Quote:
Originally Posted by rofina
Thank you for the detailed reply.
Will be interested to see how close they come to reality - it seems that 2020 might surprise to the downside, there has been very few project launches for anything more than a 4 story with 60 units.
If the market continues to recover I can see that changing by 2021, but time will tell.
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You're welcome, and I agree that this year they might well be wise to anticipate a lower level of starts, although there are some big projects underway that might keep the numbers up. The level of pre-sales in 2019 in Metro Vancouver was way down though, so unless there are a lot of projects launched and successfully sold over the next few months, I suspect that the 2021 starts are the most likely to take a hit.
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