Canada’s Residential Construction Industry: Industrial Outlook Winter 2013
The Conference Board of Canada, 8 pages
March 19, 2013
This report examines the short-and medium-term economic and profitability outlook for Canada’s Residential Construction Industry.
- Mortgage Rules—Last year’s regulatory changes on mortgage conditions are slowing buying intentions, especially among first-time buyers.
- Uncompleted Work—The number of condo units under construction has increased, but completed work is lagging. This suggests that developers may be having difficulties pre-selling their units.
- Stable Prices—Home prices have remained firm so far, despite