Condo living in Waterloo Region

[taylortbb]

not many millennials will be looking for $400K+ condos, at least not in Kitchener.

I'm not convinced that's true anymore. Tech salaries have risen quite significantly in the past few years. Any software dev at Shopify or one of the big American companies ( with local offices) is able to buy a $400k+ property. That's a thousand+ millennials that are in KW and potentially in that market. Many will prefer to rent, but that just means investors will buy the $400k condos and rent them to techies. 

Obviously it takes time for these people to move into the market, so I'm not disputing what you see now at Arrow, but I think the buildings currently in approval / construction phases are going to skew much younger than the current buildings.