Quote:
Originally Posted by Keith P.
AllNS story today says Lawen is going to convert it to rental because they don't do condos (paraphrasing).
This is a huge disappointment. I would have likely been in the market for one of these. But apparently the cash flow from his Vic apartments has convinced him rental is the way to go.
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I'm actually not surprised - read a report from some think tank out this way saying that many seniors are not buying the condos rather renting, so there has been a swing in the construction market back to rentals.