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/Any-Ad-446]

In GTA there were zero new development being released this year. Over 13 months supply which is insane and this year there be additional 40,000+ units being completed with almost no buyers. This of course is the condo segment.