06-01-2015, 10:29 AM
(06-01-2015, 08:15 AM)firex Wrote: I guess we'll have to wait a little longer for a new dev that is less student-focused in Northdale.
It will happen, but it's going to take a few more years.
To attract Young Professionals to your development, you need to be a destination where some Young Professionals already live, and have an influence on the local culture.
There aren't Young Professionals in Northdale right now, because your options are falling-apart single family homes, or 5-bedroom student stacks.
Once all this 1-3 bedroom supply comes on-line, they will initially fill with students. However, over the years, I think we will start to see a lot of the 1/2-bedrooms turn into Young Professional units, as the students "age in-place". Why move out, when you've got a private cozy pad, and can get to your post-graduation job just fine from here?
And then there will be a market to sell new-build non-student condos to.