AGP Executive Report
Last update: 10 hours agoCanada Housing Market: CREA says Canadian MLS home sales slipped 0.7% month-over-month in August, with listings up 3.3% and the MLS Home Price Index flat month-over-month but down 3% year-over-year, as higher fixed mortgage rates and inflation worries cool momentum into 2027. Water Infrastructure Costs: Greater Victoria’s new regional water development charge bylaw will hit new builds starting April 2027, with developers paying 35% of a long-term $2-billion water program and water rates projected to rise in 2028—raising the cost of housing. Trade & Tariffs: The U.S. updated tariff lists on Canadian goods, adding items like cheeses and cement while exempting some essentials such as toilet and facial tissues and certain fishing gear—another pressure point for construction and household budgets. Investment Summit Push: Prime Minister Mark Carney’s Canada Investment Summit kicked off with major AI and infrastructure pitches, including Bell’s planned Saskatchewan AI data centre expansion (up to 1.2 GW) and federal support for critical minerals like Generation Mining’s Marathon project. Energy Projects: TC Energy selected a team led by Worley to advance Ontario’s 1,000MW pumped storage project, while Enhance Energy began construction on Alberta’s Origins CCS hub, targeting operations by January 2027. Construction Costs Under Pressure: Winnipeg warns U.S. tariff and counter-tariff impacts could add up to $4.7M to key 2027 construction budgets, including parts of the North End sewage upgrade.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.