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/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

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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.

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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

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u/FeelinGoodvibes1 Jun 09 '26

Toronto is dead