05-04-2018, 01:37 PM
(05-04-2018, 10:40 AM)Watdot Wrote:(05-04-2018, 08:07 AM)panamaniac Wrote: Yet another condo destined to be occupied by renters?
Provided these investors even get renters. There's a lot of condo units available across KW, just look at Kijiji. There's also a lot of developments happening along the same timeline, so the supply will continue to be there.
Looking at just downtown Kitchener (Waterloo is a different kettle of fish with the university area condos being rented to students) the number of condo units listed for rent is not all that big, I would guess 10-15 units, depending whether some of the duplicate ads are actually separate units, across four condo buildings (100 Victoria, City Centre, Arrow and Kaufman). That's maybe a 1-2% vacancy rate for DTK condo rentals, so certainly it does not look saturated.