They'd need to sell a unit first...Does anyone know what is going on with this project?? I live close to this and am beyond tired of seeing this site be a complete disaster. This is the ONLY time that I welcome construction to happen.
When I walked by the centre two days ago the gathering outside could only be described as absurd, filthy and a serious problem. I am not saying that these people shouldn’t be helped but the current arrangement isn’t working and seems to make the situation worse!The "Harm Reduction Program" Community Health Centre next door only has outdoor security during operating hours. Motley crew is a kind "term" to now describe the clientele who now camp out in the immediate area waiting for the centre to open.
Does anyone know what is going on with this project?? I live close to this and am beyond tired of seeing this site be a complete disaster. This is the ONLY time that I welcome construction to happen.
The shitty thing is if you're not going purpose built rental, you need investors for housing starts. But that led to and was perpetuated by terrible, tiny, stupid layouts, designed purely for that purpose. When someone's financial growth is put ahead of the lived experience of those who inhabit that investment, you're going the wrong way. And we've gone so far down the wrong path, I'm very happy this reckoning is upon us.
Conservatively, I would say 50%+ of current not-yet-launched buildings will be exploring that option. It's a lot, but the equity requirements are far tougher so not all of those will go through. Also, getting to stabilization will be tough when so much product is potentially coming on the market. But again, no condo market at all means people have to find options.
Conservatively, I would say 50%+ of current not-yet-launched buildings will be exploring that option. It's a lot, but the equity requirements are far tougher so not all of those will go through. Also, getting to stabilization will be tough when so much product is potentially coming on the market. But again, no condo market at all means people have to find options.