Canada’s Residential Construction Industry: Industrial Outlook Winter 2012

This report examines the short-and medium-term economic and profitability outlook for Canada’s Residential Construction Industry.

Document Highlights

• Mortgage Rates—Banks are still offering exceptionally low interest rates. Although increases are expected, rates will remain relatively low for the next 12 to 18 months.
• Unabsorbed Units—A large number of condos and other multiple units have been built but not sold.
• Confidence—Weak consumer confidence in the economy has been exacerbated by disappointing employment numbers in recent months.