Canada’s Residential and Commercial Construction Forecasts — Summer 2008
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The outlooks for the residential and commercial construction markets in Canada are summarized in this report from CanaData, a product line of Reed Construction Data. Residential activity levels are measured and forecast in terms of housing starts (in number of units). Commercial work is assessed according to the square footage of starts. Both categories of construction are showing signs of moderating, in line with the overall softening in the Canadian economy that is underway.