Quote:
Originally Posted by Migrant_Coconut
There's no such thing as a "rental condo" - they're 100% strata. If you mean that we need to increase apartment construction, most of the forum is behind you on that.
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Apartment construction takes massive amounts of capital, which few individuals can do. Its somewhat easy for an individual to become a landlord via a condo building. When a condo completes, generally, some percentage is rented out. I don't know what the average is for the City, but the building I live in near the core is over 50% rented out and another condo I rent out in downtown is 66% rented out. In both these buildings, the number of rentals exceed owner occupancy.
The fact is that building anything, even stratified condos, adds to supply of both owner occupied units and rental units.
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