Quote:
Originally Posted by jnaygull
In a perfect world, all of those will break ground next year. However, with unstable interest rates, inflation, a thin labour force, and resource shortages, we could end up with none of those coming to pass. We're kinda in a chicken-and-egg situation when it comes to housing shortages and the capital it takes to build housing.
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Yeah the only one proposed or rumored at around today's rates was the Infinity project but even then maybe the developer is banking on those being lower in the near future.
If rates stay the same I don't know if our local developers are well capitalised enough to just go for it but I could be wrong. I'd be pleasantly surprised if even just one of those broke ground next year.
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