Regina Construction III - Page 459

BrutallyDishonest2 · #**9161** Posted **Apr 9, 2019, 1:07 PM**

Quote:

Originally Posted by Dougler306

Heard from a few people that Daytona Homes is about to Officially pull out of the Regina market, letters to be sent out, if they haven't already to contractors. Any truth to that? DReam next i'm assuming... What a crap shoot housing construction is in this city.

Given that Dream's sister company is the largest development land holder in the city, it would be insane if they left. They'd just probably reduce the size of the company.

Also Dayton has invested a lot into the city including buying commercial land, to see them go would be surprising.

jigglysquishy · #**9162** Posted **Apr 9, 2019, 2:23 PM**

Both have plans for 2020 and 2021 with money and land allocated to those projects

one_brick_at_a_time · #**9163** Posted **Apr 10, 2019, 4:34 AM**

Will anymore hotels be built for the Grey Cup in 2020? (Mainly wondering if any are proposed currently in the Regina area)...

Stormer · #**9164** Posted **Apr 10, 2019, 2:24 PM**

Quote:

Originally Posted by one_brick_at_a_time

Will anymore hotels be built for the Grey Cup in 2020? (Mainly wondering if any are proposed currently in the Regina area)...

There are 2 hotels proposed for Horizons is Westerra and possible for Aurora in the east. Whether they happen depends on the economy.

pappcam · #**9165** Posted **Apr 10, 2019, 6:41 PM**

Quote:

Originally Posted by Stormer

There are 2 hotels proposed for Horizons is Westerra and possible for Aurora in the east. Whether they happen depends on the economy.

So not happening then. Man, Regina is depressing nowadays. It's an economic mess and I unfortunately don't see a quick path out of it. I think the last resource boom was a perfect storm that will never be replicated again. If we can't depend on our resources I'm afraid we'll be stuck in this for the foreseeable future.

I've lived here for 50 years so I'm not making some knee-jerk statement either.

prairieguy · #**9166** Posted **Apr 10, 2019, 7:18 PM**

I don't think it can all be resource related...look at Saskatoon with the River Landing Development of condo, hotel and 2 office towers; Escala condo's, Broadway Bridge Condo's, Condo's at University Bridge, River Quarrie Office development in the downtown.

Now given, Saskatoon has been trailing behind Regina for a number of years, but there is a lot of activity happening now even though the resource sector is stumbling along.

I think Regina is simply built out from all of the major activity in the past years and the city just needs to catch up to the inventory. I hope that will not mean decades, but merely a few years.

I understand your concern, as Saskatoon was pretty much stagnant the last 20 years, except for all the building boom in suburbia.

jigglysquishy · #**9167** Posted **Apr 10, 2019, 7:31 PM**

For all the doom and gloom, we're still growing by over 4500 people a year. Small compared to 2007-2015, but astronomically high compared to 1980-2005.

Edit: we grew by 5735 people last year

Stormer · #**9168** Posted **Apr 10, 2019, 8:44 PM**

Quote:

Originally Posted by djforsberg

The resource boom is never coming back. Demand for oil is going down and it seems potash has hit a wall. Countries are clearing more and more land for their own agriculture. It’s too bad the current government, during the recent boom, didn’t seize the opportunity to invest in the industries of the future. Instead they cut taxes which only allow more short term gains and wealth extraction. Saskatoon for its part is a decent hub for IT but most successful companies end up moving after getting big (ie Skip the Dishes). It’s time we invest in the people of this province and set them up for success in the future knowledge-based economy.

Resource booms are cyclical. Mark my words, prices will come back. Maybe not all at the same time. Ag is the same.

Demand for oil is not down in fact it is at record levels an up considerably from 10 years ago. U.S. production is up by about 50%. That is the main issue.

Festivus · #**9169** Posted **Apr 10, 2019, 10:50 PM**

So apparently the A&W on Vic and Arcola is a pile of rubble. Has anyone heard if it's being rebuilt, or is something else going there?

Stormer · #**9170** Posted **Apr 10, 2019, 11:20 PM**

Quote:

Originally Posted by djforsberg

Demand for our oil I should say. Demand for oil MUST go down and go down considerably in the next 10 or so years or we are all fucked. We might as well get use to it not coming back because even if it does, we will be alone in the celebrations.

