Alcohol sales were the hidden engine of the restaurant industry. The decline in drinking is about to expose just how much restaurants were relying on it, and I’m not sure enough people are paying attention to this
What was once the darling of retail is now struggling to survive.
Kendal Harazny
15.2K posts
Real Estate Developer of Rental Apartments.
Advocate for reduced parking minimums and urban, sustainable design.
- The irony of new energy efficient appliances is that they are ending up in the landfill 10x faster and are, in fact, much worse for the environment.My parents have had the same washer and dryer for almost my entire life. They bought them used in 1989. 35 years without issue. I’ve had to replace our washer twice in the 9 years that I’ve had it. They really don’t make ‘em like they used to!
- My thoughts on the Canadian government removing GST from rental housing: First, finally. To clarify, when we built a $100m apartment building, we had to cut the government a check for around 5% of the value when it was done. Unrecoverable. It was cost, just like concrete or
- Unpopular take: "Combined years experience" is not a real metric.
- $726,000 in municipal fees to deliver 95 rental homes. Next time you get mad at your local developer for building in your neighbourhood, keep this in mind.
- "Real Estate Only Goes Up" This office building sold for $180 million in 2012. Today, if it gets a bid, it will sell for $24-$30 million.
- The Government of Canada is providing Volkswagen $13 billion in subsidies to build a battery plant. Volkswagen made $22.1 billion Euros in profit in 2022. But, suggest that the Government of Canada provide subsidies to rental real estate developers who may make a profit while
- Replying to @khznyA quote from the owner recent restaurant closure in Kelowna: “Guests are dining out less frequently, spending more cautiously, and more often than ever before are choosing to avoid alcohol altogether," says Greabeiel.
- 100% leased in 60 days. 61 units, concrete construction. Replaced 3 decrepit homes.
- Everyone I speak to, in every city, is short staffed. From service/food, to trades, to the oil patch, to accountants, lawyers and other professional services. Why wasn’t this such an issue in 2019? This is an issue in every market in North America. Where did everyone go?
- Solving the Canadian housing crisis is going to take a herculean effort by government and private developers. Some developers will create massive wealth by helping to solve this crisis. Citizens and politicians need to be OK with this. It can’t be an ‘us vs them’
- My phone is blowing up. This is leadership! (Patiently waiting for full details)
- I love DocuSign and use it lots, but how is it worth 42 Billion? Couldn’t Microsoft Outlook add a single button/app that would wipe out DocuSign?













