Quote:
Originally Posted by TheHonestMaple
I'm not holding my breath. High interest rates that will remain for the next 5 years at least.
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McMaster is in a slightly different spot though. They aren't selling these units, which is part of the reason rental buildings are still going up. Rents are increasing, and McMaster likely plans to hold onto these buildings beyond any current staff or students lives. McMaster isn't a typical builder thinking about the next 10 or 15 years of owning these things. This building will likely be retained by the school as long as the school exists, adding to it's asset base.
Recall that the institution was founded 136 years ago, prior to any existing developer in the city and has a massive nearly billion dollar endowment.