PCI Developments aggressive pipeline of purpose-built rental developments in the City of Vancouver reveals a deepening commitment to rental construction in the region as the condo market continues to languish.
Canada’s condo market has been beset by cost overruns, construction delays and sales that have gone cold leaving many projects unfinished and facing liquidity problems. But at least one condo project that faced a cost crunch while nearing completion has found a creative way to restructure its debt.
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