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October 2-3 |
Mortgage borrowing fell in the second quarter (Q2) of 2023 fell to its lowest level since 2020, and to its second-lowest level since 2003. Households borrowed $17.1 billion in funds in Q2, extending the trend of slower borrowing demand seen over the past three quarters. |
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The Bank of Canada (BoC) did not raise interest rates during its September 6, 2023, meeting but has warned it is willing to do so if inflation rears its head. 
During a housing supply crisis and a looming shortage of construction worker, Metro Vancouver has endorsed a plan to promote prefabricated construction of multi-family buildings. CURRENT ISSUE
Drones Top Roofing Tool
Flying eyes can improve safety and give birds-eye view for repairs.
Attack on Demand
Governments are gutting Canada’s housing market by stifling demand and stalling supply.
Market Report: Quebec Steps Up
La belle province has its housing groove back.
Renovator profile:
Design, build and keep the
HAMMERDOWN
Despite government disruptions home builders delivered 200,000 new homes and more than one million jobs in 2017.
TOOL TALK: Renovation
is Outpacing
New Construction
One characteristic of renovation is that contractors are more a jack of all
trades, using a wider variety of tools than new construction workers and
often dabbling in fields that are not their speciality.
COMMON CENTS CONSTRUCTION:
Future-Proofing the Home Building Industry.
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