Cuckoo Kochar never had problems forecasting sales for his company’s new housing projects in the Ottawa region. Growth was so predictably steady, he says, that it was easy to roll out new developments and know almost exactly how sales would go.
| But that has changed since 2017, when the home market in the region started to take off. The founder of DCR/Phoenix Group says he and two partners launched the first phase of their new Pathways at Findlay Creek complex in September, 2018, and were stunned to sell out all of the townhouse units in the first day.
|  | | | | Did you know? - We also have a newsletter called Streetwise to help you stay on top of mergers and acquisitions, venture capital, financings, Bay Street moves and financial services industry news. Sign up today. | | | | | | More stories below advertisement | | | | Michael Babad's Business Briefing | | | | Albertans were not amused when then premier Jim Prentice famously suggested they “look in the mirror” for the source of the province’s budget woes.
| “All of us have had the best of everything and haven’t had to pay for what it costs,” the late Mr. Prentice bluntly warned just days before losing the 2015 provincial election to Rachel Notley and the NDP.
| New Premier Jason Kenney looked in the mirror last week and decided what Alberta really needs is a big corporate tax cut. His United Conservative Party government plans to slash the rate to 8 per cent from 12 per cent over four years as a way to spur business investment.
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