New home construction 'pretty dead' in Windsor area; blame trade war
Fear caused by Canada’s trade war with the U.S. has sucked the life out of the area’s home construction industry, according to the latest data.
“It’s pretty dead,” Windsor Essex Home Builders’ Association president Brent Klundert told the Star.
There’s still a housing crisis, and interest rates are just over half of what they were a year ago, while housing prices are nearly three per cent lower.
But there’s not much home-building going on to address the need or take advantage of lower costs for purchasers.
Last month saw only 64 home starts in the Windsor area, which was barely more than half of the 117 starts seen in May 2024, according to the Canada Mortgage and Housing Corporation (CMHC).