Why a long-delayed Old South tower is moving ahead now

Why a long-delayed Old South tower is moving ahead now

Thursday marked the start of construction of a new residential tower by Tricar Group in London’s Old South, a project coming amid a major slowdown in home construction this year in the city. London Free Press reporter Jonathan Juha notes that it’s also one of the first projects in which the local developer is taking advantage of federal and provincial incentive programs that remove taxes from purpose-built rental projects. The initiative is mean…