Quote:
Originally Posted by wwmiv
Unless they start the process now and get underway soon, it won't happen. Lending for hotels will dry up very quickly with the number of projects in the pipeline or already under construction.
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If the Fairmont gets going pretty soon that will definitely be the case. If the Fairmont fails there is room for a few others to sneak in.
The high rise apartment market should be close to saturated for the time being as well - if most of the proposals get built. Our best hope to continue this boom is for a few condo towers.