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Capital Iron lands

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#81 Casual Kev

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Posted 11 April 2021 - 11:06 AM

Look who has created this narrative - developers. Who stands to gain the most with the narrative - developers!


I am not suggesting that the downtown shouldn't be redeveloped, just that it is a fallacy for people to think that will mean that they will be able to rent a 1 bedroom for $800 a month or buy a 1 bedroom condo for $350K! Look at how much new inventory has come on the market in the past couple of years yet rents and prices are higher than ever.


I mean, you can still buy a 1-bed in Langford for <350K - in part thanks to the fact the city has brought a ton of new stock. Just a few years ago that sort of money got you a 1-bed just about anywhere in the core, even in new builds. 

Edited by Casual Kev, 11 April 2021 - 11:07 AM.

#82 AllseeingEye



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Posted 11 April 2021 - 11:44 AM

Scary to think that in 2007 I picked up a 1200 s/f two-level, 2 bedroom 2 bathroom top floor condo two blocks from Cook Street village for $319,xxx lol. Probably couldn't buy a bachelor suite for that these days.

#83 aastra

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Posted 11 April 2021 - 12:21 PM

Building new homes won't reduce housing prices to zero, so why bother building new homes?

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