Earlier quoted context omitted.
> The place where construction has to stop because you’re not allowed to uproot Strange take for Toronto where houses are being torn down and rebuilt as larger houses or high rises everywhere
My understanding of what's happening here in Toronto: it is such a hassle to fight for any new construction, that the only projects that are "worth it" are highrises. This means that 4-5 storey residential condos/rentals are not being built. Only the biggest buildings.
Mining mining was behind large law and accounting firms, underpinning the professional service layers, and driving the demand for high end mansions, out of town el ranchos, tax write off hobby projects for spouses etc.
On a pie chart for cash flow I'm guessing minerals and energy are still the big tickets there?