, including wireless sensors for real-time monitoring of concrete properties such as temperature, humidity, and strength. The company’s flagship products include SmartRock and BlueRock, which provide critical data to ensure optimal curing conditions and structural integrity.

Ehrenburg Homes – Saskatoon, Sask.

Ehrenburg Homes is a home builder based in Saskatoon, Saskatchewan, known for its commitment to quality and craftsmanship since its founding in 1983 by Joe Ehr. The company has built a reputation for producing homes through expert workmanship, outstanding service, and the use of premium materials. Named in homage to Ehrenburg Castle in Germany, the firm embodies the regal aspects associated with its name, offering deluxe features and refined details in every project.

Weston Forest Products – Mississauga, Ont.

Weston Forest Products is a leading distributor and remanufacturer of softwood and hardwood lumber, as well as specialty panel products, serving the industrial and construction sectors throughout North America. Founded in 1953 as a family business, Weston has grown into a dynamic organization recognized for its commitment to quality and customer satisfaction. Recently, Weston expanded its manufacturing capabilities with the acquisition of Kings Wood Products, enhancing its product offerings for industrial customers. The firm specializes in providing tailored solutions such as crating, packaging, pallets, and niche wood products essential for various construction processes.

Key Takeaways:

• Toronto is seeking input from post-secondary students, faculty, and staff to address housing shortages, as part of its broader housing strategies.
• This outreach is linked to the City’s HousingTO 2020-2030 Action Plan and Housing Action Plan (2022-2026), which aim to ensure equitable access to affordable housing for all residents.
• The City will gather insights through an online survey, interactive campus sessions, focus groups, and expert interviews, encouraging participants to discuss housing challenges and explore affordability strategies.

The Whole Story:

The City of Toronto is asking academia for new ideas to address housing shortages.

The city announced it is inviting post-secondary students, faculty and staff to share their thoughts about their housing challenges, ideas and expectations for the future.

“Students, faculty and staff have the best advice when it comes to building housing to serve the academic community,” said Mayor Olivia Chow. “I look forward to hearing from students, teachers and all members of Toronto’s academic community on how we can align with the City’s housing targets, and how we can work together to engage the provincial and federal governments to build more homes.”

The outreach is part of the Academic Housing Strategy, a priority under the City’s HousingTO 2020-2030 Action Plan and the Housing Action Plan (2022-2026) to address housing challenges and ensure equitable access to affordable housing options for all Toronto residents.

The engagement will include an online survey, onsite campus interactive sessions, focus groups and interviews with leading experts to gather insights, share information and develop innovative solutions to address the housing concerns affecting Toronto’s post-secondary community. Participants will have the opportunity to:

• discuss current housing challenges and opportunities
• explore strategies for improving housing access and affordability
• contribute ideas to all orders of governments and academic institutions to improve housing outcomes.

Post-secondary students, faculty and staff are invited to share their experiences, insight and ideas by participating in an online survey  available until Friday, November 1 on the City’s website.

In-person engagement sessions will be held at eight college and university campuses across the city. The full schedule and location details of the drop-in sessions are available on the City’s Academic Housing Strategy webpage.

Toronto’s housing crisis is marked by soaring home prices, with the average home costing around $1.2 million, a 40-50% increase in the past five years. Rent has surged, with a one-bedroom apartment averaging over $2,500 per month, a 15% rise from the previous year, while vacancy rates remain extremely low at 1-2%. The city has over 80,000 households on waiting lists for affordable housing and wait times often exceed 10 years.

Anthem Properties Group has launched an initial public offering on its 66 storey, mixed-use development, Citizen, located in the heart of Metrotown in Burnaby, B.C.

Units in the IPO will be issued through the newly created Anthem Citizen Real Estate Development Trust.

CIBC Capital Markets will act as sole agent for the IPO and has successfully completed real estate development IPOs for US assets. Anthem anticipates raising up to $82 million which will be added to other funding sources already secured on the project. Officials stated that the partnership model on Citizen is not new to Anthem, who has financial partnerships on many of its projects.

“Policy changes, increased costs, shifting market cycles and more create an ongoing challenge for developers hunting for capital which requires innovative and creative thinking to get projects off the ground,” said Anthem core-founder & CEO, Eric Carlson. “Doing things differently is at the core of what we do at Anthem, and this IPO is a great way to continue to push the boundaries of what is possible and take a new approach to making housing happen.”

The project includes mix of market, rental and affordable homes, anchored by a hotel and supported by retail space. The project has rezoning approvals and entitlements complete, with construction expected to begin at the close of the offering.

In the thriving construction industry material suppliers play a crucial role, ensuring that materials, tools, and services that fuel the sector’s growth are where they need to be. These firms, ranging from plumbing suppliers to building material manufacturers, are a critical support piece in Canada’s construction supply chain.

As the sector faces challenges and opportunities, these companies are at the forefront of innovation and adaptation, helping to shape the future of construction in Canada. Let’s get to know some of them a little better.

Doman Building Materials Group Ltd.

Headquarters: Vancouver, B.C.

History: Formerly known as CanWel Building Materials, Doman was founded in 1989. The company has grown into one of Canada’s largest national distributors of building materials, hardware, and lumber products. In 2021, the company rebranded as Doman Building Materials Group to better reflect its diverse operations.

Recent News: In 2021, Doman expanded its operations by acquiring Hixson Lumber Sales and L.A. Lumber Treating, broadening its footprint in North America. Just this year that acquired assets from Southeast Forest Products.

Groupe BMR

Headquarters: Boucherville, Que.

History: BMR was founded in 1967 and has grown into a major retailer and distributor of building materials and hardware products, primarily serving Quebec and the Eastern Canadian market. A subsidiary of Sollio Groupe Coopératif, BMR includes more than 275 home renovation centers and hardware stores across Quebec, Ontario, and the Maritime provinces. In addition to its role as a wholesaler, Groupe BMR runs 14 corporate stores, primarily in the Greater Montreal area.

Recent News: In 2022, BMR launched its first fully automated distribution center in Varennes, Que., enhancing its logistics and distribution capabilities.

TimberMart

Headquarters: Mississauga, Ont.

History: Established in 1967, TimberMart is a national buying group that supports independent lumber and building material retailers across Canada. It provides members with access to a wide range of products and services to compete in the retail market. TimberMart says it is the largest national member-owned buying group in the country.

Recent News: TimberMart continues to expand its network of independent dealers, with recent partnerships to help small and medium-sized retailers compete with larger national chains.

RONA (Part of Lowe’s Canada)

Headquarters: Boucherville, Que.

History: Founded in 1939 as a cooperative of independent Quebec hardware retailers, RONA has become one of Canada’s largest home improvement retailers. It was acquired by Lowe’s in 2016, but the RONA brand remains a cornerstone of Lowe’s Canadian operations. It boasts a network of more than 375 stores includes both corporate stores and independent affiliated dealers.

Recent News: In 2023, Lowe’s announced plans to sell its Canadian operations, including RONA, to private equity firm Sycamore Partners. The move is aimed at streamlining Lowe’s global operations.

Taiga Building Products

Headquarters: Burnaby, B.C.

History: Taiga Building Products has been operating since 1973 and is one of the largest independent wholesale distributors of building materials in Canada. The company offers a variety of products, including lumber, panels, and insulation.

Recent News: Taiga has continued to expand its North American operations, acquiring new distribution centers and enhancing its product offerings, particularly in sustainable building materials.

Wolseley Canada

Headquarters: Burlington, Ontario

History: Wolseley Canada is a division of Ferguson PLC, one of the world’s leading distributors of plumbing and HVAC products. Established in Canada over 100 years ago, Wolseley serves contractors and retailers with plumbing, heating, and building materials.

Recent News: In 2023, Wolseley Canada launched several new e-commerce tools aimed at simplifying product orders for contractors and retailers, reflecting a growing trend toward digital solutions in construction.

Castle Building Centres Group

Headquarters: Mississauga, Ontario

History: Castle Building Centres was founded in 1963 as a buying group for independent lumber and hardware retailers. Today, it operates a network of over 300 locations across Canada, offering a wide range of building materials and home improvement products.

Recent News: Castle has been focusing on expanding its dealer network and providing marketing and digital support to independent retailers, allowing them to compete effectively with larger chains.

EMCO Corporation

Headquarters: London, Ont.

History: Founded in 1906 as the Empire Manufacturing Company Limited in London, Ontario, EMCO Corporation has grown to become one of Canada’s largest integrated distributors of products for the construction industry. With over 110 years of business success, EMCO has weathered two world wars and the Great Depression. The company operates through a network of over 250 Profit Centres across Canada, offering products in distinct categories such as plumbing, waterworks, industrial, and HVAC.

