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Originally Posted by Harley613
Well the dark days continue for us building and development lovers. As of today virtually all construction is coming to a standstill for the time being and the airport hotel is kiboshed indefinitely. I am really worried about Trinity Station ever seeing the light of day after this.
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I think the chances of that project being built anytime soon were fairly low to begin with considering the lawsuit with Melnyk and the limited experience Trinity has with high-rise, and in this case skyscraper, construction.
This does suck for us enthusiasts. The airport will take a while to recover. World traveling will see a significant drop. I am worried that transit ridership might drop as well, and maybe even an uptick of suburban development out of fear of human contact. Possibly a drop in office demand now that this pandemic has proven that working remotely is very much doable for many jobs.
On the other hand, the Feds might step back from Office 2.0 and 3.0 to promote physical distancing in everyday life. I could also see more manufacturing moving back to Canada now that we see how hard it is to maintain supplies when they come from outside the country in times such as these (and the U.S. becoming a pirate state). More manufacturing here also means stronger environmental standards than China and third world markets currently producing the bulk of products.
Rental towers will likely continue to go up at a similar pace to what we've seen over the last few years; with economic uncertainty, people might want to rent instead of buy.