I've had a chance to go over some of the posts on this board, and I'd like to address the naysayers who either don't like this project, or don't believe it will ever go up, or don't trust builders or officials.
I say this respectfully, my intention is not to insult, although it may feel like I am.
Firstly, many of the opinions are groundless: the naysayers say the building just ain't gonna happen ... just because. I won't bother addressing that argument.
Or they say, that it didn't happen before, so why would it happen now. This is also a remedial argument. Regina (or Canada) simply isn't what is was before: a small town country that no one ever thought of. It is now the beacon of security around the world. In a world of political, social, and economical uncertainty - and most dangerously, environmental upheaval from climate change - Canada is situated among the best, if not the best. And the world has begun to take to it. Specifically for Regina, it has what the world wants, and Saskatchewan generally will be seen as a engine of growth for Canada from the world's demand.
What the naysayers may be use to is the small town feeling that Sask cities have, but this is quickly changing. Ottawa was similar about 5-10 years ago. The same arguments were being made about downtown Ottawa condos such as who on earth would want to live there. And now the market is red hot. Regina, and Sask generally, has even more potential of growth simply because of it's starting point of being so small.
Moreover, I've had a chance to go over to the City of Regina Planning Dept (which I encourage all the naysayers to go and visit and ask many many questions - they are very friendly over there) and you should hear what they are planning. Capital Pointe is just the beginning, many more condos will spring up, especially along Albert, and elsewhere, once the anchor has been placed.
The Planners realize that given the current immigration trends of Regina, there will be a dire shortage coming - and so the days of dragging one's feet to get a project started or taking a long time to complete a project will not be feasible or profitable for all parties concerned. They are planning to build, and not planning just to plan!
The naysayers also argue about the price point of the condo, saying it is too high. To this point, I'd encourage them to look at other new condos going up in the area, and also to other condos going up in other emerging cities and compare them with their associative markets - you'll find the prices are in-line (although I acknowledge a slight premium for this condo specifically given it's high-end finishes and location). But all things considering, quite in-line.
In summary: Regina is quickly being uplifted from it's "small-town" mentality to become an emerging city (and most importantly being recognized as an emerging city by job-seekers, residents, and investors from all over the world), and I'd encourage it's residential naysayers to do the same.
Prev
). How it works is you place a downpayment on a condo say 10-20%. That deposit does not go to the developer, it stays in trust with a lawfirm until completion and only on completion does the developer get that money, should the project go sideways or die, the lawfirm is obligated to return the money to the original purchaser. I do not have experience in Sask. but I would imagine the rules would be quite similar.
Linear Mode