Recent News: In February 2024, EMCO Corporation announced a partnership with ALDES North America, a manufacturer of ventilation systems. This strategic alliance aims to expand EMCO’s presence in the Canadian residential market by offering a complete range of ventilation products across the country. 

Würth Canada

Headquarters: Guelph, Ontario

History: Würth Canada was founded in 1971 in Montreal as part of the global Würth Group, which originated in Germany in 1945. The company moved its headquarters to Mississauga in 1986, and then to a state-of-the-art facility in Guelph in 2014. Würth Canada has grown to become a major supplier of fasteners, tools, and other products for the automotive aftermarket, as well as expanding into the metalworking and construction industries.

Recent News: In February 2024, Würth Canada announced the opening of its first flagship store in North America, located in Vaughan, Ont. This new store features a 24/7 concept, allowing authorized business customers to access the store at any time using their Würth eShop account. Additionally, Würth Canada is pursuing an aggressive expansion plan, aiming to open 40 stores across Canada within the next five years as part of its strategy to become a national industrial distributor.

IHL Canada

Headquarters: Woodbridge, Ontario

History: IHL Canada was founded in 1985 by contractors for contractors, with the aim of helping construction businesses grow by providing exceptional products and services. For nearly four decades, the company has evolved and innovated within the construction industry. IHL Canada has focused on research and development to bring breakthrough products that combine technology with expertise to improve job site efficiencies and facilitate contractors’ work.

Recent News: In May 2024, IHL Canada announced its commitment to fighting against forced labor and child labor in supply chains, demonstrating the company’s focus on ethical business practices. Additionally, IHL Canada has been expanding its presence in Southern Ontario, with two modern stores serving the construction industry. The company operates locations in Woodbridge and Innisfil, providing extended hours of service to meet the needs of contractors.

MY Construction Supply

Headquarters: Brantford, Ontario

History: MY Construction Supply is a manufacturer and distributor of concrete accessories, fasteners, and building products. The company was founded with a focus on serving the construction industry, particularly specializing in providing supplies and accessories for forming and development companies working on large-scale projects across Canada. MY Construction Supply has positioned itself as a customer-oriented company, known for high-quality products, competitive pricing, and excellent customer service.

Recent News: MY Construction Supply continues to expand its operations. The company operates from a 30,000 square foot warehouse, which is continuously growing to meet the increasing needs of its clients. MY Construction Supply maintains a strong presence in the construction industry, particularly in the realm of high-rise condominiums, but also serves projects including low-rise condos, transit centers, and hospitals.

Star Building Materials

Headquarters: Winnipeg, Man.

History: Star Building Materials has been serving the construction industry for over 60 years. Founded in 1965 in Calgary, the company has grown to become a trusted supplier of building materials for residential and commercial builders, renovators, and homeowners. Star operates locations in Winnipeg and Calgary, offering a wide range of products including lumber, deck and fence materials, mouldings, tools, and more.

Recent News: In 2023, Star Building Materials continued to expand its presence in Southern Ontario. The company has been focusing on providing innovative solutions for the construction industry, including state-of-the-art technology for producing modern and efficient building materials.

Canada is one of the world’s largest producers and exporters of wood products, including lumber, plywood, and engineered wood. The country’s vast forest resources covering about 38% of our land area.

Wood products are essential in the Canadian construction industry, particularly in residential building. Wood is used for framing, flooring, roofing, and interior finishes due to its versatility, strength, and environmental benefits. Recent advancements in engineered wood products, such as cross-laminated timber (CLT), are expanding the use of wood in large-scale and high-rise construction.

We have put together a list of some of the nation’s biggest suppliers of wood products that enable the construction sector to keep building.

West Fraser Timber Co. Ltd.

Headquarters: Vancouver, British Columbia

Number of Mills: Over 60 mills across Canada, the U.S., and Europe

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. West Fraser has a strong focus on sustainable forest management and responsible operations. Recently, the company has been expanding its footprint through strategic acquisitions, including the purchase of Norbord in 2021, a global leader in OSB production. West Fraser continues to adapt to market demands, with ongoing investments in mill modernizations and environmental initiatives.

Canfor Corporation

Headquarters: Vancouver, British Columbia

Number of Mills: 26 sawmills across Canada, the U.S., and Europe

Established in 1938 and headquartered in Vancouver, Canfor Corporation is one of Canada’s largest integrated forest products companies, with operations in Canada, the U.S., and Europe. Canfor specializes in the production of softwood lumber, pulp, paper, and engineered wood products, serving markets worldwide. The company is known for its commitment to innovation and sustainable practices, including achieving 100% certification of its forest operations under internationally recognized standards. In recent news, Canfor has been navigating market volatility and environmental challenges, with efforts to diversify its product mix and expand into higher-value wood products, while also investing in green energy projects.

Resolute Forest Products

Headquarters: Montreal, Quebec

Number of Mills: 16 wood product facilities in Canada

Resolute Forest Products, with roots dating back to 1820, is a global leader in the forest products industry, headquartered in Montreal. The company operates 40 facilities across North America, including 16 wood product mills in Canada, producing a diverse range of products, including market pulp, tissue, wood products, and paper. Resolute is recognized for its sustainability initiatives, including responsible forest management and significant reductions in greenhouse gas emissions. In recent years, Resolute has focused on restructuring its operations to improve profitability, including the sale of its Fort Frances mill in 2021 and continued investments in tissue production. The company remains a key player in the North American wood products market.

Interfor Corporation

Headquarters: Vancouver, British Columbia

Number of Mills: 21 sawmills across North America

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. The company has a strong reputation for efficiency and product quality, supported by continuous investments in modernizing its facilities. Interfor has been active in expanding its operations, including the recent acquisition of four sawmills from Georgia-Pacific in 2021, positioning it as a major player in the North American lumber market.

Tolko Industries Ltd.

Headquarters: Vernon, British Columbia

Number of Mills: 14 wood product facilities in Canada

Founded in 1956 and headquartered in Vernon, British Columbia, Tolko Industries Ltd. is a family-owned company that has grown into a significant player in the North American wood products industry. Tolko operates 14 wood product mills across Western Canada, producing lumber, plywood, OSB, and engineered wood products. The company is known for its commitment to sustainable forestry and community engagement. Tolko has recently focused on diversifying its product offerings and improving operational efficiencies. In 2023, Tolko made headlines with the launch of a new mass timber facility, positioning itself as a leader in the growing market for sustainable building materials.

Weyerhaeuser Company

Headquarters: Seattle, Washington (U.S.)

Number of Mills: 35 manufacturing facilities in North America, including in Canada

Weyerhaeuser, founded in 1900 and based in Seattle, Washington, is one of the largest private owners of timberlands in the world, with significant operations in Canada. The company manages over 13 million acres of timberland and operates 35 manufacturing facilities across North America, including in Canada, producing a wide range of wood products, including softwood lumber, OSB, and engineered wood products. Weyerhaeuser is known for its strong environmental stewardship and innovative approach to forest management. Recently, the company has focused on expanding its presence in the Canadian market, particularly in Alberta and British Columbia, while also investing in sustainable forestry practices and renewable energy initiatives.

J.D. Irving, Limited

Headquarters: Saint John, New Brunswick

Number of Mills: 11 sawmills in Eastern Canada

J.D. Irving, Limited, established in 1882 and based in Saint John, New Brunswick, is a diversified conglomerate with extensive forestry operations in Eastern Canada. The company operates 11 sawmills and wood product manufacturing facilities, supplying lumber, plywood, and other wood products to the construction industry. J.D. Irving is committed to sustainable forest management, with over one million acres of forest land under its care. The company has been involved in several initiatives to reduce its environmental footprint, including reforestation efforts and investments in energy-efficient technologies. In recent news, J.D. Irving has been expanding its operations, including the modernization of several mills to increase capacity and improve product quality.

Eacom Timber Corporation

Headquarters: Montreal, Quebec

Number of Mills: 8 sawmills and 1 engineered wood products facility in Canada

Eacom Timber Corporation, founded in 2008 and headquartered in Montreal, is a major producer of softwood lumber in Eastern Canada. Eacom operates eight sawmills and one engineered wood products facility, primarily in Ontario and Quebec. The company has a strong commitment to sustainable forestry and is certified under several environmental standards. In 2021, Eacom was acquired by Interfor Corporation, which has since integrated Eacom’s operations into its own, further expanding its presence in the Eastern Canadian market. Eacom continues to play a vital role in supplying wood products to the construction industry, with a focus on high-quality lumber production.

