Skip to main content

Housing investment cycle may have peaked

The surge in housing starts, driven entirely by hi-rise condominium construction despite already high inventory, is now glaring evidence of overbuilding. Anecdotal evidence, meanwhile, points to plummeting home sales, suggesting that buyers' expectations are becoming increasingly cautious. Although multi-unit projects currently underway might sustain construction activity over the near-term, the likelihood that future sales demand will sustain this strength seems to be falling by the wayside.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access