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Last month, the Canadians increased the number of laying foundations

11 April 2019

Last month, the Canadians increased the number of laying foundations

The construction industry in Canada began to increase its activity, correcting its own downward movement two months earlier. The trend of construction of residential houses for single people and families increased by 17.6 %, reaching 178,033 units instead of the expected 166,290. This justifies the forecasts of analysts, who had anticipated this development in March, reviewing his views about the fall annual rate.

 

However, the demand for multifamily buildings in Central cities declined slightly, because of the unstable economic conditions of the market. This happened even in spite of the favourable to active investment mortgage loans, which still have high rates and are moderately popular with investors, which expanded the General idea of the near future in this direction.

 

Thus, so far, the situation remains fragile, however, even she could benefit as the difference between the expected and the actual result proved to be quite significant in a positive way. While that is going up trend leaves a positive impact, but clearly warrant further development in this direction is impossible.