Domtar Corporation

Headquarters: Fort Mill, South Carolina (U.S.)

Number of Mills: 12 manufacturing facilities in Canada

Domtar Corporation, originally founded in 1848 as Dominion Tar and Chemical Company, has evolved into a leading provider of fiber-based products, including pulp, paper, and wood products. Headquartered in Fort Mill, South Carolina, Domtar operates in Canada primarily through its wood products division in Quebec and Ontario. Domtar operates 12 manufacturing facilities in Canada. The company is known for its strong commitment to sustainability and innovation in manufacturing processes. In recent years, Domtar has undergone significant restructuring, including the divestment of its personal care business in 2021 to focus on its core pulp and paper operations, while also exploring opportunities in bio-based products and renewable energy.

Tembec Inc. (now part of Rayonier Advanced Materials)

Headquarters: Jacksonville, Florida (U.S.)

Number of Mills: 14 facilities in Canada, including sawmills and pulp mills

Tembec Inc., founded in 1973 in Quebec, was a major player in the Canadian forestry industry, known for its production of lumber, pulp, and paper. In 2017, Tembec was acquired by Rayonier Advanced Materials, a global leader in cellulose-based products, now headquartered in Jacksonville, Florida. The company’s operations have since been integrated into Rayonier’s, with a focus on producing high-purity cellulose, paperboard, and lumber. Rayonier manages 14 facilities in Canada, including sawmills and pulp mills. Tembec’s legacy in sustainable forestry continues under Rayonier, with significant investments in environmental stewardship and energy efficiency. The company has also been expanding its product offerings to include more value-added wood products, catering to the growing demand for sustainable materials in the construction industry.

Key Takeaways:

• A prolonged rail worker strike could severely impact the Canadian economy. Some experts say it has the potential cause a recession.
• The construction industry is highly dependent on a healthy economy to generate demand.
• There is significant pressure on the federal government to intervene and prevent the strike.

The Whole Story:

The federal government is facing pressure to help avoid a rail worker strike set to begin on Aug. 22 that could cripple the Canadian economy.

Jock Finlayson, chief economist at the Independent Contractors and Businesses Association (ICBA), explained that a protracted rail strike could be devastating to the construction sector. The initial impact of not being able to receive materials would pale in comparison to the effects it would have on drive demand.

“The Canadian economy is barely growing right now. If this ballooned into a multi-week shutdown, it would likely throw us into a recession,” Finlayson said. “This is in the federal government’s bailiwick. It is their responsibility and they need to use all the tools.”

Finlayson noted that Canada exports more than $700 billion of goods every year, and it import goods worth almost as much. Both exports and imports are vital part of Canada’s $3 trillion national economy. Many traded goods, at some point, are moved by rail. Today, some $380 billion of goods are shipped by Canadian rail carriers every year.  He noted that avoiding a strike is particularly important right now as the economy is posting very sluggish growth and Canada’s prosperity is declining as measured by real GDP per capita.

“in recent years, Canada’s ranking in global competitiveness surveys has been slipping, and our reputation as a reliable and efficient supplier of traded goods has suffered one blow after another,” said Finlayson. “A rail strike would compound these problems, potentially doing incalculable harm to our economy.”

CN Rail, CPKC and Teamsters must do the hard work necessary to reach agreements at the bargaining table and prevent a full work stoppage.

My statement on their ongoing negotiations: pic.twitter.com/ABbKLaQBIt

— Steven MacKinnon (@stevenmackinnon) August 19, 2024

He explained that the construction industry ultimately depends on a vibrant, productive and growing Canadian economy to create demand for the work done and the services provided by it. 

“If the economy stalls, falters and is rendered less efficient as a result of labour disputes, construction companies and their workers will suffer,” he said.

The federal government also faced criticism from officials in Alberta, who accused Ottawa of creating a labour crisis.

“First the British Columbia ports, then WestJet, now the railways. It is one strike after another,” said Devin Dreeshen, Alberta’s minister of transportation & economic corridors. “These continuous strikes are eroding Canada’s reputation around the world as a reliable trading partner. The federal government must fix the labour problems it has created and exercise its responsibility to ensure labour stability within federally regulated transportation workplaces.”

Federal Labour Minister Steven MacKinnon released a statement Monday saying that collective bargaining negotiations belong to CN Rail, CPKC and TCRC workers alone, but their effects will be borne by all Canadians.

“The parties must do the hard work necessary to reach agreements at the bargaining table and prevent a full work stoppage. Canadians expect the parties’ efforts to be equal to the trust conferred on them,” he said.

After negotiations collapsed, 9,000 unionized rail workers from the Teamsters Canada Rail Conference (TCRC) are set to walk off the job, effectively bringing the nation’s rail system to a standstill and disrupting a critical link in the supply chain for nearly everything.

Parties involved, include:

• Teamsters Canada Rail Conference (TCRC): The union representing over 9,000 rail workers at both major Canadian railways.
• Canadian National Railway (CN): One of Canada’s two major freight rail companies.
• Canadian Pacific Kansas City (CPKC): The other major Canadian freight rail company, formed in 2023 through a merger.
• Federal Government: Represented by Labour Minister Steven Mackinnon, who has called on the parties to negotiate but has not indicated willingness to intervene directly.

The main points of contention between the union and the rail companies include:

• Safety and Fatigue: The union claims both companies are trying to reduce safety provisions related to worker fatigue.
• Work Conditions: CN is accused of proposing changes that would require workers to relocate across Canada for extended periods.
• Contract Negotiations: Labor agreements for both railway companies expired at the end of 2023, and negotiations have been ongoing since then.

The impact of strikes can have on Canada’s construction industry and the broader economy are massive. A 2023 strike by port workers in B.C. reduced Canada’s gross domestic product by between $730 million and $980 million, and affected merchandise shipments having a total value of $10 billion.

The strike caused major delays in receiving construction materials and equipment imported through the Port of Vancouver. Many construction projects faced shortages of essential supplies, leading to slowdowns or temporary halts in work.

But Finlayson noted that a rail strike would be vastly larger in scale.

“We are talking about the entire national freight network,” he said. “This country is incredibly dependent on linear infrastructure, including rail. We are geographically huge and need efficient transportation infrastructure operating 24/7. The federal government needs to do its job.”

Key Takeaways:

• Over two-thirds of Ontario small businesses have been disrupted by local construction projects in the past five years, with 23% reporting major impacts.
• These disruptions have led to an average revenue loss of 25% during the most significant projects and additional costs of around $10,000 for cleaning and repairs.
• The top issues faced by these businesses include traffic congestion, dust, noise, difficulties in customer and staff access, logistical disruptions, and decreased sales, all of which contribute to significant stress for business owners.
• The CFIB is advocating for government compensation for businesses severely impacted by public construction projects.

The Whole Story:

According to new analysis by the Canadian Federation of Independent Business (CFIB) over two-thirds (67%) of Ontario small businesses have experienced disruptions due to local construction projects in the past five years, and 69% have been affected by multiple projects during the same period.

The report, titled Hard hats and hard times: Public construction impacts on small businesses, found that of small- and medium-sized enterprises in Ontario that were affected, 23% (or 104,362) report that construction disruptions have had a major impact on their business. On average, Ontario small firms have been forced to endure 481 days of construction-related disruptions, which represents 26% of the time over the past five years.  

“Infrastructure needs continue to increase with our growing population and aging infrastructure,” said Julie Kwiecinski, CFIB’s director of provincial affairs for Ontario. “Everyone – including small business owners – loves a finished project, but small firms have to survive to the project’s end before they can benefit.”

“Small businesses face a myriad of issues when local construction projects take place, from traffic congestion and dust and debris, to losing customers and navigating logistical disruptions,” said Emily Boston, CFIB senior policy analyst and an author of CFIB’s report. “A large portion of construction costs can be avoided with better planning and execution, and by giving more consideration to the realities of local businesses.”  

Ontario small firms lost on average 25% of their revenues during the most significant construction project affecting them over the past five years, and on top of that, spent around $10,000 in extra expenses such as cleaning and repairs. 

While each construction project is unique in its duration, scale and disruptiveness, the top construction impacts affecting Ontario small businesses are traffic congestion, dust, debris or noise (61%), customers and staff having trouble accessing their business or finding parking (52%), delivery and logistics disruptions (49%), sales decreases (42%), and business owners suffering significant stress (25%).  

Over two-thirds (69%) of Ontario small businesses say they should be compensated by government when a public construction project has a major impact on their business operations. CFIB urges governments to establish comprehensive construction mitigation plans with compensation to offset costs for impacted businesses, improved planning and communication strategies, and clarified roles for all levels of government involved.  

