TORONTO, May 24, 2022 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today that Hazel Claxton has been appointed as a trustee of Allied (a “Trustee”) by the Trustees. She will hold office as a Trustee until the next annual meeting of unitholders or until her successor is elected or appointed…. [Read More]
Timbercreek Financial Corp. announces normal course issuer bid
TORONTO, May 24, 2022 (GLOBE NEWSWIRE) — Timbercreek Financial Corp. (TSX: TF) (the “Company“) announced today that it has obtained the approval of the Toronto Stock Exchange (the “TSX“) to commence a normal course issuer bid (the “NCIB“) with respect to its common shares (the “Shares“). The NCIB will commence on May 26, 2022 and… [Read More]
Belgard Canada Celebrates Canada Day With a Backyard Giveaway
North America’s Leading Outdoor Living Company Gifts Firepit and Canadian-Made Prize Package to Lucky Homeowners
ATLANTA–(BUSINESS WIRE)–Belgard Canada®, the leader in outdoor living essentials for the patio and beyond, calls on all homeowners to kick off its summer giveaway in honour of Canada Day. Open for entries from May 20 to June 15, homeowners across western Canada can enter to win a Canadian-made Belgard backyard retreat. The prize package consists of a Belgard® Firepit with moon chairs, YETI cooler with tumblers, custom charcuterie board and gifts from local merchants to elevate the outdoor living experience. Eligible homeowners can submit their entry at Belgard.com/CanadaDay for a chance to win the prize.
“Our giveaway is special this year, as the launch of Belgard Canada® is solidifying our footprint throughout the country,” says John Moroz, Director of Sales Operations, Oldcastle APG Canada West. “We are thrilled to see continued growth in the region, while also reflecting on the challenges that past two and half years has been for many families. We are excited to gift a backyard giveaway package to 4 lucky Canadian homeowners this year so they can enjoy the ultimate outdoor retreat.”
To celebrate Canada Day in the great outdoors, Belgard Canada® invites people to nominate a deserving family member, friend, or colleague who could benefit from a backyard upgrade, to enter the giveaway by June 15. For more information, including how enter and to download an outdoor living inspiration guide, visit Belgard.com/CanadaDay. Entries are accepted from residents of British Columbia, Alberta, Saskatchewan and Manitoba.
About Belgard®
Belgard, part of Oldcastle APG, offers a complete collection of paver and wall products for outdoor living spaces, walkways, driveways, parking areas and retaining walls. Available in a range of styles, premium Belgard products have been found in America’s finest homes and award-winning commercial and retail properties since 1995. For more information, visit Belgard.com or call 1-877-Belgard (235-4273).
Oldcastle APG is part of CRH’s Building Products division.
CRH is the leading building materials business in the world, employing c.90,000 people at c.3,700 operating locations in 32 countries. It is the largest building materials business in North America, the largest heavyside materials business in Europe and has a number of strategic positions in the emerging economic regions of Asia and South America. CRH manufactures and supplies a range of integrated building materials, products and innovative solutions which can be found throughout the built environment, from major public infrastructure projects to commercial buildings and residential structures. A Fortune 500 company, CRH is a constituent member of the FTSE 100 index, the EURO STOXX 50 index, the ISEQ 20 and the Dow Jones Sustainability Index (DJSI) Europe. CRH’s American Depositary Shares are listed on the NYSE.
Contacts
Elisa Suri
esuri@trevelinokeller.com
404-214-0722 x 119
Canada Construction Market/Industry Report 2022: An Annual Growth of 6.1% in Real Terms in 2021 with an Expected Annual Average Growth Rate of 2.2% from 2023 to 2026 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Canada Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026” report has been added to ResearchAndMarkets.com’s offering.
The construction industry in Canada registered an annual growth of 6.1% in real terms in 2021, compared to a decline of 2% in 2020
Last year, the industry’s output was supported by an improvement in residential building construction and civil engineering activities, which registered annual growth of 13% and 1.8%, respectively. Additionally, progress in the country’s vaccination drive, an increase in household incomes and a recovery in the global economy also supported the industry’s growth in 2021.
The publisher expects the Canadian construction industry to expand by 4% in real terms this year, as strong building permit data has underpinned strong growth in 2022. According to Statistics Canada, the value of building permits rose by 8.3% in 2021, with the value of residential buildings rising by 9.1% and that of non-residential buildings rising by 6.8% last year.
The industry’s output will be supported by investments in residential, transport, housing and oil and gas projects. In January 2022, the Canadian Association of Petroleum Producers (CAPP) reported that capital spending in the country’s oil and gas sector is expected to rise by 22% and reach CAD32.8 billion ($26.1 billion) in 2022.
