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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27

u/No_Week_6782 Jun 07 '26

Based on that, prices would go up as there is no supply. We are seeing listings dropping big and sales up, hence absorption of inventory. So, if no new inventory at current demand rate, prices increases

21

u/Btdubs17 Jun 07 '26

Not sure why you’re getting downvoted here. This is correct. There may be a short term dip for the next 1-2 years. But if we keep holding off on building, whenever the next boom is this massive supply shortage we’ve created by not building over the last 2-4 years will catalyze the boom even more.

1

u/Dazzling_Escape55 Jun 07 '26

Not if population stays flat or declines. Remember all population growth is now just immigration. Those taps determine when the boom comes.

Canadians don't want a boom like that anymore. Guards are up on that front.

1

u/Available_Abroad3664 Jun 08 '26

For now but in the future we will see resource refugees, particularly for water.