Lower Kitchener (534 Charles St E) | 32, 27, 15 fl | Proposed

[bravado]

At least it’s better than the initial render. But yeah…I wonder when an average Toronto developer will take a shot here, it was looking promising last year but this is a crazy slow down. Nobody here is even putting there project on sale because of the conditions. Q condos has been on sale for 8 months. 24 Charles and 88 Queen are both approved for months but not moving forward

I suspect this "slow down" will be hurting us for a long time. I mean it was inevitable post-pandemic. The economy boomed during that catastrophe, but reality was going to catch up because it was all propped up artificially. Now we're having a major recession which was guaranteed to happen following that, so we're likely going to see - at the local, national and international/global level - a slow down of spending and construction in all regards, from infrastructure to housing. I would even argue that the Waterloo Region renaissance is over. I doubt we'll see a major boom in construction for years to come. New projects will continue to come out, but it's going to be a trickle rather than a torrent. A new condo or apartment every so often, but it won't be multiple new projects each month and construction cranes in the sky wherever you look. I suspect the LRT expansion and train station will be also suffering from this too.

Thankfully the housing crisis has been solved, so we can just ride this one out for a while.