Quote:
Originally Posted by halifaxboyns
Like I mentioned in one of the other threads, the beltline here in Calgary had a bunch of projects announce they were coming off the shelf and then they ran into financing problems.
I suspect this might be the same thing - from what I'm hearing, lenders are now tripple checking things to make sure that loans they guarenteed are worth it (and in some cases making developers start the process all over again). I don't know if the last part is the case out here, but I've heard that happened to a couple developers here in Calgary.
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This is global, has been since 2008. International finance markets are weak and lack confidence, making it harder and harder to build...
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