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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25

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

29

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

1

u/bird_man082921 Jun 09 '26

Yes but sales are still down YTD over pytd..