Quote:
Originally Posted by biggus diggus
This really is all that needs to be said regarding condos vs. apartments and I tried to explain it nicely the other day. No one likes to accept "this didn't happen because the end result wasn't as enticing as this other option."
Thanks.
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Perhaps, but that ignores the element of risk. Condos likely are more profitable if the developer knows what they are doing, but apartments less risky. So it's not just reward but a risk/reward equation.
I think overall we have a lock of experienced condo developers in town, so we'd need to see developers coming in from other cities. I still would LOVE to see an Optima signature project downtown. I love how they do those projects where it somehow delivers privacy still while being more of a tower-esk design with all the vegetation, balcony variations, etc. My dream would be to see a 30-story version downtown.