Ehhh? Markets are at ATH right now.Don't think it is an Edmonton phenomena. When America is about to financially sink, no investors are feeling rosy these days. Since our economy is so USA influenced...
True. As we all know, the permit/preconstruction phases take forever. That said, if this is the contractor doing demolition/excavation, there may be cause for concern. Haha.On the same token, I also wouldn't overreact the OTHER way just because of my comment based on a conversation with a contractor on the job...haha.
But yes, between construction costs increasing every 2 weeks, and a very tough housing market to predict in the short & long term, I would be cautious of treating any project as a go before construction kicks into high gear...regardless of the status of approvals & permits.
Can we just not talk about systemic off topic issues in development threads? Make a thread for it in the appropriate sub forum if you feel the need to go deep on it.OK... I'm curious how stock markets could be at an all time high when the whole globe was KO by COVID while most western nations are still in lockdown mode. The only country with positive GDP in 2020 of 2.8% was China when everyone else saw negatively declines. USA has nearly 29 trillion national debt with 86 trillion over all debt (all shown on the world debt clock). This does not include debt bonds other nations such as China (roughly 1 trillion) or Japan ( 1 trillion+) currently hold. If they sell those off. There are also stimulus debts to be tallied into the overall debts. Massive homelessness and on tle rise amongst other systemic issues. Stocks are for wealthier people, primarily the 10%, and they're not the true indicators imo.