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When everyone is buying the hot properties, making outsized profits gets harder.
Law firms are signing plenty of new leases, often in new locations for them.
They already had the limited partners, but technology offered an appetizing exit strategy for investors.
Most couldn't afford to buy a home and the pandemic has only made things worse.
The lack of available labor has been a larger factor in project delays than the materials.
No easy answers other than "It depends."
Demographics, problems in Canada, and competing uses bigger invoices for commercial real estate.
Others think the higher prices are a result of economics 101 and are here to stay for now.
The change is probably temporary and explained by obvious factors.
Building commodities prices are inflated from increased demand and ongoing supply chain issues.