Quote:
Originally Posted by Newstart
I agree with everything on the commercial side. I agree with minimal to no market for Condos, however Regina has never had a proper Condo Tower built, the last two, 10 years ago aren't exactly architectural experiences, the construction process was a gong show.
but not market for downtown/urban rental? It would put Regina as the only City in Canada that does not have a market for urban rental. It would put it as one of the only cities in North America that would not have a market for urban housing.
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I am not saying there is no market for downtown rentals, just that there is not sufficient demand to justify a new build. The rent one would have to charge to make a fair return after construction costs, interest, taxes, etc. is just not in market. The new proposal near the General Hospital likely benefits from lower land costs and taxes compared to downtown.