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Without inexpensive financing, land deals remain stuck in the trenches

Sales of development sites across the GTA retreat sharply as capital tightens
This 142-acre site is for sale at 11515 Derry Road & 7314 Sixth Line, offering potential to develop between 2 and 2.4 million square feet of industrial space. (CoStar)
This 142-acre site is for sale at 11515 Derry Road & 7314 Sixth Line, offering potential to develop between 2 and 2.4 million square feet of industrial space. (CoStar)

Sales of land tracts have fallen sharply since capital markets began to tighten in 2022.

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