06-02-2015, 12:09 AM
(06-01-2015, 10:29 AM)Markster Wrote: 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.
I think it will start happening more directly. There's a wide range of university-affiliated people who are close enough to pass for Young Professionals - graduate students, postdocs, visiting professors, assistant professors, etc. The 1- and 2-bedroom furnished units in Northdale are just as relevant to them as they are to Young Professionals. They're a good value and location.