Plenty of Risks Lurk
Residential markets are strained from a worrisome international economic outlook, consumer stress, unfavourable demographics, an oversupply of homes, and alarmed homebuilders. The U.S.–Iran war also poses unforeseeable risks.
Lower immigration targets have cut Canada’s population growth. What does this mean for the labour supply, housing demand, and the construction industry? Inconsistent U.S. policymaking has put a strain on trade, employment and consumer confidence. Will these factors continue to be a drag on the economy this year?
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