However, the rise in construction material prices, labour shortages and the recent hike in interest rates could pose a downside risk to the industry’s outlook in the initial part of the forecast period. According to Statistics Canada, the residential building construction price index rose by 18.1% in 2021, while that of non-residential buildings rose by 6.9% in the same year.
The industry is expected to register an annual average growth of 2.2% from 2023 to 2026, supported by public project growth as longer-term investment plans come to fruition such as the government’s three-year ‘Growth Plan’, which was announced in October 2020. It includes an investment of CAD10 billion ($7.5 billion) on clean energy projects, broadband projects, building retrofitting, agriculture irrigation projects and electric buses and charging infrastructure.
This plan is a part of the government’s wider long-term infrastructure plan known as the ‘Investing in Canada Plan’; it was launched in 2016 and involves an investment of CAD188 billion ($141.8 billion) over a period of 12 years. As of February 2022, over 78,000 projects worth CAD118.5 billion ($95.7 billion) had been approved, with 98% of them completed or underway.
Scope
- Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Canada, featuring details of key growth drivers
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline
- Listings of major projects, in addition to details of leading contractors and consultants
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/niepff
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Timbercreek Financial Declares May 2022 Dividend
TORONTO, May 20, 2022 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on June 15, 2022 to holders of Common Shares of record on May 31, 2022. The Company… [Read More]
Plaza Retail REIT Announces May 2022 Distribution
FREDERICTON, NB, May 20, 2022 /CNW/ – Plaza Retail REIT (“Plaza”) (TSX: PLZ.UN) today announced its May 2022 monthly distribution in the amount of $0.02333 per unit ($0.28 annualized). The May distribution will be payable on June 15, 2022 to unitholders of record as at May 31, 2022. ABOUT PLAZA Plaza is an open-ended… [Read More]
Chartwell Retirement Residences Announces the Election of Directors and Other Voting Results as well as the Appointment of a New Chair and New Committee Compositions
MISSISSAUGA, ON, May 20, 2022 /CNW/ – Chartwell Retirement Residences (“Chartwell”) (TSX: CSH.UN) announced that the nominees listed in the management information circular dated March 31, 2022 were elected as trustees of Chartwell, trustees of CSH Trust, and directors of Chartwell Master Care Corporation. The detailed results of the vote (i) for the election of… [Read More]
PROREIT ANNOUNCES MAY 2022 DISTRIBUTION
MONTREAL, May 20, 2022 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) announced today that a cash distribution of $0.0375 per trust unit of the REIT for the month of May 2022 will be payable on June 15, 2022 to unitholders of record as at May 31, 2022. About PROREIT PROREIT… [Read More]
Dream Industrial REIT Announces May 2022 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its May 2022 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The May distribution will be payable on June 15, 2022 to unitholders of record as at May 31, 2022.
Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at March 31, 2022, Dream Industrial REIT owns, manages and operates a portfolio of 244 industrial assets (358 buildings) comprising approximately 44.4 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit our website at www.dreamindustrialreit.ca.
Contacts
Dream Industrial REIT
Brian Pauls
Chief Executive Officer
(416) 365-2365
bpauls@dream.ca
Lenis Quan
Chief Financial Officer
(416) 365-2353
lquan@dream.ca
Alexander Sannikov
Chief Operating Officer
(416) 365-4106
asannikov@dream.ca
Dream Office REIT May 2022 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its May 2022 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The May distribution will be payable on June 15, 2022 to unitholders of record as at May 31, 2022.
Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.
Contacts
Michael J. Cooper
Chairman and Chief Executive Officer
(416) 365-5145
mcooper@dream.ca
Jay Jiang
Chief Financial Officer
(416) 365-6638
jjiang@dream.ca
Dream Impact Trust Announces May 2022 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) today announced its May 2022 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The May distribution will be payable on June 15, 2022 to unitholders of record as at May 31, 2022.
About Dream Impact Trust
Dream Impact Trust is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.
Contacts
DREAM IMPACT TRUST
Meaghan Peloso
Chief Financial Officer
(416) 365-6322
mpeloso@dream.ca
Kimberly Lefever
Director, Investor Relations
(416) 365-6339
klefever@dream.ca
CAPREIT Announces May 2022 Distribution and Amendment to DRIP
TORONTO, May 19, 2022 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its May 2022 monthly distribution in the amount of $0.12083 per Unit (or $1.45 on an annualized basis). The May distribution will be payable on June 15, 2022 to Unitholders of record on May 31,… [Read More]
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