Industry Lens: Residential Construction—July 2024

Industry Lens: Residential Construction—July 2024

Industry Sector Economics
12 min read

Author: Kiefer Van Mulligen, Robin Wiebe


This report examines the short- and medium-term economic and profitability outlook for Canada’s residential construction industry.

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Canada’s residential construction industry faces many hurdles in meeting the present challenges in the housing market. This briefing addresses the role innovation and industry consolidation can play as well as government efforts to spur the industry on.

Canada’s residential construction industry is in the enviable position of being in a market with growing demand and limited supply, but it also faces critical challenges. What are the drivers of the present high demand for housing? What hurdles must the construction industry overcome if it is to close the growing gap between demand and supply, especially the need for affordable housing? What role will innovation and consolidation play in a low-productivity industry? And will government incentives be sufficient to spur the industry on and close this gap?

Read the industry lens to get the full analysis.

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