buildup
Senior Member
Notwithstanding (or is it "withstanding") the RBC, BA, Telus projects I can't help but feel the condo market is way ahead of the commercial market in terms of capacity. Where are all these people going to work? Toronto just dipped to a 5% high grade office vacancy rate! Yet, there are probably around 15- 20 fifty floor condos planned or under development downtown. We are way overdue for 1-2 commercial projects on the scale of 1st Canadian place. So what gives?
If developers are worried about costs, I'd assume that in 2-3 years most of the pre-sold residential work will be tailing off and construction workers should be in greater supply.
Manulife, wtf are you?
If developers are worried about costs, I'd assume that in 2-3 years most of the pre-sold residential work will be tailing off and construction workers should be in greater supply.
Manulife, wtf are you?