61 h. ago Major projects announcement hampered by red tape, lack of pipelines: Critics

Canada to fast-track five projects across Canada as part of Liberals' nation-building efforts

Politics

1 week ago Honda Indy to leave Toronto after almost 40 years in the city

One of the biggest annual summer sporting events in Toronto is leaving town.The Grand Prix of Toronto, also known as the Ontario Honda Dealers Indy Toronto, but known to most simply as the "Honda Indy," will relocate for its 2026 race and onwards.But it's not going all that far, as it will be held in the nearby city of Markham moving forward.The Indy has been held at Toronto's Exhibition Place since its inception in 1986. Interestingly, Exhibition Place had previously been floated as a destination throughout the 1960s and 1970s to host a Formula One race, but a proposal was rejected in 1978 that eventually opened the door for the IndyCar circuit to take over.The new temporary track will circle through Markham's downtown core."Markham is ready to build on its strong sports legacy and offer a new home where this celebrated summer tradition can thrive," Markham Mayor Frank Scarpitti said in a statement, via the Toronto Star&...

Other

1 week ago Carney’s cabinet retreat begins as trade war set to dominate fall agenda

This fall, the Carney government will aim to push through the creation of two new federal agencies: the Major Projects Office and Build Canada Homes.

Economics

1 week ago Canada needs to build homes in record numbers for a decade to drive down prices

Canada must deliver 3.2 million net new housing units by 2035 to close the country's supply gap, according to a new updated analysis by the Government of Canada's Parliamentary Budget Officer (PBO).That works out to about 290,000 net new homes per year — a pace the country has never sustained. Net new takes into account the homes that have been demolished to make way for new additional homes.The report comes as household formation surges and then slows. After hitting a record 482,000 new households in 2024, the PBO projects a sharp decline in 2025 and 2026 due to recent federal policies curbing immigration. Household formation is expected to remain well below the historical average of 176,000 per year until 2030.On the construction side, the PBO expects a short-term boost, with completions averaging 256,000 units annually over the next three years. But beyond that, housing starts are forecast to fall back to historical norms, with about 2.5 million new units delivered ...

Economics

2 w. ago Liberals are already missing their promised lower immigration targets

Tristin Hopper: Canada is on track to bring in about 422,000 new permanent residents by year’s end, despite a Liberal government promise to take in only 395,000

Other

2 w. ago Parliamentary Budget Officer says Canada not expected to meet housing target in the next decade

Canada needs 3.2 million homes, 700,000 less than what is currently projected to be built, and what is needed, analysis says

Events

2 w. ago Canada not expected to meet housing target in the next decade, Parliamentary Budget Officer says

Canada needs 3.2 million homes, 700,000 less than what is currently projected to be built, and what is needed, analysis says

Events

2 w. ago Canada on track to build far fewer homes than needed to meet housing gap

According to PBO’s projections, 2.5 million new homes will be added to Canada’s housing stock by 2035 — an addition of 227,000 net new units completed annually over 2025 to 2035.

Other

2 w. ago Parliamentary Budget Officer says 3.2 million new homes needed to close housing gap

OTTAWA — The Parliamentary Budget Officer estimates Canada needs to build 3.2 million new homes in the next decade to close the housing gap but isn’t currently on track to do that. The latest PBO report estimates the number of new home builds will be higher over the next three years but will gradually return […]

Economics

3 w. ago Nanaimo mayor pushes back after province rules out ‘sober’ housing project

The proposal is to build a five-storey building with 50 studio homes, targeted at people currently experiencing or at risk of homelessness in Nanaimo. 

Other