“In Ontario, we’re asking the province to create a clear legal path for municipalities to provide direct funding or property tax holidays to small businesses for revenue losses caused by major municipally-funded construction projects,” said Kwiecinski. “At the same time, the Ontario government should introduce a small business construction mitigation fund for provincially-funded and controlled construction, like Metrolinx transit projects.” 

*Editor’s Note: Emails, video calls, regular calls, paperwork, site visits—most construction professionals don’t have hours to go through press releases and news articles detailing the latest business deal in the industry. But we do. Each month we distill all that information into a pure, concentrated product called Business Moves. 

WSP has agreed to acquire POWER Engineers, a U.S. consulting firm specializing in the power and energy sector, for $2.44 billion. WSP officials stated that the acquisition will position them at the forefront of the energy transition. Based in Hailey, Idaho, POWER has approximately 4,000 employees, including approximately 900 shareholders.

Flatiron and Dragados have announced plans to merge operations in North America, powering the two companies’ joint growth potential in the market. ACS Group and HOCHTIEF, the respective owners of Dragados and Flatiron, have agreed on key terms for the combination of the two companies, with ownership of the integrated company held 61.8% by ACS Group and 38.2% by HOCHTIEF. The company will be managed by Peter Davoren as chairman (in addition to his current role as chairman, CEO & resident of Turner) and the current CEO of Flatiron, Javier Sevilla, as CEO. The transaction closing is expected during the second half of 2024.

Arkansas-based Montrose Environmental has acquired Paragon Soil & Environmental Consulting. Headquartered in Edmonton, Paragon’s work spans across Western Canada, bolstering Montrose’s presence in the region while adding additional environmental expertise in select soil and reclamation services. The acquisition also includes Paragon’s active limited partnership, Paragon Infinity which is operated in conjunction with Infinity Métis Corp., a wholly owned Indigenous corporation with the McMurray Métis Local 1935 community in the Wood Buffalo region in northeast Alberta.

Paragon’s partnership with Infinity Métis Corp. is aligned with our commitment to Indigenous relations in the communities where we live and work. We look forward to future involvement with projects in Alberta that provide a material benefit for the local Indigenous community.

Vijay Manthripragada, President and Chief Executive Officer of Montrose Environmental Group

Boundary Electric has been acquired by SABRE and Ampere Alliance. Boundary has 77 years of experience in electrical integration and manufacturing. With offices in Grand Forks and Trail, B.C., Boundary is known for its expertise in supplying low, medium, and high voltage transformers, designing unitized substations and switchgear, and providing advanced solutions for Crypto and AI data centers.

This strategic acquisition, which adds to Ampere Alliance’s existing portfolio of SABRE and Summit Electric, strengthens our capabilities in the data center and high voltage sectors, reinforcing our commitment to driving the green energy transition and meeting the evolving needs of the High Power Computing industry.

SABRE

Vancouver-based Mercer International Inc., a market pulp and solid wood products company, has expanded its reach into the mass timber industry with the launch of a new installation division under its U.S. subsidiary, Mercer Mass Timber LLC. The new division, Mercer Mass Timber Construction Services, based in Spokane Valley, Washington, offers on-site installation and project consulting to support clients transitioning to mass timber construction.

ACCIONA has acquired Darby International Capital’s high-voltage transmission line business in Peru for €220 million, strengthening its position in Latin America. The acquisition includes over 1,200 kilometres of transmission lines and 30 substations, as well as the 30-year concession project “Machupicchu-Quencoro-Onocora-Tintaya,” which will enhance electricity connectivity in southern Peru by 2028.

EllisDon has announced the addition of a new Technology Ecosystem Strategic Partner, Crewscope. The productivity application aligns hourly incentives with project outcomes to increase employee engagement. This announcement follows recent additions of both StruxHub and Touchplan to cement EllisDon’s long-term technology strategy, led by the Data & Digital Engineering Division.

NEXII Inc. has completed the acquisition of Nexii Building Solutions’ assets setting the stage for the relaunch of NEXII’s products. NEXII specializes in precision-manufactured structural wall and roof panel systems for the building industry, addressing rising construction costs, the demand for shorter schedules, and the need for a reduced carbon footprint. 

Alberta-based energy company, Pieridae Energy Ltd., has sold its assets on Nova Scotia’s Eastern Shore, where it had once planned to build a natural gas export facility, to an Irish company interested in pursuing a renewable energy project. The $12-million sale includes 108 hectares of coastal property in Goldboro, Guysborough County, along with a construction permit granted by the Nova Scotia Utility and Review Board, which approved the permit’s transfer earlier this month. Pieridae had spent over a decade working on plans to develop a natural gas liquefaction plant to pipe in gas from across North America before reconsidering the project last year.

Global diversified professional services and investment management company, Colliers has acquired Englobe Corporation, a multi-discipline engineering, environmental and inspection services firm for US$475 million. Englobe’s senior leadership team and employee shareholders will remain shareholders in the business under Colliers’ unique partnership model. Headquartered in Laval, Que., Englobe’s 2,800 professionals provide civil, buildings, geotechnical, and environmental engineering, material testing and related consulting services to public and private sector clients primarily in the transportation, water, buildings, and power end markets.

TC Energy Corporation has announced an equity interest purchase agreement with an Indigenous-owned investment partnership for a minority equity interest of 5.34% in the NGTL System and the Foothills Pipeline assets for a gross purchase price of $1 billion. This partnership will enable up to 72 Indigenous Communities closest to the partnership assets to become equity owners in the 25,000-kilometre highly integrated network of natural gas infrastructure assets spanning western Canada.

Cloverdale Paint has a new exclusive distribution agreement with Tnemec Company, Inc., a 100 year-old manufacturer of heavy duty industrial coatings for oil & gas, chemical, petrochemical, water & wastewater treatment, water storage, industrial process, resinous flooring, and high performance architectural metal and masonry. Cloverdale will have exclusive distribution rights for B.C., Alberta, Saskatchewan, Manitoba, Yukon and North West Territories. 

We are excited to be expanding our product range and customer reach with this new partnership.  Tnemec is a company we have known and respected for years and this is an excellent fit for our business and our customers

Tim Vogel, Chairman and CEO of Cloverdale Paint

Full-service technology consulting firm SiteTechnology has officially launched to serve the industrial sector. The firm is focused on building long-term partnerships with clients, helping them identify and implement technology solutions that make a real difference to their bottom-line. If you are interested in learning more about SiteTechnology and starting your digital journey, visit SiteTechnology.com

Turner Construction Company has agreed to acquire 100% of Dornan Engineering Group, a specialist mechanical, electrical, instrumentation and commissioning engineering contractor with operations in Ireland, the UK, Continental Europe, and the Nordics. Dornan delivers services on complex large-scale projects for blue-chip clients in the advanced technology sector, including data centers and biopharma facilities.

WZMH Architects has launched of Giraffe, an independently owned software company dedicated to revolutionizing the architectural-engineering-construction sectors. Although Giraffe draws on WZMH’s extensive industry expertise, it operates as a separate entity with its own software suite designed to enhance efficiency, sustainability, and collaboration in building design and construction.

Giraffe isn’t just about envisioning the future; we’re building it with solutions born from deep industry understanding and not just IT expertise. With the DNA of Giraffe rooted in WZMH Architects, we bring over 60 years of experience, more than 250 million square feet of designed and constructed buildings, and over 10 million hours of IP production and expertise.

Giraffe

 Darabase Canada, a technology company specializing in immersive media for the spatial web, has forged a strategic partnership with Venturon Ltd., a Canadian-owned investment group focused on real estate technology start-ups. With the rise of augmented reality (AR) enabled devices and advances in the spatial web, the two companies will collaborate to unlock new value for property owners across Venturon’s client and partner network.

Ontario-based Algonquin Power & Utilities Corp has agreed to sell its renewable energy business, excluding its hydropower assets, to developer and independent power producer LS Power for up to US$2.5 billion.

Calgary’s Carbon Upcycling, a decarbonization and carbon capture & utilization technology provider for hard-to-abate industries, has achieved B Corporation certification by the B Lab. The prestigious recognition underscores Carbon Upcycling’s ongoing commitment to meeting rigorous standards of social and environmental performance, transparency and accountability and deep commitment to being a powerful force for good.

Key Takeaways:

• WSP has agreed to acquire POWER Engineers, a U.S. consulting firm specializing in the power and energy sector, for $2.44 billion.
• The acquisition of POWER Engineers is expected to enhance WSP’s existing core sectors—transport and infrastructure, property and buildings, and earth and environment—while creating new cross-selling opportunities and driving accelerated growth in the power and energy sector.
• The acquisition is a key step in WSP’s long-term strategy to lead the global energy transition.

