Canada's construction news
The biggest challenge to getting rental housing projects built today is the math. It simply doesn’t work.
“There’s no sales and the condo market needs 70-plus per cent presales to start construction…When that comes back, I don’t know. How it comes back, I’m not sure.” In the rental market, there are a lot of condos that have delivered in the last 12 months, he pointed out. “They’re very expensive and it’s a big needle mover,” Pacht said. “Municipalities need development charges to fund various growth elements and they need property taxes to cover the costs of running a city. So I think there is a practical reality that it’s going to require co-ordination across all three levels of government.”
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Here's a list of September inflation rates for selected Canadian citiesOTTAWA — Canada's annual inflation rate was 1.6 per cent in September, Statistics Canada says.
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Here's a list of September inflation rates for selected Canadian citiesOTTAWA — Canada's annual inflation rate was 1.6 per cent in September, Statistics Canada says.
Read more »
Here's a list of September inflation rates for selected Canadian citiesOTTAWA — Canada's annual inflation rate was 1.6 per cent in September, Statistics Canada says.
Read more »