In a poll conducted on May 26-28, by Reuters, 23 out of the 24 Canadian economists polled said they expected the Bank of Canada will hold interest rates at a record low of 0.25% until at least the end of 2021.
Total construction spending in April was 2.9% below the previous month but 3.0% above April 2019.
More than half of single-family homes builders reported that they are using some form of incentives to improve sales.
Canfor completes purchase of Elliot Sawmilling
Historical drought conditions threaten Austria’s forests
The City of Vancouver, B.C., Council has just approved a by-law amendment which will allow, starting July 1st, 2020, mass timber construction up 12-stories for residential and commercial use.
Conifex Timber Inc., has announced that it will further extend the temporary curtailment of operations at its Mackenzie, British Columbia sawmill for an additional five weeks to July 6, 2020.
Data recently released by the Bureau of Economic Analysis (BEA) is reporting that personal income surged in April to a seasonally adjusted annual rate (SAAR) of $ 20,674 billion.
According to its weekly blog post, the International Monetary Fund (IMF) is warning that key economic indicators may be skewed and perhaps less accurate, in the wake of the COVID-19 pandemic.
According to the latest quarterly report by the National Association of Realtors® (NAR), almost all of the nation’s metro areas experienced price growth and had minimal inventory increases in the first quarter of 2020.