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Old Posted May 3, 2023, 6:59 PM
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Join Date: Mar 2006
Location: White Rock BC
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Quote:
Originally Posted by LightingGuy View Post
Canadian Business Insolvencies Rip Higher, Not Even Real Estate Is Immune

https://betterdwelling.com/canadian-...ate-is-immune/
Not really surprising. As mortgage/rent payments continually rise leaving people with less discretionary income, it's natural that the retail/restaurant sector is being hit hard combined with Amazon and food delivery. This combined with not being able to find enough workers due to their relatively low wages and/or not being able to offer enough hours for their workers to live on.

Construction is not a surprise either as developers have cut back on housing construction in order to keep supply low and hence prices high. Also there are so many construction workers retiring and few to take their place. This is a direct result of poor government and educational policy where decades of telling young people that the only way they will become successful, both financially and socially, is to have a degree is coming home to roost.
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