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 2010
Canada’s Residential Construction Industry: Industrial Outlook Winter 2010
Industry Economic Analysis
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- Government Intervention—The end of the home renovation tax credit and a recent tightening of lending rules for residential mortgages will detract from industry growth this year.
- Interest Rates—Mortgage rates remain extraordinarily low, but they are expected to begin rising later this year, reducing housing affordability.
- Job Market—Improved job creation and income growth is supporting the ability and willingness of consumers to buy new homes and to spend on renovations.
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