The Canadian Industrial Outlook Service includes detailed five-year forecasts in 16 key Canadian industries. This report examines the short-and medium-term economic and profitability outlook for Canada’s Residential Construction Industry.
Canada’s Residential Construction Industry: Industrial Outlook Summer 2009
Canada’s Residential Construction Industry: Industrial Outlook Summer 2009
Industry Economic Analysis
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- Employment—Significant employment losses will pull down disposable income and postpone residential construction intentions.
- Renovation—Despite their popularity, federal budget measures have had limited effectiveness in halting the decline in home renovation expenditures.
- No inflation—Low inflation and interest rates encourage homebuyers, giving a much-needed hand to an industry severely shaken by the recession.
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