ICE Condo Construction Update
Another picture of ICE Condo from yesterday. The taller tower is up 52 floors with 5 to 7 more floors left. Southcore is growing so fast, don't blink or you might miss something.
Lanterra - Bremner
Southcore
York Bremner
Southcore
York Bremner
Global Financial Markets (Factor: Negative)
The global financial markets seems to be on the rebound, from late last year and continuing into the new year, the stock markets of the key global players has been improving in performance. So why is this a negative for Toronto and our economy in general? Well, if you remember the Financial Crisis, after the initial shock of the collapse Toronto actually did quite well, the cause of this was that International Money was looking for a safe place to go and hide, and as far as investors there is no better place to stash your money than Toronto, as it's safe, it's global and has a solid reputation for financial stability. A global Financial rebound is bad for Toronto, as cash now has other places to go to get a good return. The easy ride will be over for us here.
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