Stages of Housing Development
Once building permits are issued, construction activities may now commence. The CMHC also reports projects under construction at the end of every period.
Projects are classified as under construction once they fall in any of the known construction phases. The stages of development may include (but is not limited to) the following:
- Grading
- Site Preparation
- The Foundation Works
- Building Structural Designs
- Framing
- Roofing
- Window and Door Installation
- System Integration (e.g. Electrical, Plumbing, Water System, Etc.)
Read more here: Housing and Property Market Data Cycle Analysis