Epic Investment Services have unveiled their ambitious $45 million redevelopment project aimed at revolutionizing Edmonton’s iconic 36-storey Manulife Place. Beyond a simple architectural facelift, this venture is set to modernize the structure and open up exciting opportunities for local economy and businesses. With this substantial development, the building will be equipped with modern, fashion-forward retail spaces and improved amenities, pushing Edmonton forward in its mission towards urban rejuvenation.

Canadian engineers are leading the way in using augmented reality (AR) and virtual reality (VR) to extend the lifespan of important infrastructure. Engineers at the University of Waterloo have developed a ‘Smart Infrastructure’ system that uses AR and VR to provide an immersive understanding of construction projects, helping strategize structural plans and anticipate potential challenges. This cutting-edge technology is anticipated to revolutionize the construction and real estate industries and can potentially upgrade the global infrastructure landscape.

As the effects of climate change become intense, Canadians need to brace themselves for a surge in home insurance rates. This rise in premiums stems from an increase in extreme weather events coupled with the skyrocketing cost of residential building constructions due to labour shortages in the construction industry. Learn about the intertwined dynamics of weather patterns, building costs and insurance premiums, and explore ways homeowners can proactively manage this looming financial challenge. The broader perspective towards these issues would help us make better decisions regarding our environment, economy, and living conditions.

The construction industry is witnessing a significant milestone – a stabilization in cost inflation reflected in RLB’s latest Quarterly Cost Report. This development promises reduced risk of cost overruns, offering a favorable environment for investors and consumers alike. However, it also signals a need for construction firms to incorporate effective cost management strategies while keeping an eye on other influential factors, from material costs to regulatory measures. This blog post provides a detailed analysis of the report’s findings, their implications, and the resulting industry trends.

Industribladet, popular for providing invaluable industry details to Nordic businesses, is expanding to cater to industry professionals in the European Union as well. This move aims at delivering their expertise in addressing challenges and leveraging growth opportunities in sectors like manufacturing and construction. The expansion holds promising implications especially for the construction sector, which is constantly in need of innovative and streamlined solutions. As it marks its foray into broader landscapes, Industribladet solidifies the fact that staying in touch with industry trends is imperative for sustainable business growth. This can prove revolutionary for industrial insights and pave the way for collaborations and innovations to follow.

Hawkins\Brown, a renowned architectural company, celebrated a record-breaking turnover of £35.3 million, for the fiscal year ending 31st March 2024. Yet, the celebration was dampened by a troubling dive in the company’s pre-tax profits. This blog analyses this economic dichotomy, examining how turnover and profits can present conflicting narratives about a company’s financial health. It delves into industry trends, external factors, and suggests adaptive strategies. Join this intriguing discussion and help us unravel the financial complexities in the construction and real estate sector.