Home Builder Profit Margins Increased In Canada and The US Despite The Narrative

No need to worry about your local home builder’s profit margin — they’re actually rising.  CoConstruct, who provides construction project management software to over 100,000 clients, took a dive into builder margins. Analyzing client data, they found home builder profit margins climbed in Canada and the US. Despite rising material costs, buyers have been willing […]

Canadian Building Permit Values Fell As Housing Demand Softens From Peak

Canadian future building construction intentions tapered as interest rates climbed, shows permit data. Statistics Canada (Stat Can) data shows the value of building permits, a leading indicator, made a small dive in March. Future building plans remain elevated compared to pre-2020. However, residential plans slowed as expected after record building activity. Canadian Building Permit Values […]

Greater Toronto Real Estate Development Files Insolvency After Inflation Squeeze

Canadian real estate developers are being squeezed by inflation, and it’s turning ugly. The Hazleton Development Corporation obtained Companies’ Creditor Arrangement Act (CCAA) protection on April 20, 2022. The developer cited rising costs as one of the primary issues putting a 265-home project at completion risk. In this particular case, costs rose less than typical […]