Canada’s Residential Construction Industry: Industrial Outlook Summer 2016
The Conference Board of Canada, 12 pages
October 5, 2016
This report examines the short-and medium-term economic and profitability outlook for Canada’s Residential Construction Industry.
- Housing Starts—Weaker housing starts at the beginning of 2016 have hurt the short-term outlook for the industry, especially for multi-unit housing.
- Credit Conditions—Mortgage rates remain at all-time lows, encouraging Canadians to spend on housing.
- Housing Formation—Despite an aging population, housing formations in Canada are expected to increase through 2035, supporting demand for residential construction.