[drew]

I think this has as much to do with the prolonged delays/issues/ownership changes that were fairly well documented through the construction process - as it has do to with any market issues.

I think the sweet spot for condos in Winnipeg would be 50-100k less than what these are listing for, so it's going to take time.

If anything its a cautionary tale for local developers that try to pull off a large scale development like this with limited to no experience in the complexities that come with it.

The scale up from 3 or 4 storey wood framed buildings to a 20+ storey concrete high rise is not linear.