TEK Tower (30 Francis) | 45 fl | U/C

[jeffster]

Especially since a lot of new rental stock will come onto the market before then. In downtown Kitchener alone there will be the Bow (aka Arrow 2), Civic 66, Ophelia, Drewlo,  387 King St E and Woodside phase 2 -- and a lot more in the East End.

I think most of those investors will be cash flow negative and just hoping for appreciation.

I doubt it. We still have a serious housing shortage in Kitchener, and that isn't going to change with a handful of building coming online in the coming year. What it might do is depress prices a little bit with the more rundown and older buildings.