He adds that lenders are asking all developers for higher deposits for new development, at least higher than
in past recovery periods.
The early stages
of past recoveries have been led by consumer spending, particularly for durable goods and residential investment.
But
unlike past recoveries, more Canadians are choosing self - employment, rather than as a means of escaping unemployment.
Although these are encouraging developments, I believe that the recovery is likely to be quite muted compared
with past recoveries.
As with consumption, we are unlikely to see the typical surge of housing starts and residential investment that was a key feature of
most past recoveries.
While past recoveries will not reflect your case accurately, it's important to know that they've had a lot of success in the right fields.
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successful past recoveries.
But
unlike past recoveries, more Canadians are choosing self - employment, rather than as a means of escaping...
The percent of part - time workers peaked at 20.1 % in 2010 and has dropped to 17.9 %, which is still high but shrinking as employers hire more full - time workers, just as
in past recoveries.
Debt problems remain, and the main drivers
of past recoveries - housing, autos and capital spending - continue to be vulnerable.
The real issue is that
past recoveries have always been driven by autos, housing, and capital spending surging off of very depressed lows.
While this recovery has comprised many unique — and sometimes disappointing — traits, it still bears similarities to
past recoveries.
The overall unemployment rate started to drop after the recession ended and then declined at a similar rate to
past recoveries, reaching 4.3 % in May 2017.
Most concluded that the U.S. recovery was likely to be slower than
past recoveries and that Europe's financial problems were not likely to be fixed quickly.
Many people worry that this recovery has gone on so much longer than
past recoveries that it is due for a correction, a recession.
Some economists believe shifting demographics may be the primary reason GDP growth has been weak versus
past recoveries.
Multifamily REIT executives say that this environment is different from
past recoveries.
However, unlike
past recoveries, this sector has not been a positive contributor to GDP growth so far.
This low supply is a unique feature of this real estate recovery (as opposed to
all past recoveries) and has helped to bolster fundamentals and is behind the fairly quick recovery in commercial real estate fundamentals despite anemic demand factors.
That may make the retail comeback more sluggish than in
past recoveries.
«It's tight and expensive and I think we're
past recovery,» says Jen Helm, senior director of brokerage services at CWN.
While Kohn acknowledged the housing and auto sectors might not provide the boost to economic activity ahead that they have in
past recoveries, «They do not appear set to replicate the experience of fiber - optic cable,» he said.