Economic impact of new condos

News

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The residential construction industry is a major economic engine in the regional, provincial and federal economy, and is an essential part of the economic strength and prosperity of the GTA. Here’s why:

Each new condominium project creates up to 500 jobs for GTA residents working in construction and related fields. According to the Canadian Home Builders’ Association, the residential construction industry in the GTA created more than 177,500 new jobs just last year, making it one of the largest employers in the region.

These jobs include bricklayers, plumbers and electricians, as well as architects, planners and lawyers.

Next time you find yourself in a waiting room or on a train, take a look around you. It is quite likely that at least one of the people sitting beside you or across from you is employed by the building and development industry.

These are quality, well-paying jobs that in 2013 produced approximately $9.7 billion in wages. These wages later show up as purchases of food, clothing and others goods, which means they are pumped right back into the local economy, supporting other industries and businesses.

Next time you see a construction crane on your way to work, don’t look at it as just a home for 200 families. Think of it as a source of employment for thousands of GTA residents who build our cities and drive our economy.

To celebrate the economic impact of new condominiums, BILD asked our friends at the Toronto Star to put together a short 15-second video. We’d love it if you give it a thumbs up, tweet it out, Facebook it and share across your social network to help spread awareness about the benefits of new development.

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Renovation and Custom Home Awards finalists revealed

NewsRenomark

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It may not feel like it yet, but spring is just around the corner. That means home renovation season is closing in as well, which makes this a perfect time to celebrate the best renovations of 2014. Read More

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Building Futures in York

Events

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The most recent in a series of Building Futures luncheons took place last week when BILD York Chapter hosted a conversation with municipal mayors, staff and officials at The Manor on February 4. Read More

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Educational seminar coming to the GTA Home Show

Events

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Interested in renovating but don’t know where to start? You’re not alone. Read More

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Canadians struggle to afford a new home

News

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A recent column in the Globe and Mail has elevated debate on the effectiveness of “smart growth” policies, highlighting the eroding abilities of millennials to afford a new home in Canada due to rising prices. Read More

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BILD Hall of Fame Inductee: Metrus Development’s Fraser Nelson

News

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Professional engineer and industry titan, Fraser Nelson of Metrus Development, has been inducted into the BILD Hall of Fame.
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BILD recognizes member champions at annual industry gathering

News

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Three BILD members were recognized for their contribution to the industry and association at the annual Chair’s Dinner this week. Read More

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BILD Lifetime Achievement Award for Harold Shipp

News

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Community builder, industry champion and a heartfelt philanthropist, the late Harold G. Shipp was named as the recipient of the prestigious BILD Lifetime Achievement Award at the annual Chair’s Dinner this week. Read More

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BILD members victorious in 13 categories at The Nationals

News

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It’s no secret that new-home buyers in the GTA get to choose from some of the best homes in the world, and our members’ recent performance at The Nationals further reinforces that fact. Read More

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New report outlines challenges to GTA housing market

News

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A recent report released by TD Economics confirmed that the housing market in the GTA is challenged by rising prices, reduced choice and a growing need for new and upgraded essential infrastructure. Read More

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Strong new-home sales fuel job growth

News

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Sales of new homes and condominiums in the GTA reached nearly 40,000 last year, creating thousands of new jobs and paving the way for job retention for years to come. Read More

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