A first-class piece of writing on real estate by Jim Sutherland in the Globe and Mail’s Report on Business magazine.
Go for the Schadenfreude, stay for the insights.
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Frankly, I think we can classify this under positive spin-offs of a recession. Most of these projects should really never be built, good economy or bad, and hopefully we’ll see some be re-evaluated here. It was a very interesting read, and thanks for the link.
Multifamily inventory is still higher, projects can wait a bit longer