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Why we may soon be building ten-story buildings out of wood

By News, Public

The Obama administration — more specifically, its Department of Agriculture, headed by Tom Vilsack — has a surprising idea about the future of large building construction.

For environmental purposes but also to potentially stoke a new industry, it wants the United States to explore constructing really big buildings — 10 stories or more — out of wood. Accordingly, the Department backed the U.S. Tall Wood Building Prize Competition, in conjunction with the Softwood Lumber Board and Binational Softwood Lumber Council. And now two winning buildings, whose selection will be announced Thursday, will receive $1.5 million apiece to try to move toward  actual construction.

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This Is When Toronto, Vancouver Housing Markets Will Come Down, According To TD Bank

By News, Public

In Toronto and Vancouver’s hot housing markets, affordability is “becoming a growing challenge for many individuals and families,” Royal LePage noted in a new report.

Buying any type of residential property in Greater Toronto is 11.9 per cent more expensive today than it was a year ago, the realtor said in a survey released Wednesday. In Greater Vancouver, residential real estate is up 12.9 per cent in a year, to an average of $928,532.

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