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The commercial-property downturn has a greater geographical spread than the residential bust.
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But despite rising rates and plentiful worries about a housing bust, residential real estate never quite seems to crash as it is supposed to.
You see massive residential developments that went bust during the recession and just completely shut down.
Two-thirds of councils reported that at least one local homecare or residential provider had gone bust or handed back a contract in the past six months.
Phoenix is one of the many Sun Belt cities where housing markets have taken a big hit during the recent real estate bust, with residential prices down nearly 45% since 2006.
He ignores ratings from agencies like Moody's, which slapped high grades on residential mortgages that later went bust.
While the fashion district continues to be an appealing neighborhood to investors and buyers who plan to live there, there are some concerns whether it could survive a bust in Canada's residential real estate.
But the city politically revolted against that vision in the mid-1980s, seeking to insulate residential communities from the boom-and-bust cycles of capitalism.
"By creating a liquid market, by creating more ways to finance, more way to be liquid, you can actually smooth out the boom and bust cycles that have defined residential," argued Lim.
A few years later, residential real estate went through its own bust.
The residential areas that feed Redan, he said, are "busting at the seams" with youth leagues that are overwhelmingly African-American.
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