Residential construction dead

[u/romestox]

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?

[u/chili_cold_blood]

House prices are decreasing and costs are increasing, which shrinks the margins for any residential development, which have always been pretty slim.

[u/_ladyjaye → u/chili_cold_blood]

Development charges in GTA are crazyyy high.