5 d. ago Osmose Secures FAA Waiver for ‘Beyond Visual Line of Sight’ Operations, Enhancing Capabilities for Aerial Data Collection for Electrical Utilities

ATLANTA — Osmose Utilities Services, Inc. (“Osmose”), a leading provider of critical asset resiliency and life extension services for the electric utility industry, announced today it has secured an FAA waiver to perform Uncrewed Aircraft Systems (UAS) operations Beyond Visual Line of Sight (BVLOS). This milestone builds on Osmose’s ongoing innovation efforts to deliver market-leading […]

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2 w. ago Hardly anyone is building or buying homes in Ontario anymore as market flops

Apologies for sounding like a broken record about the state of Ontario's housing market, but you may want to check on your realtor and homeowner friends, because things have been pretty dire out there — and worsening — for well over a year now.Politicians continue to emphasize the pressing need for more housing to keep up with the nation's record immigration-led population growth, but meanwhile, a raft of unsold houses and condo units have been languishing on the market for far longer than usual, especially in the GTA.As the number of homes switching hands remains at rock-bottom lows, developers have had to radically pull back on new construction, with some even putting entire projects into receivership.It seems like a never-ending cycle of diminishing sales numbers, less construction and ever-lower confidence in the market from stakeholders on all sides.And, with prices failing to budge much due to how much sellers paid in the first place — bec...

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2 w. ago Price tag of Toronto's futuristic new market building soars to over $200 million

While the long-awaited redevelopment of Toronto's St. Lawrence Market North building has officially opened up for its Saturday farmers' markets, despite years of delays and technical issues, the multi-million dollar project is now at the centre of a legal dispute, which could balloon its price tag to $203 million.The contractors behind the building's construction are suing the City of Toronto for $83 million, alleging that they have not been fully paid for the work.The claim was filed on March 12 in the Ontario Superior Court of Justice by a joint venture of Buttcon Ltd. and Atlas Corporation. The companies claim they are owed for labour, materials, supervision, and services delivered throughout the project, and also allege that the City is in breach of contract.None of these claims have been proven in court, and the City of Toronto has yet to file a statement of defence.The contractors are seeking a lien on the St. Lawrence Market for the $83 million they allege remains unpaid...

Economics

3 w. ago Here's a look inside Toronto's futuristic new $128 million market building

The highly anticipated St. Lawrence Market North Building officially opened its doors for its first farmers' market on Saturday, and here's a look inside the futuristic, $128 million redevelopment. Mayor Olivia Chow and Councillor Chris Moise joined crowds of morning shoppers who were invited to explore the building's ground-floor, open-concept Market Hall for the very first time. The multi-use, five-storey building was designed by RSHP, and features a glass and orange metal exterior, a skylit atrium, blue-painted steel walkways, and orange pedestrian bridges. The brand new building — which has been under construction since 2016 — brought back the 200-year-old market indoors for the first time in nearly a decade. While it was revitalized, the Saturday market continued to operate from a tent behind the St. Lawrence Market Complex's brick south building on The Esplanade. @blogto After 25 years, St. Lawrence Market’s farmer...

Economics

3 w. ago Most Canadians Support Building an Oil Pipeline That Would Sidestep US Market

More than three in four Canadians would support publicly funding an oil pipeline to carry crude from Alberta to eastern Canada, according to a poll commissioned by Bloomberg.

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4 w. ago New report shows Calgary's downtown office vacancy rate climbs back above 30%

The effect of increased oilpatch consolidation continues to be felt in Calgary’s downtown office market, with the vacancy rate for these buildings climbing back above 30 per cent during the first three months of the year. A report released Monday by commercial real estate firm CBRE Ltd. found the downtown office vacancy rate increased during […]

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