Bibliographische Detailangaben
| Titel: |
ON THE EDGE OF DISASTER. |
| Autoren: |
Shaw, Rob (AUTHOR) |
| Quelle: |
BC Business. Oct2025, Vol. 53 Issue 7, p28-34. 7p. 9 Color Photographs. |
| Schlagwörter: |
*HOUSING development, *ECONOMIC impact, *HOUSING, *METROPOLITAN areas, *INVENTORIES, INTERVENTION (Federal government) |
| Geografische Kategorien: |
BRITISH Columbia, VANCOUVER (B.C.) |
| Abstract: |
The article discusses the severe challenges facing the residential condo development industry in Metro Vancouver amid a housing crisis, characterized by a significant decline in presales and an increase in unsold inventory. Economic factors such as rising interest rates, tariffs, and construction costs have led to a dramatic drop in buyer interest, with presales projected to decline by 33% this year compared to the previous year. Developers are struggling to meet financing requirements, resulting in project cancellations and conversions to rental units. The article highlights calls for government intervention to alleviate financial burdens and support the industry, while also noting the potential long-term economic repercussions of the slowdown on jobs and revenue in British Columbia. [Extracted from the article] |
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| Datenbank: |
Business Source Index |
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