CBC News covered UDI’s decision to cancel the 2026 Awards for Excellence amid one of the worst housing markets in decades.
Projects are stalled, investment is constrained, and the impacts are spreading across the industy.
Read more: https://t.co/fiDo3Aiccu
#bchousing
@CBCNews covered UDI’s decision to cancel the 2026 Awards for Excellence amid one of the worst housing markets in decades.
Projects are stalled, investment is constrained & the impacts are spreading across the industry.
Read more: https://t.co/fiDo3Aiccu
Prime Minister Mark Carney was in Vancouver Thursday to announce new housing and transit measures with Premier David Eby. Ottawa is putting $3.2B over 10 years toward lowering development charges for multi-unit housing, with B.C. expected to match it.
@CBCNews covered UDI’s decision to cancel the 2026 Awards for Excellence amid one of the worst housing markets in years.
Projects are stalled, investment is constrained & the impacts are spreading across construction, trades, suppliers & workers
Read more: https://t.co/fiDo3Aiccu
Today’s Canada-BC housing deal includes up to $3.2B for DCC relief and housing infrastructure.
These costs affect whether projects move forward.
Key gap: no broader GST relief for new home buyers.
UDI will keep pushing for measures that improve viability and get homes built.
UDI’s VP & Sr. Policy Advisor, Jeff Fisher, looks at how years of Building Code changes, policy requirements, and overlapping government mandates are adding cost, complexity, and uncertainty to housing delivery in BC. Read the full article here: https://t.co/vYgeo6Zwhz 2/2
Canada’s housing crisis is no longer just a land cost issue, a financing issue, or an approvals issue. Increasingly, it is also becoming a Building Code issue. 1/2
The Awards program will return when conditions warrant. We will keep members informed as we assess timing. Thank you for your continued support during a genuinely difficult period for the industry. 3/3
UDI will not be holding the Awards for Excellence in 2026. We are in one of the worst housing markets in decades. Projects are stalled, investment is constrained & job losses are spreading. A recognition event would be out of step w/the realities our members are facing. 1/3
Our board has also directed staff to concentrate our efforts on advocacy, where the need is greatest. That means a focus on development cost charges, permitting reform & the broader cost of delivery crisis that is making new housing increasingly unviable across BC. 2/3
Thank you to the @udibc for having Habitat for Humanity Victoria at your golf tournament! We loved sharing how Team Build Days help organizations strengthen team connection while directly supporting affordable homeownership in our community.
#HabitatVictoria
NEW (1/2) - The UDI, BC Business Council, BCREA, ICBA, LandlordBC, HAVAN, BC Construction Assoc. and CanadianHome Builders have sent a joint letter to Minister Boyle demanding GST rebate parity with Ontario. 7 weeks of silence and they've had enough. #bcpoli#cdnpoli#vanre
On June 9, join us for a virtual luncheon w/Benjamin Tal. Get a breakdown of what’s shaping the market & what it means for development decisions. We’ll cover interest rates, capital flows, demand trends, timing & risk in this environment. Register: https://t.co/sWYSLix6Tb
Under his leadership, UDI has strengthened its advocacy efforts and public voice on housing and economic policy issues across the province. Please join us in congratulating Michael on his appointment. 2/2
We are pleased to announce that @Mike_Drummond has been appointed CEO of @udibc. He previously served as Executive Vice President before stepping into the Interim CEO role during one of the most critical periods in B.C.’s housing sector. 1/2
The HCA needs modernization, but reforms tied to housing, infrastructure & resource development cannot move forward without industry confidence in the process.
When multiple sectors raise concerns about transparency, timing & consultation, govt should pause & reset.
This is not a typical market cycle. Join us on May 21 for Finance Forum: Navigating the Market Reset. See what’s getting financed, where deals are stalling, & how risk, returns & strategy are shifting. Speakers from @shape_group@wesgroup@RBC https://t.co/2BLohdIwdR
“Uncertainty is the enemy of investment, and right now B.C. is manufacturing it," says @udibc's Mike Drummond.
"This was not a serious or good faith engagement effort," says Chris Gardner from @icbabc
Good overview of latest on BC's Heritage Act by @iamkennethchan
🎙️ ECABC Conference & AGM Speaker Showcase
Introducing the third panelist for our Construction Insights Panel, @Mike_Drummond, Interim President and CEO of the @udibc.
This panel will bring their insights into the current and future state of the construction industry, including what factors and policies are influencing their sectors. Michael will bring an important perspective on the challenges facing the development industry, with a focus on what's happening with residential construction.
Join us for ECABC's flagship event to strengthen the operational, legal, strategic, and technological resilience of your company.
Registration closes on May 22! Don't miss out and reserve your spot! https://t.co/znp0DAezel