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 Winter 2015
Canada’s Residential Construction Industry: Industrial Outlook Winter 2015
Industry Economic Analysis
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- Mortgage Rates—The Bank of Canada’s interest rate cut in January caused major banks to lower their mortgage rates again.
- Uncompleted Condos—The number of condos under construction but not completed continued to rise in 2014, while starts and completions stagnated. This suggests builders are delaying delivery of the new units.
- Labour Market—The Canadian economy added only 110,000 jobs last year, the second smallest increase in more than 20 years, after only the recession year of 2009.
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