Quote:
Originally Posted by Colin May
HRM wants to sell all their land along the downtown Dartmouth waterfront and have visions of 15 storey buildings. In a recent staff report they have an estimate of sales revenue as part of long term capital expenditure plans. Quite obvious they have no knowledge of the real estate market.
Or perhaps they think the province will build more LTC facilities.
If anyone is looking for condo sales data in metro I have the data.
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What would you prefer? The parking lots and abandoned brown sites that populate the Dartmouth waterfront now?
FWIW, I find most long term condo sales and rental rate projections for HRM often highly speculative and overly conservative; they're often touted by HTNS and other NIMBY groups to justify their (shockingly unsurprising) opposition to development, when its really just about opposing change.
And even if the numbers suggest a weaker market, we still need to increase supply of downtown residential developments-- especially now, when it is cheaper to borrow and build-- and yes, that includes creating an over-supply to bring down prices, rental rates, and the downtown costs (to make it more competitive with the sprawlburbs) to encourage greater densification in the core over the long term.
I'm a frequent critic of HRM staff, but I'll laud them if they're planning for higher density development in the downtown core all day long.
There are people in Halifax who view the city as their quiet little retirement community, and they don't like new immigrants, developers, or, quite frankly, people, changing that.