How often are Canadians taking out mortgages at present? The mortgage spree that started during the pandemic is alive and well The annual rate of growth in the number of mortgages taken out by Canadians has reached its highest level in several years, per new data from the Canadian Bankers Association. Institutions associated with the [&hellip…
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How did Canada’s residential construction sector fare during the pandemic year? Despite the slowdown during the first few months of the pandemic, on top of challenging lumber and product material prices and shortages, the residential construction industry exhibited an uncommon resilience in 2020 that made it a consistent key driver in the Canadian economy. A [&hellip…
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What falling lumber prices mean for Canada’s housing market Lumber prices continue to tumble after hitting an unprecedented high during the pandemic. For the week ending June 24, five of the six indexes tracked by Vancouver-based Madison’s Lumber Reporter experienced a week-over-week decline. The benchmark price for two-by-four kiln-dried Western spruce-pine-fir fell to US$900 (about [&hellip…
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