Quote:
Originally Posted by PsYcNeT
Were those actual development stoppages, or just slowdowns? I don't recall Calgary having abandoned projects and the like that you see during development stoppages.
|
1988-89 were the horror years (post O&Y), when everything just stopped cold. 1993-94 was when major developers in Calgary cut lot output production almost 90%. 2008 - is still very fresh in the memory – when major city builders started to walk away from their lot purchase commitments. Only the massive federal capital infusions on both sides of the border have helped a reasonably quick recovery and prevented a deep depression-type crisis.