I don't think anyone is predicting world demand for oil to go down in the next 10 years, so you may as well start planning for your apocalypse.
https://oilprice.com/Energy/Crude-Oil/Wood-Mackenzie-Global-Peak-Oil-Demand-Expected-In-2036.html

Remember the Canadian Dollar is much lower now than when WTI was over US$100. WTI is CDN$86 right now. Up 50% in 2019.

Stormer · #**9171** Posted **Apr 11, 2019, 12:03 AM**

Quote:

Originally Posted by djforsberg

With all due respect Stormer, screw off. The debate about the consequences of climate change is settled, so enough with your belittling of what is the most pressing issue of our time. People like you who can’t take your oil coated glasses off are the exception. People like me who are still mulling over starting a family are considering climate change above short term economics for our major life decisions because we are already seeing how economies across the world are being negatively effected by climate change. Either Saskatchewan gets on board with the inevitable or we keep betting on a boom that human society depends on not happening.

That's nice. My point is merely that the world will not end in 10 or even 100 years due to climate change. We will adapt. Hopefully there will be significant reductions in GHG emissions that will mitigate the effects, but that is not going to happen for a while. It is more of a long term thing.

Also regarding recent weather events, most major climate reports indicate that there is little or no evidence that climate change is to blame. This includes the IPCC and the report that came out this week from Environment Canada. They do believe that eventually extreme events will be caused by climate change.

NotToScale · #**9172** Posted **Apr 11, 2019, 12:09 AM**

Quote:

Originally Posted by djforsberg

With all due respect Stormer, screw off. The debate about the consequences of climate change is settled, so enough with your belittling of what is the most pressing issue of our time. People like you who can’t take your oil coated glasses off are the exception. People like me who are still mulling over starting a family are considering climate change above short term economics for our major life decisions because we are already seeing how economies across the world are being negatively effected by climate change. Either Saskatchewan gets on board with the inevitable or we keep betting on a boom that human society depends on not happening.

Haven't you heard, having kids is one of the biggest causes of global warming. You probably shouldn't start that family at all.

skphc08 · #**9173** Posted **Apr 11, 2019, 12:45 AM**

Quote:

Originally Posted by pappcam

So not happening then. Man, Regina is depressing nowadays. It's an economic mess and I unfortunately don't see a quick path out of it.

Regina [2.1%] is beating national GDP growth [1.5%]. This is a period of relatively lower national and global growth. We have population growth quarter after quarter and corresponding increases in employment. Things are improving slowly. Probably, there are some sectors that aren't performing well right now, but its not a reflection of entire economy.

1ajs · #**9174** Posted **Apr 11, 2019, 5:56 AM**

now now guys cool it down a little

jigglysquishy · #**9175** Posted **Apr 11, 2019, 2:27 PM**

I think the doom and gloom for Regina is overstated. Population growth is at near record levels.

We got used to mega project after mega project happening all at once. Tower III, Agriculture Place, Mosaic Stadium, new wastewater treatment plant, Bypass, Centre Square, and Gardens on Rose were all happening within a couple year period. It's a scale of growth that is rarely hit in this country.

Since 2006 we've grown by nearly 60,000 people. We're somewhere around 260,000 people in the CMA now. 300,000 will happen sometime in the 2020s.

We're also less tied to oil now than we have been any time since about 1950.

PhotoJim · #**9176** Posted **Apr 11, 2019, 2:50 PM**

Quote:

Originally Posted by pappcam

So not happening then. Man, Regina is depressing nowadays. It's an economic mess and I unfortunately don't see a quick path out of it. I think the last resource boom was a perfect storm that will never be replicated again. If we can't depend on our resources I'm afraid we'll be stuck in this for the foreseeable future.

I've lived here for 50 years so I'm not making some knee-jerk statement either.

You don't remember the late '80s? Shrinking population; city neglecting infrastructure (you might think it is now, but it's actually making positive progress on the infrastructure deficit, just not at a rate that satisfies many). Things could be much, much worse.

Stormer · #**9177** Posted **Apr 11, 2019, 3:06 PM**

Quote:

Originally Posted by PhotoJim

You don't remember the late '80s? Shrinking population; city neglecting infrastructure (you might think it is now, but it's actually making positive progress on the infrastructure deficit, just not at a rate that satisfies many). Things could be much, much worse.

Regina has always had boom bust cycles. Yes the late 80's were a disaster, but even in the early 90's there were almost no new houses and zero multifamily built in Regina.

There were also big recessions in the 1890's, late 1910's, 1930's, 50's, late 60's, mid 70's. This one was mild by comparison.