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Canada’s Residential Construction Industry: Industrial Outlook Winter 2013

The Conference Board of Canada, 8 pages, March 19, 2013
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This report examines the short-and medium-term economic and profitability outlook for Canada’s Residential Construction Industry.

Document Highlights

  • 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 weaker sales.

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