05-12-2026, 03:23 PM
(05-12-2026, 03:02 PM)nms Wrote: Do we have any idea of how many of these units are owned vs rented by the developer (or owned by someone but rented out by the developer and/or a property manager)?
I would guest that between 70-90% are investors owned. Given that most units are sub 500 sq ft, this was definitely targeted at investors. Just look at the floorplans.. who would really seriously considering living in those tiny units long term.
The developer, IN8 also developed SAGE condos in Waterloo which were also marketed to investors and targeted at student as tenants. I believe the rental units there are being managed by a related company on behalf of the investors.

