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Canada’s gross domestic product shrunk in the second quarter as the same supply-chain distribution issues affecting other countries are hitting Canada, too. Its exports were plunging at the rate of 15 percent during the second quarter.
Whenever a client speaks to me for the first time about a potential construction case, I almost always ask them to prepare a “back of the envelope” timeline.
By the time this article is published and The Wholesaler magazine is delivered, we will be midway through the fourth quarter of 2021. The PVF industry continues to face many uncertainties, as mentioned in last month’s column.
While the economic recovery maintains growing profits, major U.S. banks anticipate one of their biggest profit years ahead — such as major players J.P. Morgan Chase and Co. and Citigroup.
The result has been fierce competition among buyers for a very limited number of homes. Also, fewer new homes are being built because of the pandemic, and older homeowners are reluctant to sell. This makes already high prices even higher.