Challenges in Financial Markets and Real Estate Investment Discussed in Construction Podcast

On this episode of The Construction Record Podcast™, digital media editor Warren Frey speaks with ConstructConnect chief economist Alex Carrick and senior economist Michael Guckes in part two of a two-part series looking at current challenges in the financial markets affecting not only construction but the wider economy as well as the unpredictable nature of federal politics both north and south of the border.

Michael elaborated on current data which shows continued hesitancy towards investment in real estate due to high interest rates and continued fallout from the COVID-19 pandemic and cautioned that even if the Federal Reserve lowers rates, current conditions take time to change. Alex pointed to real estate as still being a point of instability and spoke about how the borrowing rate at the consumer level post-pandemic in Canada is alarmingly hig

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