05-04-2018, 02:26 PM
(05-04-2018, 11:36 AM)panamaniac Wrote:(05-04-2018, 10:40 AM)Watdot Wrote: Provided these investors even get renters. There's a lot of condo units available across KW, just look at Kijiji. There's also a lot of developments happening along the same timeline, so the supply will continue to be there.
If all the projects that have been proposed get built over the next few years, I could see an oversupply of both condos and rentals in DTK.
I don't think there will be an issue. For several reasons: 1) Some are looking to downsize, a nice condo is a good fit (and I certainly would if I didn't have children). 2) Lots of business moving to DTK, makes sense to move there if possible too, perhaps get rid of the car (I work DTK, and I would like if I didn't have to drive there) 3) LRT is going to be very close to all of these developments, good time to use a car share and ditch that expense (I would if I didn't have children). 4) Young couples looking to buy/rent in a part of the city that is, slowly but surely, getting better.
Only thing missing from DTK is a full (chain) grocery story. Hopefully that will happen soon. If it did, then it's easier to lose the car (though car shares are still an idea for grocery shopping). Sweet that it appears that the Apollo is doing good. I've been there a few times, and enjoy going there much.