Markets Housing: Tuesday Morning and Construction Industry

markets housing: Scroll down to read through the full report, including information on other markets, according to CTV. Housing starts Senior analysts Braden Batch and Eric Bond wrote that housing starts in B.C.'s most populous city are expected to contract significantly in the immediate future. The latest outlook, released Tuesday morning, looks at the impacts of the COVID-19 pandemic so far, and estimates when things may return to normal. While B.C.'s approach to the novel coronavirus pandemic has allowed for construction, new builds will be challenged by reduced migration from Canada and abroad, the Vancouver market forecast says. Prior to the pandemic, the report says, the construction industry had been operating at or near capacity. Additional factors impacting housing starts are increased unemployment and uncertainty regarding long-term economic impacts of COVID-19. (www.immigrantscanada.com). As reported in the news.