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Originally Posted by TonyTone
Damn it Iheart you're supposed to just agree with me /s.
That could be true however new buildings are popping up everyday, I don't think demand is an issue, they could easily build some 700 foot scrapers and they would be filled up before the building is in the design element.
It could be zoning like you said.
All I know is the minute we start seeing taller buildings they won't stop being built.
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The fact that building up everyday is part of the issue though when it comes to developer confidence. There's an incredible amount of supply in the pipeline. Even beyond skyscrapers, there are several hundred unit projects popping up all over neighborhoods like Kensington as well, and of course traditional rowhomes. There is a ton of competition for the same bodies, along with an uncertain future market. There's a certain point where height becomes more expensive per floor, so it just goes to show that this is the sweet spot for our current pricing and growth.