09-05-2019, 09:25 PM
(09-05-2019, 02:55 PM)Momo26 Wrote: Well, from real estate folks, all I've heard is rental vacancies are extremely low if not negligible and we run very little risk of over saturating market with a condo/apartment surplus. Don't forget sales and to a degree rent, is also correlated with prices of houses/townhouses. Is KW at the point where people are priced out of the houses with yards forcing otherwise folks uninterested in condo life, into condo life? That I'm not sure.
This is true. We could toss in 5,000 units tomorrow and still have a low vacancy rate. These condos and apartments being aren't going to have much, if any, effect on pricing and vacancy.