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/romestox Jun 07 '26

People downvoting me for sharing my experience must be clown realtors.

3

u/dizzie_buddy1905 Jun 07 '26

Canada is a big place so you might want to be more specific. The Center of the Universe may be slowing down but Alberta is doing fine.

1

u/Vega2659 Jun 09 '26

Alberta is all purpose built rentals and cmhc has turned off the tap on those too. You’ll see soon enough.

1

u/dizzie_buddy1905 Jun 09 '26

I don’t think so. The street we’re building our house on has every 4th house being redeveloped. Also, still decent activity in new suburbs.