Regina Construction IV

[Stormer]

Originally Posted by Festivus

Buildings are built because there is demand (or at least, perceived demand). If no one wants to live downtown in Regina (for the cost of what a new building would be), then it won't be built. Ideally, you should have local and provincial government creating subsidies to lower the cost, which then makes it more attractive for people. And once you have a critical mass, then you don't need the subsidies because more people want to live nearby because of the existing population and services that come with it, etc. Yes, a river or park can play a role in that (just like safety, nightlife, grocery access, transit, etc). But the biggest thing is just the cost of living somewhere relative to all those other things.

Downtown condos in Regina are selling for a fraction of the cost of a new build, so nothing is getting built downtown except a few subsidized projects or small rental projects. Condos are way under water.