03-08-2023, 07:12 AM
(03-07-2023, 10:47 PM)nms Wrote: If you're largely selling tiny boxes to investors from out of town who are renting anyways, (or maybe just hoping for a quick flip long after you're gone as builder), do you really care what the amenities are?
It's become such a race to the bottom in this city. I recently went to a few other similarly sized Canadian cities and couldn't get over how much high quality the developments were.
Right now, there is no real incentive for a group here to take the risk and raise the bar (vanmar and momentum seem like the only groups that remotely care).
It is the developers getting pressured from various financial groups (equity and banks) but that doesn't resolve them. The developer and their consultants are complicit in constantly lowering the bar