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Residential Construction Industry Outlook

How Changes in the Economy Affect Small and Medium-Sized Homebuilders
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The state of the homebuilding industry signals trends in consumer spending, labour, and banking, and indicates much about the pace of economic recovery.

Discover five economic drivers to watch:

Uncertainty–Market volatility may cause Canadians to halt spending on homes.

Immigration–Closed borders could slow workforce growth and trigger a lag in homebuilding years from now.

Employment–1.3 million Canadians have lost and not recovered their jobs.

Income–An anticipated 7.1% year-over-year wage drop means less spending money for Canadians.

Mortgage rates–Record low mortgage rates are countered by new rules on high-ratio mortgages.

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Residential construction industry outlook
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