Quote:
Originally Posted by kool maudit
We are in the late part of the economic cycle and valuations are stretched across the board, not least due to central bank easing.
Some sort of downturn/recession is a near-certainty in 2019/20, and the above factor means that the pullback in asset prices could be severe.
As such, which projects do you see as being at risk of not going up?
I am concerned by:
Commerce Court 3
Pinnacle One Yonge (the taller ones)
and that Montreal QdS twin-tower thing.
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I can do without CC3, but I sure hope your conjecture about One Yonge is wrong. I think the remaining towers have a good chance, given that the first is well under way.
Mirvish-Gehry, now that one is a joke. I'd actually be more surprised if it
is built. It was approved years ago, but these guys can't seem to get their shit together.