Login

Wesgroup cuts jobs as apartment developers face 'unprecedented' challenges

Financial pressures force one of Western Canada's biggest real estate firms to cut staff, sell assets
One of Wesgroup's latest projects is One Fifty Braid, a 35-story, 424-unit residential tower in New Westminster that it finished this year. (CoStar)
One of Wesgroup's latest projects is One Fifty Braid, a 35-story, 424-unit residential tower in New Westminster that it finished this year. (CoStar)

The decision by one of Western Canada's biggest developers to cut jobs is the latest sign of rising industry distress that has led to a growing number of stalled projects this year.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE