09-26-2016, 01:43 PM
(09-26-2016, 01:10 PM)nms Wrote: Either way, there is a certain segment that are crowding out others who, since they can't afford to purchase a condo unit, must rent from someone else who bought it instead.
This assumes a fixed supply of new buildings. In reality increased demand leads to increased construction. Who knows if One Victoria or City Centre would have gone ahead had it not been for real estate investors.
More specifically, according to anecdotal evidence, investors were crucial in getting the Kauffman lofts to fruition, at a time when demand for housing in DTK was still on the low side.