Canada: Residential construction on track for another record year - NBF

Krishen Rangasamy, Research Analyst at NBF, suggests that Canada’s residential construction is on track for another record year as at least that’s the message from CMHC whose data shows urban housing starts averaging a massive 204K at seasonally adjusted annual rates in the first half of 2018.

Key Quotes

“Multiple units (e.g. condos) now account for more than 70% of urban starts, with builders seemingly responding to land constraints and demand for affordable housing.”

“Changing demographics also seem to be a factor in the trend towards the construction of multis. In Quebec for instance multis now account for 86% of urban starts, with construction tilting towards rental units which include housing for seniors.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.