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BUSINESS CYCLES AND PROPERTY DEVELOPMENT
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acquisition Alberta appraisal surplus assets bankers bankruptcy became behaviour Bell Canada Enterprises boom and bust borrowing builders business cycle buyers Calgary's Campeau Canada Canadian Canary Wharf capital Carma cash flow collapse commercial corporate strategy costs crash created Daon debt decision errors decision makers demand development companies diversification downtown downturn Economist economy entrepreneurs equity executive expansion financial institutions Financial Post forecasts Genstar geographic Globe and Mail groupthink growth increase inflation interest rates inventory investment investors land banks land development land values lenders lending loans managers ment Midas Syndrome million sq mortgage NuWest office market office space Olympia and York operations opportunities petrodollars phase problems profit property boom property development industry property market purchase rational real estate market real-estate development recession regions residential risk Robert Campeau sectors shopping centres speculative stagnation stock market success tion Trizec Trust urban