The Canadian government has promised $2.55 billion in low-cost loans to support the construction of rental homes in Toronto. The financial support will help deliver a total of 4,831 rental homes across seven rental developments which will include more than 1,000 much needed affordable units. This comes after Toronto’s city council passed a financial incentive package for rental builders that includes development charge relief and reduces property taxes for projects that promise that 20 percent of new units are rented at below-market rate...

Alberta’s Stantec, a design and engineering firm, has been selected by water company Cadiz to oversee development and construction of the $800 million Mojave Groundwater Bank project in California’s Mojave Desert that will supply California and Arizona by pulling water from an ancient aquifer beneath the desert. When finished, this will be the largest new water infrastructure project in the Southwest United States and will provide 2.5 million acre-feet of new water supply, one million acre-feed of underground storage capacity, and pipelines...

Funding delays in the wake of Hurricane Milton, which damaged Tropicana Field, the home of MLB’s Tampa Bay Rays, in St. Petersburg, Florida, has led the team’s owner to pull out of a $1.3 billion stadium deal with the city that would have seen a ballpark megaproject anchor a $6.5 billion redevelopment of the city’s historic Gas Plant District. In July 2024, Pinellas County commissioners approved public financing for the new stadium, but in October, county commissioners voted to delay the approval of bonds, claiming uncertainty after the...

A series of groundbreaking immigration measures have been announced by the Honourable Marc Miller, Canada’s Minster of Immigration, Refugees and Citizenship Canada (IRCC) under the 2025-2027 Immigration Levels Plan to address immediate workforce needs in the construction industry that will support the sector’s long-term growth. The move comes at a time when the demand for housing is at an all-time high, with a housing crisis that is being heightened by labor shortages, slowing critical infrastructure projects, and a trade war with the U.S....

As part of its global expansion strategy, Drees & Sommer, a German construction and real estate consulting firm, will expand into the U.S. market thanks to the acquisition of VVA Project & Cost Managers, a New York-based consulting firm that was founded in 1994 and provides a comprehensive portfolio of project management and quantity surveying services for clients across the U.S. The firm’s advisory offerings include project and cost planning, due diligence and site selection, detailed cost estimating, procurement and bid management,...

Canada Infrastructure Bank (CIB) closed on a $60.7 million loan to support the Metlakatla Development Corporation (MDC) and the Prince Rupert Port Authority in the development of an Indigenous-led South Kaien Import Logistics Park in Prince Rupert, British Columbia, which will create long-term economic opportunities in the region. The funding comes from CIB’s Indigenous Community Infrastructure Initiative (ICII) and will be used for site infrastructure to develop 56 acres of flat, serviced land, heavy civil work that will take place over the...

Toronto has approved its proposed capital budget for 2025, the largest in the city’s history, and much of the $59.6 billion will focus on housing and infrastructure to overcome a maintenance and infrastructure repair backlog that has weighed on the city for some time. The budget calls for a $9.8 billion increase over the year prior and will set aside nearly the same amount for home building, including foregone revenue from affordable rental housing incentives and prioritizing state-of-good-repair (SOGR) upgrades through 2034, with anticipated...

After 10 years in operation, Wind River Built, a leading innovator in custom-built small residential and modular units for residential, hospitality, and commercial applications, has been honored by the AGC East Tennessee as the recipient of the Excellence in Innovation Award. The honor is recognition of its cutting-edge contributions to the construction industry: advancing the small-scale dwelling movement and providing unique solutions for housing, vacation rentals, and remote workspaces ranging from 200 to 1400 square feet. “AGC East...

A bill introduced in Ontario has set the minimum mandatory fine for repeat violations of health and safety standards in the province, particularly those convicted of serious and fatal violations. Employers convicted of more than one violation of the Occupational Health and Safety Act resulting in the serious injury or death of a worker within a two-year period can be fined at least $500,000. In addition to setting the toughest mandatory minimum fines in Canada’s history for health and safety violations, the wide-ranging bill also expands...