"Those people have to go find somewhere to live. They're not going to be able to move when they were expecting to. Their world goes upside down. This statement from Scott McLellan, chief operating officer of Plazacorp, illustrates the significant personal impact on homebuyers whose move-in dates face delays of up to two months due to construction restrictions."
"Builders and developers told CBC Toronto the restrictions could force hundreds of construction sites to sit idle for days or weeks this summer. They say the resulting delays could impact as many as 10,000 people expected to move into new homes this year, pushing move-in dates back by as much as two months."
Toronto has implemented severe construction limitations downtown and along major roads from May 1 to July 31 to maintain clear traffic during the FIFA World Cup. The city will host six games between June 12 and July 2. Builders and developers report these restrictions could force hundreds of construction sites to halt operations for extended periods. The delays threaten approximately 10,000 people expecting to move into new residential units this year, with some facing postponements of up to two months. Developers like Plazacorp, managing downtown residential towers, warn that affected buyers will face significant disruptions to their moving plans. The city has not publicly explained the rationale for establishing such an extensive no-work zone for this duration.
#fifa-world-cup-toronto #construction-restrictions #real-estate-development #urban-planning #housing-delays
Read at www.cbc.ca
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