Quote:
Originally Posted by King&James
Call me a skeptic, but this flash frost of interest rate increases and flow back to Toronto, will mean that this one will take a long time to get hammers swinging
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I have to agree with you here. I think this one is far along enough that it probably will proceed to construction, but other projects that haven't quite reached this point are likely to stall out. I read an article the other day that over 5000 condo units in Toronto have already been cancelled, due to inflation and rising interest rates.
I'm expecting the next 2 - 3 years to be pretty bumpy for residential construction in general.