The Whole Story:

Global professional services firm WSP has entered into an agreement to acquire POWER Engineers, a U.S. consulting firm that focuses on the power and energy sector, for $2.44 billion.

WSP stated that POWER stands out with its nearly 50-year legacy of innovation and technical excellence, a highly respected brand, and a reputation for delivering on complex projects. Based in Hailey, Idaho, POWER’s team of approximately 4,000 employees, including approximately 900 shareholders, has a track record of serving the most prominent power utilities in North America.

The proposed acquisition is a strategic move in alignment with WSP’s vision to expand and enhance its power and energy services.

Once the proposed acquisition is closed, the integration of POWER is expected to complement WSP’s existing three core sectors: Transport and infrastructure, property and buildings, and earth and environment; it will also create extensive cross-selling opportunities. WSP officials noted that welcoming POWER to their power and energy platform, which will be led globally by Holger Peller, the current president and COO of POWER, is anticipated to drive accelerated growth.

WSP officials stated that the proposed acquisition underscores WSP’s commitment to its long-term vision and 2022-2024 Global Strategic Action Plan, marking a pivotal step in building a leading global power and energy franchise.

“The acquisition will mark a transformative step that will position us at the forefront of the energy transition. This opportunity brings forth a wealth of strategic benefits, including an expanded suite of innovative solutions for our clients and continuous professional growth opportunities for our employees,” commented Alexandre L’Heureux President and Chief Executive Officer of WSP. “By uniting WSP’s extensive global network and POWER’s deep technical expertise, we are poised to provide exceptional solutions and service quality to foster significant advancements in the communities we serve. The trust of our shareholders and our commitment to excellence will empower us to influence the future of the energy sector as we plan to expand our reach and power a sustainable future across the globe.”

Also commenting on the Acquisition, Jim Haynes, Chief Executive Officer of POWER said: “POWER and WSP truly are stronger together. By joining forces, we can supercharge our ability to help clients and communities around the world adapt to the changing energy landscape—and provide more opportunities for our team members to work on the most challenging projects. We’re looking forward to building success together with WSP.”

Key Takeaways:

• Flatiron and Dragados, owned by ACS Group and HOCHTIEF respectively, are merging to form one of the largest civil engineering and construction firms in North America.
• The merged company, Flatiron Dragados, will be owned 61.8% by ACS Group and 38.2% by HOCHTIEF.
• The integrated business has a backlog of USD 17.2 billion as of H1 2024, with revenue of USD 6.1 billion in 2023 and USD 3.1 billion in H1 2024. It operates in 24 U.S. states and eight Canadian provinces.
• The merger aims to create significant synergies and economies of scale, offering a strong platform for organic growth in North America.

The Whole Story:

Two North American construction giants are merging to create one of the largest civil engineering and construction firms on the continent. 

Flatiron and Dragados have announced plans to merge operations in North America, powering the two companies’ joint growth potential in the market. 

ACS Group and HOCHTIEF, the respective owners of Dragados and Flatiron, have agreed on key terms for the combination of the two companies, with ownership of the integrated company held 61.8% by ACS Group and 38.2% by HOCHTIEF. The company will be managed by Peter Davoren as chairman (in addition to his current role as chairman, CEO & resident of Turner) and the current CEO of Flatiron, Javier Sevilla, as CEO. The transaction closing is expected during the second half of 2024.

The integrated business has a backlog of USD $17.2 billion H1 2024, with revenue of USD 6.1 billion in 2023 and USD 3.1 billion in H1 2024. It has a long-standing presence in 24 states of the United States and eight Canadian provinces.

“Bringing together Flatiron and Dragados creates a strong platform for organic growth in North America,” said Juan Santamaría, CEO of HOCHTIEF. “They have the expertise, the long-term clients and are geographically complementary, providing significant synergies and economies of scale. We differentiate our commercial offering through our superior technical resources and skills.”

Santamaría added that Flatiron and Dragados North America employees have a long history of working together.

“The new company will have the most respected and recognized value proposition in its sectors, having delivered renowned projects across the United States and Canada, and can look forward to an even stronger future,” he said.

The company, named Flatiron Dragados, will continue to serve clients across its existing markets and support strong community and stakeholder relationships.

The company’s order backlog of USD 17.2 billion H1 2024 is weighted towards collaborative projects, with approximately 40% secured under this model.

Officials explained that the transformation into a new entity creates synergies and economies of scale. The simplified structure will ensure a consistent approach to operations, including tender processes, procurement strategies and risk management, and be value accretive for shareholders of ACS Group and HOCHTIEF.

The integrated company has a strong track record in civil engineering and construction (including roads and bridges, airports, railways, ports, dams and water treatment plants as well as tunneling projects).

Recently, through a joint venture, the companies have been working on the $1.2-billion Harbor Bridge project in Corpus Christi, Texas. It is currently slated for completion in 2025.

Key Takeaways:

• Out of 188 local governments, 162 have passed the necessary bylaws to comply with the new legislation, with nine more actively working on it.
• Fifteen communities have requested extensions beyond the June 30, 2024, deadline, with two communities, the District of Wells and the Northern Rockies Regional Municipality, granted extensions due to wildfire impacts.
• The legislation is part of a broader effort to address the housing crisis by creating more diverse and attainable housing options.

The Whole Story:

Provincial legislation to fix outdated zoning rules and create more small-scale multi-unit homes (row homes, triplexes and townhouses) has now been adopted into local bylaws, or will soon be adopted, by almost 90% of communities throughout B.C.

“People expect governments to work together to tackle the housing crisis and provide more homes for people,” said Ravi Kahlon, minister of housing. “We are encouraged that the vast majority of local governments have worked hard to adopt much-needed provincial legislation to fix old zoning rules and deliver the types of homes that people need.”

Out of 188 local governments in B.C., 162 have adopted the small-scale multi-unit legislation by passing local bylaws, with another nine communities actively working to adopt the legislation.

Local governments were required to make changes to zoning bylaws by June 30, 2024, to allow either a minimum of one secondary suite or detached accessory dwelling unit; a minimum of three to four dwelling units; or a minimum of six dwelling units in areas near bus stops with frequent transit service, depending on location.

Fifteen communities have requested a formal extension on adopting the legislation beyond the June 30, 2024, deadline. Those requests are being reviewed by the Province. Two communities, the District of Wells and the Northern Rockies Regional Municipality, have been granted an extension due to recent or current impacts of wildfire and evacuation orders.

One community, the District of West Vancouver, rejected passing bylaw amendments and is currently not in compliance with small-scale multi-unit housing legislation. This community has been sent a 30-day non-compliance notice. At the end of that 30 days, a ministerial order could be issued.

A full listing of bylaw compliance and requested extensions by community is available in backgrounders.

In the coming months, the Province will evaluate the implementation of the legislation by local governments to ensure its success in helping to deliver more small-scale multi-unit homes.

In November 2023, the Province passed housing legislation to help deliver more small-scale multi-unit housing in communities. In December 2023, the Province also provided local governments with regulations and a policy manual to support the implementation of the legislation with a deadline for local governments to amend local bylaws by June 30, 2024.

According to the Province, small-scale multi-unit housing creates more options for the kinds of housing people are looking for, whether it is seniors looking to downsize while staying in their neighbourhoods, or young families searching for more attainable homes with outdoor spaces for pets, children and gardens.

Key Takeaways:

• The Holdom Overpass project aims to address two main goals: increasing rail capacity for the Port of Vancouver and improving traffic flow and safety for the Burnaby community. 
• The overpass will create safer and more reliable travel options for pedestrians, cyclists, commuters, and emergency responders. It will also improve connections to the Holdom Skytrain station and greenway areas south of the rail tracks.
• The rail corridor moves more than 40 million metric tonnes of export cargo, accounting for more than 40% of the port’s total international exports in 2023. 
• Work will begin later in late 2024.

The Whole Story:

Work will soon begin on a $200-million overpass project in Burnaby, B.C.

The Port of Vancouver announced that the construction of a new four-lane overpass crossing the rail lines at Holdom Avenue in Burnaby will begin in late 2024. The Vancouver Fraser Port Authority is delivering the Holdom Overpass project in partnership with the City of Burnaby, CN, and the Government of Canada.  

The overpass will extend Holdom Avenue south over the rail corridor and Still Creek, connecting it with Douglas Road. Once complete, there will be an increase of rail capacity for Port of Vancouver terminals, supporting the reliable movement of goods through the region, and improved traffic flow and safety for the Burnaby community.   

