06-18-2022, 02:02 PM
Are the highrise condo towers out of our control?
https://archive.ph/ijkO8
While I agree with the need to add parkland (potentially to convert city owned parking lots), I don’t see how this has to do with towers. That is on the city to implement. They know the towers are coming, so make a plan.
I also don’t understand why there is so much criticism on condo developers offering affordable units under $368k being an issue that investors can buy and flip them? Please direct me to a non-tower housing development that has units below this price. Why isn’t there scrutiny for single detached developments being unaffordable? Go to a new suburb development in the SW end of Kitchener and I bet you the cheapest home you can purchase is around $1M, yet nobody is complaining there because it matches the status quo of what has been “normal” in Kitchener.
https://archive.ph/ijkO8
While I agree with the need to add parkland (potentially to convert city owned parking lots), I don’t see how this has to do with towers. That is on the city to implement. They know the towers are coming, so make a plan.
I also don’t understand why there is so much criticism on condo developers offering affordable units under $368k being an issue that investors can buy and flip them? Please direct me to a non-tower housing development that has units below this price. Why isn’t there scrutiny for single detached developments being unaffordable? Go to a new suburb development in the SW end of Kitchener and I bet you the cheapest home you can purchase is around $1M, yet nobody is complaining there because it matches the status quo of what has been “normal” in Kitchener.