Quote:
Originally Posted by someone123
It's too bad because the credit issue really isn't based on local economics. Condos have slowed a little in Halifax but not like in some other places.
In a way the city got the worst of both worlds because it didn't get much during the boom times and now credit isn't available.
Really disappointing if Salter is delayed for another year. I wonder if the developer really can't do it now or if they just prefer not to? How much pressure has the WDCL applied?
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How do you think that the hotel (phase 1) is doing?
It really sucks how local economics aren't dictating the availability of credit. You would think that financing would be possible by now, I mean we haven't really been impacted by the recession and Canadian banks are well positioned.
I think this development will be an easy sell... the location is incredible.