Residential construction underway on Wild Rose Drive.
BRANDON HARDER / Regina Leader-Post
Regina’s residential construction industry is experiencing a heavy downturn, with this year’s housing starts on track to be the lowest in 11 years.
A new report from the Regina and Region Home Builders’ Association has put most of the blame on mortgage stress testing rules, which it said is raising the barrier to home ownership. The association estimates home ownership in the city has now sunk to 66 per cent, the lowest since 1996.
There were 111 residential building permits issued in the Regina region in the first quarter of 2019, […] Read more