(09-24-2025, 04:57 PM)ZEBuilder Wrote:(09-24-2025, 04:14 PM)tomh009 Wrote: 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.
Is there somewhere on this forum that summarizes all of the buildings that are approved and/or under construction and the total number of units approved? I have lost track with the federal (and provincial?) housing incentives. Do municipalities get credit for buildings that have been approved but not yet built? If everything approved on under construction were magically built in 2025, how many more housing units would be available?
With the province adjusting the development fee schedule, I'm not sure if there is much else that municipalities can do to speed up development. With the increased prevalence of "For Rent" signs in apartment buildings big and small this late into September (not to mention the condo developments that still have units for sale even after construction is complete), the Region must be due for a rent correction to fill the buildings.