The Canadian Industrial Outlook Service includes detailed five-year forecasts in 16 key Canadian industries. The report examines the short- and medium-term economic and profitability outlooks for these industries.
Canada’s Residential Construction Industry: Industrial Outlook Summer 2008
Canada’s Residential Construction Industry: Industrial Outlook Summer 2008
Industry Economic Analysis
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- Real Wages—The dual impact of a weaker economy and increasing inflation will slow real wage growth for the average Canadian over the medium term, resulting in decreased demand for new housing.
- Labour and Material Costs—Reduced building activity, falling lumber prices, and slowing metal prices will help ease labour and material cost pressures, boosting profit margins.
- Housing Starts—Significant contractions in housing starts in the Western provinces—key drivers of the recent boom in Canadian residential construction—will pull down overall national housing starts this year, bringing the industry’s revenue growth to a halt over the short term.
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