Canada’s Residential Construction Industry: Industrial Outlook Winter 2015

The Conference Board of Canada, 12 pages, March 26, 2015
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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 Rates—The Bank of Canada’s interest rate cut in January caused major banks to lower their mortgage rates again.
  • Uncompleted Condos—The number of condos under construction but not completed continued to rise in 2014, while starts and completions stagnated. This suggests builders are delaying delivery of the new units.
  • Labour Market—The Canadian economy added only 110,000 jobs last year, the second smallest increase in more than 20 years, after only the recession year of 2009.

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