“By investing in projects like the Holdom Overpass, we’re addressing current transportation needs, supporting our supply chains to make life cost less for Canadians, and also building the infrastructure to support vibrant, growing communities that are great places to work, live, and raise a family,” said Pablo Rodriguez, minister of transport.   

The rail corridor through Burnaby is the only rail connection to transport goods and commodities to and from port terminals located in North Vancouver, a vital link in the national supply chain that connects Canadian products like grain and fertilizer to global markets. The rail corridor moves more than 40 million metric tonnes of export cargo, accounting for more than 40% of the port’s total international exports in 2023. 

The City of Burnaby identified the Holdom Overpass as an important solution to provide better access and improve safety for cyclists, pedestrians, commuters, and first responders as part of its transportation plans. The Holdom Overpass active transportation facilities will improve connections to the Holdom Skytrain station, which is a main hub for cyclists and pedestrians, making travel from the Skytrain station to areas south of the rail tracks — such as the Central Valley Greenway — safer, faster, and more reliable. 

Canada’s trade through the region is growing, and the project is designed to mitigate the impacts of trade on those who live, work and commute in Burnaby. It will provide significant community benefits, including improved safety and traffic flows, reduced greenhouse gas emissions from less idling traffic at the existing crossing, better community access by creating more reliable travel times, and better emergency response options.  

The project will add to the rail improvements completed by CN in 2022, which included updates to the Thornton Tunnel to reduce the time between trains travelling through the tunnel and a new rail siding track running from Willingdon Avenue to Piper Avenue.  

The port authority has previously completed two phases of public engagement and continuous First Nations consultation, and input from these efforts has helped shape the overpass design. Public space surrounding the overpass will include First Nations cultural recognition, public art, and improved landscaping in the Still Creek and Beecher Creek areas. 

The road enhancements are part of the Burnaby Rail Corridor Improvements Project, a series of road and rail improvements to increase transportation efficiency and trade capacity through Port of Vancouver terminals on the North Shore. The Burnaby Rail Corridor Improvements Project is funded by the Government of Canada, through its National Trade Corridors Fund, the port authority, and CN.  

A great idea isn’t worth much if you don’t have the resources to make it a reality.

That’s a problem venture capital firms solve. They invest in young companies with high growth potential, and often can provide guidance to help them succeed. Recent years have seen many firms rise up with a specific focus on fostering innovation in the construction sector, highlighting how much opportunity exists.

Be sure to take note of the companies on this list as there is a decent chance construction’s next big tech breakthrough comes from one of them.

Ironspring Ventures

Based in Austin, Texas, Ironspring Ventures focuses on companies across the industrial supply chain, including construction, manufacturing, transportation & logistics, and alternative energy. Founded in 2020, they’ve raised over $160 million across two funds to invest in Seed and Series A rounds. They look for companies with the potential to improve productivity and solve challenges in these industries through automation and technology. They partner with their portfolio companies by leveraging their network of industrial experts and strategic investors.

Notable investments:

• ICON
• Fast Radius (Exited)
• Harbinger
• Plus One Robotics
• OneRail
• Assignar

Brick & Mortar Ventures

Brick & Mortar Ventures is a venture capital firm headquartered in San Francisco, California, founded in 2015. They focus on investing in early-stage companies that develop innovative software and hardware solutions for the industries that make up the built world. This includes Architecture, Engineering, Construction, and Facilities Management (AEC/FM). They aim to disrupt the traditional methods used in these industries by backing entrepreneurs who are creating new technologies. Brick & Mortar Ventures has a notable track record with past investments in companies like PlanGrid, BuildingConnected, and BuildZoom. Their funding comes from institutional investors, and they have a dedicated team with experience in both venture capital and the AEC/FM industries.

Notable investments:

• PlanGrid
• BuildingConnected
• BuildZoom
• Fieldwire
• Levelset (formerly Zlien)
• Rhumbix

Builders VC

Founded in 2014, Builders VC is another San Francisco venture capital firm specializing in early-stage investments. They target tech startups aiming to modernize established industries (construction included). Builders VC focuses on Seed and Series A funding rounds, but also participates in later stages. Their sweet spot lies in Enterprise Applications and high-tech solutions, although they also invest in sectors like healthcare, sustainability, and food & agriculture technology. For their efforts in the construction world, they have brought on venture partners with deep construction industry experience. Steve Dell’Orto, formerly a senior executive at Clark Construction, joined Builders VC to leverage his expertise and guide construction investments.

Notable investments:

• Fieldwire
• Modumate
• Camino Technologies
• DOZR
• Mercator.ai
• Foresight
• Bowery

HOLT Ventures

As the investment arm of HOLT Cat, the largest Caterpillar tractor and engine dealer in the U.S., HOLT Ventures aims to be an engine that powers construction innovation. in early-stage technology companies that can benefit the industrial and manufacturing sectors, particularly those that can optimize and improve the services offered by Holt CAT. This includes areas like construction technology, manufacturing process improvement, rental/distribution solutions, business productivity software. Their team primarily focuses on Seed and Series A funding rounds. They look for companies with innovative solutions that address challenges faced by their parent company, Holt CAT, and its customers. They also have active partnerships with many others on this list, including Ironspring, Building Ventures and Blackhorn Ventures

Notable investments:

• Document Crunch
• Skillit
• PLNAR
• Streamline
• Suppli
• RodRadar
• Voze
• Camp Six
• Document Crunch

Fifth Wall

Fifth Wall is one of the world’s leading venture capital firm dedicated to propelling the real estate industry forward through technology. Based in Los Angeles, they focus on innovative companies tackling critical challenges that impact the built environment. Climate change, aging infrastructure, inaccessible housing markets, and unreliable supply chains are just a few areas they address. Fifth Wall is backed by a global mix of more than 100 strategic limited partners from more than 15 countries, including BNP Paribas Real Estate, British Land, CBRE, Cushman & Wakefield, Hilton, Host Hotels & Resorts, Kimco Realty Corporation, Lennar, Lowe’s Home Improvement, Marriott International, MetLife Investment Management, MGM Resorts, Related Companies, Starwood Capital, Toll Brothers, and others.

Notable investments:

• Aurora Solar
• ICON
• SPAN
• VTS
• SOLARCYCLE
• NZero
• SPAN
• Soly
• Pacaso

MetaProp

Founded in 2015, MetaProp’s investment team has invested in over 150 technology companies across the real estate value chain. They claim to be the world’s largest early-stage PropTech portfolio. The firm manages funds for both financial and strategic real estate investors that represent a pilot- and test-ready sandbox of 20+ billion square feet across every real estate asset type and global market. Their partners include construction gians like Bosa Properties and Altus Group. They also run the MetaProp Bridge at Columbia University program. Each year, between six and eight of the best technology-driven real estate industry ideas are selected to participate in intensive education, mentorship, and growth hacking programs, culminating in exclusive Graduation Defense panels, Roadshows, and Demo Days for partners, investors, VCs, and media. 

Notable investments:

• Skillit
• Briq
• AirWorks
• Trestle
• BuildOps
• OnsiteIQ
• TracFlo
• Urbint
• Mapped
• Kwant

Building Ventures

Building Ventures is a venture capital firm with a specific focus on the built environment. More specifically, they target companies that develop solutions that impact how we design, build, operate, and experience our physical surroundings. This could include anything from construction technology to sustainable building materials. Building Ventures doesn’t just want cookie cutter companies. They say they prioritize companies that have the potential to create a transformative impact.

Notable investments:

• Work & Mother
• SmartPM Technologies
• Dandelion Energy
• Measurabl
• Built Robotics
• Mosaic
• SKILLIT
• SmartPM
• Blokable

Formwork Labs

Formwork Labs, a collaborative accelerator program, has a simple goal: to be the foundation for entrepreneurship and innovation for the construction industry. Their team focuses on nurturing early-stage startups in the Architecture, Engineering, and Construction (AEC) industry. Launched by Brick & Mortar Ventures and BuiltWorlds in 2022 as the first accelerator of its kind, they provide funding, mentorship, and industry connections to help these young companies refine their products and go-to-market strategies. Recently, they announced the launch of their third cohort, selecting five promising startups from a pool of over 70 applicants.

Current cohort:

• Flowlly
• MatBook
• Pivla
• Silo-in
• TerraScape AI

EllisDon ConTech Accelerator

EllisDon’s ConTech Accelerator acts as a launchpad for innovative construction technology startups. The program identifies promising young companies with solutions that address challenges in the construction industry. These startups receive mentorship, potential funding, and industry connections from EllisDon to help them refine their ideas and develop go-to-market strategies. Successful participants may even collaborate with EllisDon on real-world construction projects to test and improve their solutions, accelerating their growth and impact on the industry.

