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 2013
Canada’s Residential Construction Industry: Industrial Outlook Summer 2013
Industry Economic Analysis
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- Mortgage Rates—Banks are competing fiercely to maintain their share of the mortgage market. Mortgage rates remain near historical lows.
- CMHC Caps Insurable Loans—CMHC has limited the amount of insurable mortgage available for banks to $85 billion a year. This should lead to an increase in mortgage rates and a stricter approval process for borrowers.
- Input Prices—The strengthening U.S. housing market is reviving demand for lumber and other materials, which drives prices up, even while Canada’s new construction market is declining and house prices are flat.
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