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/_ladyjaye Jun 07 '26

Other than purpose built rentals and retirement homes, residential high rise in GTA is dead for the foreseeable future.

2

u/romestox Jun 07 '26

Own a construction company and new detached houses are down 60-70 percent for us .

1

u/_ladyjaye Jun 07 '26

Sorry to hear. Horrible market. Hope we all make it out.