The Bank of Canada’s decision to hike rates is making it harder for buyers to get mortgages — and builders to afford new projects.
Orange construction cranes pepper the skyline of Metro Vancouver, seemingly more than ever.
Gleaming new condo towers are going up like never before, from North Vancouver to Surrey. House and rental prices are exorbitant. Old houses are being torn down for multi-unit buildings. It all gives the impression the residential construction business is booming.
