Market Watch
ASHB now carries banner for smart connectivity
The Continental Automated Buildings Association will now be known as the Association for Smarter Homes and Buildings (ASHB), with a continued mandate to promote technologies for connectivity and efficient operations.
Smart lighting market poised for bright future
The global market for smart lighting is projected to reach USD $45 billion in sales by 2028, representing a compound annual growth rate of more than 20 per cent over the next five years.
Mercer to acquire Structurlam for $81M
Mercer International in Vancouver is acquiring all the assets of Structurlam and its subsidiaries for $81.1 million.
Global accelerator to advance B.C. cleantech firm
Kelowna-based company chosen for the 2023 cohort of the Imagine H2O accelerator program, gaining access to a worldwide network of business development advisors and potential investors.
Ontario requiring clean and safe washrooms
Ontario is making washrooms on construction sites private, clean and safe, while also requiring women’s-only washrooms.
Flattening commodity prices expected in 2023
According to global construction consultancy firm, Linesight. commodity prices are expected to flatten in 2023.
Economics of stadium and arena projects worsen
Development proponents will likely be asked to contribute more equity and will encounter higher debt servicing costs than has been the case for comparable projects in the past.
U.S. prepares to prohibit non-compete clauses
The U.S. Federal Trade Commission has filed notice that it intends to decree employer-imposed, non-compete conditions are unfair competition.
Denver’s tallest mass timber project breaks ground in 2023
Designed by Tres Birds, Denver’s tallest mass timber building will break ground in 2023. The 12-storey building is named “Return to Form.”
Lucrative tax credits pledged for heat pumps
Canada’s fall economic statement pledges $6.7 billion over five years to support uptake of a range of clean technologies, including solar heating, air-source and ground-source heat pumps and energy storage.
Venture capital offered for smart water tech
Canadian start-ups are invited to take up the global water challenge, a competition to gain access to up to €3 million (CAD $4 million) in venture capital for smart water technologies.
Washington first state to require building electrification
Washington State has become the first U.S. state to incorporate building electrification mandates into statewide energy codes.
Construction job vacancies hit record high
Construction job openings hit an unprecedented high in March with 81,900 vacancies, according to Statistics Canada.
Business case assumptions evolve alongside ESG
Investors and lenders are expected to increasingly focus on the physical and transitional risks of climate change, in turn upending some conventional views of costs and value.
New app connects builders to materials
TOOLBX, a platform that digitizes and expedites the construction material procurement and delivery process, has launched in Vancouver.
Canada is fifth best country for construction workers
Canada ranks fifth in the world as the best country for construction workers to live and work, according to a study by Work Wear Guru.
Rize Alliance introduces new rental property division
Rize Alliance has unveiled Comma Properties, a new division focused on building better rental communities across the Lower Mainland and LA.