This presentation will provide quit stats on the residential, industrial and commercial building market for Canada. The presentation will look at building permits, housing starts and average housing prices for Canada

1. Residential,
Industrial and
Commercial
Building
Market –
December 8,
2016
By: PaulYoung, CPA, CGA
Date: December 8, 2016

2. Introduction
This presentation will look at the building trends for residential,
commercial and industrial for Canada

3. Presenter / PaulYoung, CPA, CGA
• 25 years in Corporate Finance
• CPA/CGA since 1996
• Educator for CGA/CPA

4. Agenda
• Housing Starts – November 2016
• Housing prices – Average Housing Prices
• Building Permits – October 2016

5. Housing Starts
• Toronto was responsible for most of the national decline in November 2016
• Starts in Vancouver bounced back strongly in the month of November 2016, and are on pace for the largest
annual tally since at least 1990. Alberta is still holding steady around the 26k mark.While that is down from a
rate of around 40k before oil prices collapsed, underlying demographics should continue to support this level
of homebuilding.
• Quebec and Atlantic Canada both saw activity dip slightly in November 2016
Source - BMO
Source: BMO, Scotiabank and CMHC

6. Housing Prices
Source – Scotiabank
• BC Comment”The number of transactions involving foreign
buyers plunged, from 2,034 deals in the seven-week period
before the tax, to 60 in the four weeks startingAug. 2. "My
hope is that many of those units that would have sold to
foreign buyers, will now be sold to British Columbians," said
Clark. According to the data, in the seven weeks before the
tax was introduced (June 10 to Aug. 1) the total value of all
residential sales involving foreign nationals was $2.3 billion —
an average of $329 million per week.
”http://www.cbc.ca/news/canada/british-columbia/foreign-
buyers-tax-data-1.3772158
• New Mortgage Rules “C anadians applying for a mortgage
that requires CMHC insurance will have to qualify under
higher interest rates under a new “stress test” announced
October 3 by federal finance minister Bill Morneau.The
tougher mortgage rules were announced as part of a wider
series of "preventative measures" aimed at “ensuring the
long-term stability of the market” and reducing risk,
according to Morneau. ” - Source -
http://www.rew.ca/news/feds-strict-new-mortgage-rules-
target-first-time-buyers-and-millennials-1.2357010

7. Building Permits
Source – Stats Canada
Analysis/Comments:
• Economy is growing at
1.2% for 2016.
• Strong retail sales are
leading to more
commercial development
• Automotive and Food
processing are leading
building permits for
industrial