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 2014
Canada’s Residential Construction Industry: Industrial Outlook Winter 2014
Industry Economic Analysis
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- Mortgage Rates—Mortgage rates remain near historical lows, which continue to be an important incentive for potential homebuyers.
- Consumer Debt—While low interest rates are keeping the cost of borrowing low, consumers have ramped up their debt to record levels. With households becoming more careful about increasing their borrowing, the housing market will face cooling demand.
- Weakening Demand—New housing starts are down, the resale market is slowing, and spending on renovations is weakening as well, all signals that demand for residential construction services is weakening.
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