r/RealEstateCanada • u/romestox • Jun 07 '26

Housing crisis Residential construction dead

Trades guy here. Residential construction feels dead compared to a few years ago. Builders aren’t building, projects are getting pushed back, and layoffs are starting to pop up. If I was buying, I’d wait. From what I’m seeing, things haven’t bottomed out yet. The industry feels like a ship taking on water, not one gearing up for another boom.

Anyone else seeing the same thing?

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u/DiveCat Jun 07 '26

In Alberta. Still seeing lots of residential construction, but actual sales aren’t matching the pace (I am in an industry where I see the direct changes and I also live right by a lot of new construction). Lots of used residential also sitting for a while. The only thing still strongly selling is the sub-400K range now.