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 2012
Canada’s Residential Construction Industry: Industrial Outlook Summer 2012
Industry Economic Analysis
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- Policy Change—Tighter mortgages rules introduced by the federal government will leave some potential home buyers ineligible for a mortgage and raise monthly payments for others.
- Mortgage Rates—Although interest rates are forecast to start rising in the second quarter of 2013, banks are still offering exceptionally low mortgage rates.
- Unabsorbed Units—Inventory of completed but unoccupied condos and other multiple units is still high and will likely remain elevated in the near term, as many high-rise construction projects are still under way.
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