08-15-2022, 05:17 PM
(08-15-2022, 03:59 PM)tomh009 Wrote:(07-31-2022, 09:57 PM)panamaniac Wrote: Condo rather than rental surprises me a little bit. There will always be a seniors' market for both, but the amenities seem to be aimed at the "senior senior" who, I might have thought, would be more interested in renting.
It appears that we are both right. It's based on the same concept as the Harbour Life complex in Hamilton: the investors are buying the units, and then they would (be able to? need to?) sell them to a seniors' home operator once the project has been completed.
I'm not sure I understand the two-step process. Why would the seniors home operator not just buy the units/build the project from the outset?