This is not a City of Toronto specific story, nor one about city government, but at the moment, I can't think of a better 'general' thread in which to place it:
TORONTO - High interest rates and rising costs have pushed RioCan Real Estate Investment Trust to put a halt to starting any major new construction projects.
www.thestar.com
RioCan is pausing ALL construction starts. (not ongoing projects, but those that have yet to break ground)
From the above:
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They will use any surplus funds to lower the REIT's existing debt, for now
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