Super low interest rates making projects with steady but low returns attractive is the difference today. And why does it have to be federal? Canada is the most decentralized nations in the OECD, yet for some reason the policy prescription always pivots back to the tired canard that "Canada does not have a national X, or Canada needs a national X, or Canada is the only nation without a national X". Truth is, we are also the only nation with super powerful subnational governments (discounting China).
 
maestro said:
That is how it has been. I'm predicting this generation of towers will be different. The strategies of today's real estate investment vehicles is to eventually exit while past generations of individual owner was to rent out and live off the income. The prospects of newer rental buildings continuing to be built for the next 30 years without a federal housing policy is unlikely. At some point, property values will plateau or decline and that will end rental construction. That won't change from past generations. These may still be the newest rental housing stock 30 years from now. (should they remain rental)
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You may be right, but I'm hoping you're wrong. I like the way it has been in the past where rental buildings depreciate relative to the market as it allows for some cheaper housing stock.
 
Low interests rates have been around for a while. It has attracted some rental investment how the rapid growth in rental construction across Canada in recent years is concurrent with foreign investors flooding the stable, undervalued Canadian market and driving up prices.

Federal was just meant as an example. They spearheaded all previous rental housing booms.
 
Even if new generation of owners exit the buildings and they turn into condos, I would expect individual owners to rent out suites. As long as the towers keep getting built it's increasing the inner city housing supply, and if the demand to live in the inner city stays, new units will keep coming.
 
Does anyone know what is going to be build at 528 14 AV SW? There is a PDI fencing around the current condo building. Checked the cities development map and it looks like a NORR architect project but I can't seem to find any renders online.
 
pharmer86 said:
Does anyone know what is going to be build at 528 14 AV SW? There is a PDI fencing around the current condo building. Checked the cities development map and it looks like a NORR architect project but I can't seem to find any renders online.
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A DP was submitted and I believe approved for a 20 storey tower called "Yellowstone" back in 2017/2018. I wonder if they are perhaps considering proceeding with construction with the residential market being so strong?
 
Here is the thread for Yellowstone:

Calgary | Yellowstone | 67m | 20s | Amble Ventures | NORR

This is the thread for that DP submitted a couple of weeks back. For now it's called Yellowstone Multi-residential, back by a numbered company from Vancouver, and designed by NORR. The proposal is a 200 unit, purposed built rental tower. No public rendering yet, but it looks almost identical to...
skyrisecities.com skyrisecities.com
 
Guess this one may be going ahead?

Would be wild if this one and the one at the old Sony Store get going at the same time, they’d be poking their heads above ground around the time Lofts on Fourth opens.
 
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