03-31-2020, 01:12 AM
It will be interesting to see how the local building boom will be affected over the next 18 months. In particular:
- Border restrictions will likely not allow as many international students or international employment recruitment (though this could go both ways as we have prospective students who might have traveled elsewhere for school, I suspect that the area is a net importer of students and talent)
- What has the stock market ride done for venture capitalists who have been pouring money into start-ups while searching for unicorn companies?
- What has this ride done for smaller investors who might have been looking to invest in real estate?
On the flip side:
- If people are needing to prepare to work from home for longer periods of time, might that that change what they might want for a place to live? The most recent developments have assumed that buyers would trade-off a smaller home in exchange for an ability to work and play elsewhere. Suddenly, having a room (like a den or a second bedroom) where you can park you teleworking work space seems like a good idea.
- If the move is towards greater social distancing, how will that drive current philosophies of road space, multiuse trails and sidewalks? Will setbacks be increased in favour developers giving strips of land to the city to allow for wider sidewalks? When walking in the suburbs, it's easier to walk around someone on a boulevard than it is on a narrower downtown sidewalk.
- Border restrictions will likely not allow as many international students or international employment recruitment (though this could go both ways as we have prospective students who might have traveled elsewhere for school, I suspect that the area is a net importer of students and talent)
- What has the stock market ride done for venture capitalists who have been pouring money into start-ups while searching for unicorn companies?
- What has this ride done for smaller investors who might have been looking to invest in real estate?
On the flip side:
- If people are needing to prepare to work from home for longer periods of time, might that that change what they might want for a place to live? The most recent developments have assumed that buyers would trade-off a smaller home in exchange for an ability to work and play elsewhere. Suddenly, having a room (like a den or a second bedroom) where you can park you teleworking work space seems like a good idea.
- If the move is towards greater social distancing, how will that drive current philosophies of road space, multiuse trails and sidewalks? Will setbacks be increased in favour developers giving strips of land to the city to allow for wider sidewalks? When walking in the suburbs, it's easier to walk around someone on a boulevard than it is on a narrower downtown sidewalk.