Quote:
Originally Posted by Uhuniau
I'd like to know what evidence there is of this, because there have been more projects of approximately this scale in Ottawa lately than you can shake a stick at.
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Comment was based on 150-200+unit developments along traditional mainstreets that fall in the 7-9 story height range. There are many sites in the planning process, but shovels need to move to be considered a project. Pre-pandemic land prices are shown in the more recent developments under construction and/or occupied, but transaction levels have slowed due to higher price expectations (as well as hard cost and interest rate increases). These factors will essentially slow down development (and investment) in these types of good quality neighborhood developments. Just my opinion.