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 2011
Canada’s Residential Construction Industry: Industrial Outlook Winter 2011
Industry Economic Analysis
$1,275.00
- Policy Changes—A further tightening of mortgage lending standards will restrain growth in residential construction spending this year.
- Interest Rates—Although the Bank of Canada has temporarily moved to the sidelines, further rate increases are expected, starting in the second half of this year. Higher mortgage rates and reduced affordability will be the result.
- Job Creation—Canada will continue to create jobs this year, but at a slower pace. The resulting weaker income growth will prevent a significant rebound in residential construction spending.
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