2023 program finalists:

• SiteLink
• The Link
• Provision

Blackhorn Ventures

Founded in 2017 in Denver, Colorado, Blackhorn Ventures is a venture capital firm that invests in early-stage companies using software solutions to improve efficiency and decarbonize industrial sectors like energy, construction, and transportation. They target companies that leverage digital tools to minimize resource use and environmental impact while aiming for strong financial returns. Just this month they announced the close of their third fund, Blackhorn Ventures Industrial Impact Fund II, LP (IIF II) which garnered $150 million in new commitments. The fund’s focus is seed and Series A stage investments into capital-efficient software solutions, vertical SaaS companies, and AI applications that address the urgent need for industrial resource efficiency and decarbonization at scale.

Notable investments:

• Aperia Technologies
• EcoWorks
• Briq
• Agorus
• Amperon
• Circuit Mind
• Datch
• QuoteToMe
• Hyperframe

Shadow Ventures

Founded in Atlanta, Georgia in 2017, Shadow Ventures is a venture capital firm focused on seed-stage startups that bring innovation to the built environment. They target companies using technology to tackle challenges in real estate and construction, with a specific interest in sustainable solutions. Their investments aim to transform how we design, build, and operate buildings. They recently announced their new $34 million Seed Fund II. This fund aims to continue their mission of financing ambitious entrepreneurs with frontier technologies for the global infrastructure sector.

Notable investments:

• Okibo
• Constructn.ai
• BotBuilt
• jet.build
• Green Badger
• Ecobot
• billy
• Rabbet
• Aren
• ICON
• Konstru
• Hummingbird Kinetics

Energize Capital

Formerly Energize Ventures, this firm wants to make the world a healthier place. A leading climate software investor, Energize Capital partners with with innovators to accelerate the sustainability transition. Their team has decades of experience in the climate technology space, and they leverage that deep industry and operational expertise to guide a research-based, proactive and thorough investment approach. They support companies at various stages of maturity by helping them scale and realize their full potential, from early commercialization to the public markets. They have several areas of focus: renewable energy, industrial operations, electrification/mobility, infrastructure resilience and decarbonization

Notable investments:

• Amperon
• Urbint
• Sitetracker
• Aurora Solar
• Handle
• PVcase
• SINAI

*Editor’s Note: Emails, video calls, regular calls, paperwork, site visits—most construction professionals don’t have hours to go through press releases and news articles detailing the latest business deal in the industry. But we do. Each month we distill all that information into a pure, concentrated syrup called Business Moves. This month was big for sustainable companies, Indigenous partnerships, tech funds and more.

Buffalo River Developments LP has acquired majority interest in Threeosix Industrial Services Inc. The groups reached an agreement where Buffalo River Dene Nation, via its development corporation Buffalo River Developments LP, completed a significant investment in Threeosix in exchange for a majority stake in the group of companies. Threeosix is a multi-discipline industrial solutions provider based in Saskatoon, Sask. Buffalo River Developments is the wholly-owned economic development corporation of the Buffalo River Dene Nation.

Volvo Group and Westport Fuel Systems Inc. have formed joint venture to promote, develop and further accelerate the commercialization of the high pressure direct injection (HPDI) technology—a fuel system used to reduce CO2 in long-haul trucking and other high-load and off-road applications.

Parity, a remote HVAC optimization as a service company for multifamily buildings and hotels, announced today the successful closing of its USD $19M Series B funding round. Parity aims to limit energy waste and maximizes demand response performance by remotely operating existing heating, ventilation, and cooling systems in real-time. The round was completed by Idealist Capital, joining existing investors ArcTern Ventures, Wyse Meter Solutions Inc., and RET Ventures.

The Hillcore Group, an independent Canadian investment firm, successfully completed the acquisition of CEDA, which has been majority-owned by OMERS since 2005. CEDA specializes in providing industrial maintenance, turnaround and environmental services to clients in the oil and gas, pipeline, power, pulp and paper, chemical, mining, municipal and steel markets.

Schneider Electric, a global digital energy management and automation company, is transforming its Digital Buildings business in Canada with the launch of the SMART Buildings Division. The company stated that this evolution marks a strategic move to deliver comprehensive solutions and services that support building owners and operators in achieving their decarbonization and sustainability goals.

Through our SMART Buildings division in Canada, we’re set to enhance efficiency, sustainability, and occupant comfort. Our goal is to empower building owners and operators to create smarter, more efficient spaces for a sustainable future

Emily Heitman, President of Schneider Electric Canada

Backwoods Energy Services, one of the largest and most sophisticated Indigenous-owned contractors in Western Canada, has formed a strategic partnership with Kihew Fabco, an Indigenous-owned fabrication shop in Saskatchewan. The partnership is poised to strengthen the capacity of both organizations through the creation of employment opportunities, training programs, and revenue streams that directly contribute to community initiatives.

Canada-based companies Stantec and WSP have both made Time Magazine’s first list of the world’s 500 Most Sustainable Companies. The top spot on the list went to a company previously mentioned in this month’s edition of business moves, Schneider Electric, which is based in France. Stantec ranked 14th and WSP ranked 54th.

Electrical distributor EECOL Electric announced that it has acquired Independent Electric Supply of Toronto. Independent, with its 40 team members, has been serving customers in the Toronto area market since 1921. Officials said the acquisition underscores our dedication to serving customers across Canada with unparalleled service and top-quality products from hundreds of premier manufacturers

Pembina Gas Infrastructure Inc. (PGI), a gas processing entity in Western Canada jointly owned by Pembina and KKR, has entered into a purchase and sale agreement with Whitecap Resources Inc. to acquire a 50% working interest in Whitecap’s 15-07 Kaybob Complex as well as executed an agreement to support the future infrastructure development for Whitecap’s Lator growth area. Gross proceeds related to the transaction are $420 million ($252 million, net to Pembina).

Aecon Utilities, a subsidiary of Aecon Group, has acquired a majority stake in Xtreme Powerline Construction, a Michigan-based electrical distribution utility contractor, for $73 million. The acquisition will allow Aecon Utilities to expand its U.S. presence and services offered, particularly in repairing and upgrading electrical grids. Xtreme’s management will retain a minority ownership and leadership roles, while Aecon Utilities gains access to Xtreme’s expertise and client relationships.

Blackhorn Ventures has announced the close of its third fund, Blackhorn Ventures Industrial Impact Fund II, LP (IIF II). With $150M in commitments towards the new fund, Blackhorn says its team is exceptionally well-positioned to partner with world-class founders. Its focus is seed and Series A stage investments into capital-efficient software solutions, vertical SaaS companies, and AI applications that address the urgent need for industrial resource efficiency and decarbonization at scale.

e-Zinc, a company focused on long-duration energy storage with its zinc-air battery, announced it has raised an additional USD $31 million in follow-on funding to its $25 million Series A round. This oversubscribed Series A2 round was led by Evok Innovations, with additional investments from Mitsubishi Heavy Industries, Export Development Canada (EDC), and Ultratech Capital Partners. e-Zinc’s existing shareholders also participated, including Toyota Ventures, Eni Next, Anzu Partners, BDC, and Graphite Ventures. e-Zinc plans to use this financing to accelerate product development and complete the construction of its 42,000 sq. ft pilot manufacturing facility in Mississauga, Ont.

Ironspring Ventures has announced $100 million in new funds to continue partnering with early-stage founders who are creating change and catalyzing innovation across the industrial supply chain. Ironspring officials stated that there’s never been a better time to invest in these critical industrial industries. They added that infusion of new capital will fuel their ability to back the entrepreneurs and teams who are revolutionizing the way the world designs, builds, distributes, and operates in the physical world.

Ramudden Global has announced the acquisition of RSG International, a group of road safety businesses based in Toronto. With this acquisition, Ramudden Global surpasses $1.74 billion in revenue and more than 5,000 employees in 12 countries.

I see this as a breakthrough for our business and a great opportunity for our staff to embark on an exciting journey. Combining forces enables us to gain the strength needed to realize our expansion plans. By combining European and North American expertise, we aim to bolster our offerings and deliver superior infrastructure safety solutions in our region

Lisa Laronde, President or RSG

Steelhead LNG, a Vancouver-based developer in the liquefied natural gas (LNG) industry, announced the recent award of patents in the U.S. and South Korea in relation to its proprietary near-shore floating LNG production facility system. The patents cover pivotal aspects of Steelhead’s approach to liquifying natural gas for export and are in addition to the patents already issued to Steelhead LNG in Canada, Australia and Mexico.

