Construction Defect Journal Archives

Canadian Homebuilders Are Actually Having a Breakout Year

October 19, 2017
Theophilos Argitis - Bloomberg

For Canada’s real estate developers, 2017 is shaping up to be a comeback year.

Builders are on pace to start work on more than 215,000 new homes. That would be the most since 2007, and a rebound after four straight years below 200,000.

The strength isn’t confined to Toronto. Advances are broad-based, including sharp rebounds in the Prairies and Quebec and elevated levels in British Columbia, in addition to residential construction in Ontario that’s on pace for its best year since 2004.



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