November 25, 2025
Stabilizing costs and cautious lender confidence signal a more sustainable phase for Canada’s development landscape.
Canada’s construction-financing market is stabilizing. As Eric Horie notes in Real Estate News Exchange (RENX), hard-cost volatility has eased, labour availability has improved and lenders can now underwrite with more confidence.
Rental and industrial remain the strongest performers. High-rise condo starts are still limited and regional differences are significant — with Alberta and B.C. showing the most momentum.
It’s a more functional market than it was 18 months ago. The capital that is moving today is backing sponsors with compelling projects and credible demand drivers.
Link to RENX