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Originally Posted by Monctoncore
What is happening in Moncton, population is booming, high demand for housing of all kinds and yet it’s been dead for months on new announcements for development
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It seems incongruous doesn't it.
There are a number of previously approved projects that are waiting to start, and also a number of projects in active construction. It's not as if things have ground to a halt.
I think there are several large high profile projects ready to be announced (Ashford/Downing Street for one). They are just waiting for all the i's to be dotted and the t's to be crossed. This is a complex process, especially when there are multiple parties involved. I think these large projects are using up all the oxygen behind the scene, explaining all the cryptic rumours of city development officers run off their feet. Meanwhile, smaller developers are holding off on new plans while they wait and see what's happening. There is going to be a serious shortage of tradespeople in the city for the next decade. This will make some developers think twice about starting anything new.