Are Rennie's Layoffs The Canary In The Presale Coal Mine?
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Are Rennie's Layoffs The Canary In The Presale Coal Mine?
When Rennie Group publicly announced they’d be laying off 25% of their staff in response to the huge drop in condominium presales activity over the last two years, the real estate marketer made instant headlines.The move underscores just how strained the development landscape has become that it's now announcing layoffs. And it’s also an alarm bell that the industry will need help from policy makers to re-stimulate the market, including the new f…
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