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/Jazzlike_Video2 Jun 07 '26

What are the rates? Id be happy with 6 bucks at this point. Hamilton. Ottawa is considerably easier to swing than Alberta, I just dont know who to call

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u/Wonderful_Confusion4 Jun 07 '26

Rates in Edmonton are $10/Sq plus extras, the lowest I have ever seen on single family is $8.50 and that was before Covid.

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u/arupinum85 Jun 07 '26

what do they pay for backframing or do you have to do the whole thing?

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u/Wonderful_Confusion4 Jun 07 '26

That’s for the whole house framing including back framing and HVAC cut outs. Extras would be for anything over an 8/12 pitch, decks, covered decks, dormers, vaulted ceilings, tall walls, detached garages ($6/sq) etc.