Pennsylvania-based infrastructure product provider JENNMAR has acquired Dumotech Industrial Products in Quebec. JENNMAR said that Dumotech complements JENNMAR’s offering of infrastructure products and specialized services to the civil, solar, mining and construction industries, and strengthens its presence in Quebec through an expanded product range and local proximity to the region’s mines.

DC Equipment has opened a new manufacturing facility in Prince George, B.C. marking the return of Madill equipment production to B.C. The first machines to be produced at this facility will be the Madill 3000B Log Loaders.

Advanced Construction Robotics (ACR), announced it has entered into an agreement with Nucor Rebar Fabrication, Inc. (Nucor), North America’s largest fabricator and installer of rebar. This partnership will introduce cutting-edge technologies into Nucor’s operations.

Key Takeaways:

• CIBC is offering a new banking program specifically designed for skilled trades students and apprentices.
• This program includes free everyday banking, a credit card with special offers,and a line of credit up to $80,000 to help cover the costs of training and tools.
• There’s also contest open to registered apprentices who open a CIBC account. The grand prize includes a three-year truck lease and $10,000 worth of tools.

The Whole Story:

CIBC has announced a new banking offer for apprentices in skilled trades.

The bank says its goal is to support this underserved population at a time when skilled tradespeople are in high-demand across the country.

The CIBC Skilled Trades Banking solutions are the first of their kind in Canada and provide skilled trades apprentices with free everyday banking with CIBC Smart Account, access to special offers with the CIBC Dividend Platinum Visa credit card, and a CIBC Education Line of Credit of up to $80,000 to support training and tools. Specialized banking products and services are also available to skilled trades students and certified professionals.

CIBC’s Skilled Trades Banking solutions can currently be accessed by skilled trades students, apprentices and professionals during three distinct points in the skilled trades journey: while enrolled in an accredited trades college, throughout their registered apprenticeship program, and support extends to skilled trades professionals upon becoming a certified member of their respective trade association or union.

“CIBC recognizes the increasing importance that professionals in the skilled trades are bringing to the country and economy, and also understands that it takes an investment of time and money to become certified in a trade,” said Jeff Smith, senior vice-president, client segmentation and franchising, CIBC. “The Skilled Trades Banking solutions are unique and will help make career ambitions of skilled tradespeople more attainable – especially at a time when skilled trades workers are needed across the country.”

According to a recent survey conducted by CIBC, nearly half (45%) of skilled trades professionals don’t feel confidence in their financial situation. CIBC hopes to provide support to help apprentices successfully complete their training.

The bank also announced that it has partnered with the Skilled Trades College of Canada (STC) as their financial services title sponsor to ensure trades students have access to financial advice and products to succeed throughout their journey. The bank will be providing 15 $15,000 scholarships over the next three years to STC students.

“We are thrilled that CIBC is now the official banking partner of Skilled Trades College because a strong financial background is imperative to any successful tradesperson and entrepreneur,” says Mike Di Donato, chief operating officer, Skilled Trades College of Canada. “CIBC will provide our student base with financial advice and access to banking products and services, helping them on their path to be journeypersons and future business owners. In an effort to assist in addressing the skilled trades shortage CIBC has generously committed five, full-ride scholarships to STC students per year for the next three years, valued at $225,000.”

To further help support those who are considering a career in the skilled trades, CIBC will also be providing 15 $2,000 scholarships over three years to the Southern Alberta Institute of Technology (SAIT), and five, $2,000 scholarships to Northern Alberta Institute of Technology (NAIT) for the 2024 academic year.

Registered apprentices who open a new CIBC account and/or product can enter the ‘Build your Future‘ contest by October 31, 2024 for a chance to win $35,000 towards a three-year truck lease and $10,000 in tools.

Key Takeaways:

• The VRCA’s Constructive Conversations is a platform for industry stakeholders to engage with decision-makers and discuss solutions for a sustainable future for the construction sector.
•  The first event, held on April 11, welcomed Premier Eby as the inaugural guest. The third edition of the series is scheduled for August 28, with BC Conservative Leader John Rustad as the guest speaker.
• Kevin Falcon, BC United Leader, emphasized the need for collaboration between government and industry to address these challenges. He highlighted attracting more youth to skilled trades and prompt payment legislation as key areas needing attention. 

The Whole Story:

The Vancouver Regional Construction Association (VRCA) hosted its second Constructive Conversations event last week featuring BC United leader Kevin Falcon. This event brings together VRCA members, industry leaders and stakeholders to address critical issues impacting the construction sector in B.C. The province will be holding an election this October.

“I think sometimes legislators, certainly at the provincial level, feel a little untouchable and out of reach and we want to let our members know that these are the people we need to be talking to about construction and what’s going on in construction,” said Jeannine Martin, VRCA president. “Construction is 10% of our GDP and the fact that construction isn’t getting more attention from legislators is surprising to me.”

Martin added that these conversations are a great opportunity to understand what a candidate’s views are on the construction sector and let them know the major issues the industry is thinking about.

The 90-minute conversation with Falcon covered various crucial topics related to the growth and sustainability of the construction industry.

These included elevating the brand of construction to attract more individuals to skilled trades, addressing the housing crisis and its impact on drawing people to B.C., the necessity for targeted immigration, short- and long-term infrastructure funding, and the importance of affordable childcare for working families.

Do you support prompt payment?

When asked about his stance on prompt payment, Falcon noted that he has heard the stories of developers taking advantage of contractors. He expressed his support for implementing some form of prompt payment, but wanted to make sure time was taken to structure it well.  

“You have to pay your people so it doesn’t take long before you can find yourself in a whole world of hurt. How will it be structured? I would take a lot of guidance from you on how to get it right,” said Falcon. “I would look at who does it best in Canada. Alberta? Ontario? And why they do it best. But I 100% agree that we need some form of prompt payment legislation. I know what it’s like to be an entrepreneur, you’ve got those receivables and you are waiting on some big payments that are due. That just doesn’t work.”

BC Construction Association President Chris Atchison responded to Falcon, noting that cross-jurisdictional analysis is currently being done on prompt payment language and processes that work best. He also reminded Falcon of his previous comments around developers. 

“You mentioned one thing that is an irony when we are talking about prompt payment,” said Atchison. “We recognize that they are all different, but when you say we need to make the developers whole if we are introducing a program to inspire building. You can’t on one hand make the developers whole and offer to make tradespeople whole if you don’t connect the dots to make sure payment flows to the people.”

How do we attract and retain more workers?

Falcon lamented that B.C. was becoming a harder and harder place for young people to succeed, adding that this is particularly challenging for B.C.’s construction sector which is looking to recruit the next generation for workers. 

“One in three British Columbians is looking to move outside the province,” he said. “We lost 70,000 people to Alberta last year. Right now B.C. is a really tough sell. It’s tough for you to attract and retain employees. Even more concerning, of 18- 35-year-olds, 50% are looking at leaving British Columbia. That terrifies me.” 

He believes that improving healthcare, bringing down home and rental prices, and providing affordable childcare can help prevent more young families and workers from leaving.

“When you talk to workers and people in the trades, they say ‘I can’t make it here. I can’t ever dream of owning a home in British Columbia,” said Falcon. “At least I can go to Alberta and have a chance.’”

Falcon also believes more work needs to be done to educate young people in school about trades opportunities and to honour trades workers.

“Not every child should go to university. We need to do a better job of letting young women and men know that there is great opportunity,” said Falcon. “We have given parents the mistaken impression that somehow every child must go to university or they will be less than successful. We have to change that. Many of them graduate and still have no jobs or opportunity”

He recalled that during his time as minister of transportation, he would go around to major projects with plaques, medals and ceremonies to celebrate workers.

“We have to do a better job of celebrating the trades and make people proud to be trades people like they are in Europe,” said Falcon.

He also plans to pressure the federal government on immigration to prioritize more skilled trades immigration. And he wants to work to immediately funnel immigrants toward the construction sector by providing them with language and skills training, 

Does construction get the attention it deserves?

Martin explained that construction drives more than 10% of GDP in B.C. but rarely is in the limelight. She asked if Falcon thought there should be a government official or department that could focus on the sector and its issues.  She was curious what Falcon’s thoughts on the construction sector were and if he feels like it needs more attention.

“I think the construction industry is a huge, important part of the economy and they did such a great job for us when we were in government,” said Falcon. “I was minister of transportation and infrastructure for six years and was responsible for over $14 billion in capital projects, many of them built by your members. The vast majority were delivered on schedule and on budget, granted those were different times with different challenges. I don’t know if we need a minister of construction, but we need a minister responsible that understands the importance of the sector.”