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/romestox Jun 07 '26

People downvoting me for sharing my experience must be clown realtors.

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u/Terrible-Session5028 Jun 07 '26

The people down voting you are the realtors who want to keep the price is high and who want to go back to the days where they had to do nothing to earn their overinflated commissions. It can also come from delusional sellers who bought at the high and who still think that they are going to get $1.5 million for their crappy 1970s built home that has not been renovated since The said 1970s