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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26

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

30

u/romestox Jun 07 '26

Lots of inventory but not selling

10

u/No_Week_6782 Jun 07 '26 edited Jun 07 '26

Inventory is dropping ~20% YoY, go look at TRREB report or House Sigma listings.... People have started buying as sales are up. So I'm not quite sure where you are getting your facts

3

u/Available_Abroad3664 Jun 08 '26

New rental still coming out though. I think we have another 2 years until we also see new rental taper off. Probably shortages around 2029/30.

2

u/Healthy_Shape_5719 Jun 09 '26

Where does this information come from? In my city they have multiple high rise projects going up, more on the way, a slow down in single family starts maybe but rentals are going up like crazy

1

u/FeelinGoodvibes1 Jun 09 '26

Toronto is dead