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The Canadian Home Builders' Association (CHBA) is a not-for-profit organization representing residential construction and related industry firms in Canada. It was founded in 1943, following closely the adoption of the National Building Code of Canada in 1941, and today claims a membership of over 9000.
Minto Communities Canada is a home builder in Ottawa, Toronto, and Calgary. It has built 60,000 homes over its history. It builds both low-rise and high-rise housing, and in recent years has been building more luxury rental projects. [11] In 2015, Minto was the largest home builder in Ottawa, with 913 homes built, and 24 percent of the market. [12]
Canadians hold increasing mortgage debt (almost $2 trillion in June 2021, [129] $2.16 trillion residential in 2023 [130]) while unemployment rose and net employment fell in 2024. [131] Short-term fixed-rate mortgages are dominant in Canada, [132] typically with the interest rate locked in for five years. This contrasts with the United States ...
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Ontario [21] 17.20: October 1, 2024 Students under age 18 (working during a school break, summer holidays, or 28 hours or less per week while school is in session): $16.20; Homeworkers (employees who do paid work in their own homes - includes students and supersedes the student wage): $18.90; Expected indexation based on formula: $17.60 on ...
The mortgage-rate buydown, the industry term for discounted mortgage rates, is the most “desired and most effective” incentive offered in the new-home market today, she said.
The Toronto-Dominion Centre in Toronto. The economy of Ontario is diversified.Ontario is the largest economy in Canada, making up around 38% of Canadian GDP. [1] [2] Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. [3]
Quebec's information technology employed over 100,000 workers in 2008. Of the total Canadian venture capital funding 52% is managed in Quebec with 61% of available funds invested in technology. Sectors of note include telecommunications , multimedia software, computer services and consulting, microelectronics and components.