ville-marie Le Mansfield - 19 étages

[Ti-Pierre]

Ce matin

[Weka 29]

Le 2024-01-10 à 16:58, Philippe a dit :

Hish la déception totale. 

On peut dire au revoir au lustré, les mêmes panneaux que le Louis Bohème.. 

J'avais la même réflexion, malheureusement.

[Brick]

[Brick]

[KOOL]

il y a 1 minute, Brick a dit :

 

Deux symboles montréalais dans une seule photo : un nabot en plein centre-ville et un commerce à louer sur Sainte-Catherine. 

[Djentmaster001]

No workers on site yesterday, all projects are having slowdowns or no work at all... 

 

If people didn't believe it then, or now, this shows we have entered a significant recession. I don't expect any bouceback until mid year, or early next at the worst.

[TomC]

Je confirme que ça ne progresse pas ben vite... 

[SameGuy]

Perhaps a real estate recession. All other signs point to a soft landing without a (defined) recession, and emergence in Q2/3. GDP is up, real income is up, the job market is tight (with historically-low unemployment), industrial production and output are up, and wholesale and retail sales are booming. There has been no actual contraction, not for a full quarter, and not for two consecutive quarters as required to meet the definition.

What we're seeing in real estate is called a "glut." If more projects don't convert to rentals, and lower their prices realistically, we will see continuing softness in new starts.

[Djentmaster001]

29 minutes ago, SameGuy said:

Perhaps a real estate recession. All other signs point to a soft landing without a (defined) recession, and emergence in Q2/3. GDP is up, real income is up, the job market is tight (with historically-low unemployment), industrial production and output are up, and wholesale and retail sales are booming. There has been no actual contraction, not for a full quarter, and not for two consecutive quarters as required to meet the definition.

What we're seeing in real estate is called a "glut." If more projects don't convert to rentals, and lower their prices realistically, we will see continuing softness in new starts.

Not in Quebec and especially in Montreal, been zero growth and contracting growth. Unemployment is closer to 8%, job market is a mix, tight but also hundreds of thousands of missing jobs, hiring freezes, layoffs soaring. Income is not truly up, our purchaisng power is much lower, retail is stagnating. Unfortunately, Quebec has been in a recession since last year. The two quarter definition doesn't matter when growth has been at near zero or at zero for longer. It'll only get worse until it gets better.

[mtlurb]

Total GDP is down this last quarter, but on per-capita basis has been down for at least 3 I believe.