How is the health of the residential sector in Canada described?

The residential sector in Canada is described as robust and heating up due to several key factors influencing the market. There has been a significant demand for housing, driven by a growing population, low interest rates, and a strong economy that supports homebuying activity. Additionally, high levels of immigration and urbanization contribute to the increasing demand for residential properties, as people seek housing in urban centers.

Moreover, the government policies aimed at stimulating housing construction and investment in residential real estate further bolster this sector. A robust residential sector generally indicates rising home prices and significant sales activity, suggesting confidence among both buyers and investors in the market's potential for continued growth.

While other possible descriptions highlight various challenges or stability, they do not capture the vibrant dynamics and upward momentum observed in today’s Canadian residential real estate market. Hence, calling it "robust and heating up" accurately reflects the positive trajectory that the sector is experiencing.