Quote:
Originally Posted by The Diva
With a 25 year exemption from rent control, the many vacant buildings we have can be converted. I think there is something that exists only here...some strange ignorance or refusal to follow what other cities are doing. Housing market is strong, vacancy rate is low, population growth = economic factors conducive to filling empty buildings and surface lots. With about 2,000 well-paid Hydro employees coming downtown, I have faith that some would want to relocate nearby, but wait, there is nowhere to move to.
I do not buy your economics theory newflyer.
|
You say you don't buy my "theory", which is really economic fact, but with that aside you suggest factors such as population, restrictive rent control, population growth, and the relocation of MB hydro are all factors to be considered.
All these are economic factors .. which do/has and will impact the realestate market. It really all comes down to supply vs demand .. and the return of investment in the Winnipeg market verus other forms of investment. Most investors have held properties waiting for the economic factors to improve.
As we are seeing business taxes slowly decline, as well as suggestions of cutung the capital tax, Manitiba is still among the most taxes places on the continient. To be blunt many investment dollars are bypassing Manitiba or leaving Manitoba, for greener pastures, as we aren't very investment friendly, nor is there much demand for downtown development. You can tell yourself it can't be this all you wish, but the reality definatly would agree with me.
If investors would make a good return on investment by filling demands for new buildings they would be lining up. I don't think I've ever met a businessman who would snub a profitable opportunity.
The laws of economics don't bypass Winnipeg .. its really very alive and well. If we want better than things have to change. Pushing for government to make Manitoba a "have province" is probibly the biggest thing you could do to make downtown a better place. As the MB Chamber is pushing.
-------------------------------------------
The Manitoba Chamber of Commerce holds its 76th annual meeting this weekend in Winnipeg.
Chamber president Graham Starmer says they'll be sticking to their theme of making Manitoba a "HAVE" province..
Starmer also told the Winnipeg Business report on CJOB Tuesday night they plan to make an announcement Friday about the Museum of Human Rights. He says they'll be attempting to form a partnership with other Chambers and businesses around the province with the aim of raising funds towards the construction of the facility..
Starmer adds the keynote speakers at the Annual Conference are from Chicago, Toronto and Atlantic Canada..
CJOB's Robert Holland reporting
------------------------------------------------------------