In the current environment, sales have plummeted, construction starts are slowing, and the ongoing housing crisis is expected to worsen, most notably in regions like Ontario and the GTA, says the report published by Altus Group and called Cost Escalation in New Construction: A 2024 Update.
P.E.I. is falling short of the 2,000 new housing units per year needed to improve the vacancy rate. Both the Green Party and the King government agreed in the Legislature that the province isn't meeting its goal.
Deborah Johnston began her career in plumbing 50 years ago this month, eventually becoming the first woman in Ontario to be certified in the trade. She's now encouraging the introduction of the skilled trades to girls in high school.
Officials say Cape Breton's unemployment rate is typically double Nova Scotia's provincial average and a boom in construction jobs won't make a dent because those positions only make up a small percentage of the total labour market.