Residential Housing Starts Contribution to Canada’s Economy
Housing starts contribute a great deal to Canada’s economy and have been stagnate for many years even though we bring in between 250,000 and 300,000 immigrants per year.
Now take a look at today, 40 years later, Housing Starts, on a good day, are running at 210,000 units with a population of 38,000,000, and a Mortgage Interest Rate of approximately 2%.
We should have building starts in the neighborhood of 375,000 Building starts. Think of what this would do for employment and the growth of the economy.
Don’t forget, Building Construction adds not only construction jobs, but manufacturing jobs like appliances, and furniture, lighting and electrical products, carpets, and flooring, roofing, all the components that go into a home.
We have let Government run amuck!! Think of what building an additional 165,000 homes could do for our economy, and the affordability of housing?
The Industries that will create the most Growth the Fastest are as follows:
- Pipelines, both Oil and LNG, and Mining, or Natural Resource Industries, provide Value.
- Manufacturing, reduce their Taxes so they can Compete in the world, Government receives Income Tax and HST Tax from the Employees and Jobs Created.
- Construction, both Residential and Commercial.
- Other industries, as listed above support and complement these industries
