Coolibop
Active Member
This one isn't shovel ready is it?
RioCan REIT pauses new construction starts amid high interest rates
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:
View attachment 517620
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They will use any surplus funds to lower the REIT's existing debt, for now
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View attachment 517621