09-24-2025, 04:57 PM
(09-24-2025, 04:14 PM)tomh009 Wrote:(09-24-2025, 11:20 AM)creative Wrote: This won’t be built as a condo for at least 10 years. They might change to (high end) rentals but that is starting to become saturated.
They did go to the cost and trouble of an OLT appeal so maybe they are planning to build it as rentals. Are there indicators that the rental market is saturated and there are too many rental homes available?
Vive alone has 3 rental buildings under construction (almost 100 floors worth), tricar has another, Auburn has 3 in Kitchener (more in Cambridge), Drewlo buildings still aren't occupied. Plus the numerous others being built.
There's a ton of rental being built so the market is definitely not saturated. Developers are in it to make a profit after all, if they can make a profit they will build. The only real way currently is rental so if it gets built anytime soon it will be rental.