(11-15-2015, 01:48 PM)ookpik Wrote: I'm all for redevelopment and intensification. But I'd rather it be done gradually in a rational way rather than hurriedly in a bubble.
Perhaps a lot of redevelopment doesn't happen as a result of rational deliberation on the part of market actors, but instead from irrational euphoria during a bubble. I have no idea, but your comment reminded me of an article I once read: http://www.forbes.com/2011/03/10/skyscra...bbles.html That's discussing a different scale of development than we are in this Region, of course. I remember finding it neat, though.
It's true that there have been a lot of developments along the Ion line, and particularly in the University Zone. I also personally think we're probably in a residential real estate bubble generally in this country. But as far as developments in Kitchener, until recently very few rental properties have been built for quite a while. I wonder how many more condo projects the market can support along the King Street corridor, but I'm not sure what evidence there is that that area specifically is in a bubble.