Quote:
Originally Posted by prairieguy
Does anyone have any theories on why there is a pretty significant amount of condo tower development in Regina close or in downtown core, yet Saskatoon, with a higher actual number and percent of pop growth has nothing?? Is it because of developers in Regina willing to take a risk, municipal incentives, government city, ???? Thanks.
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1) Saskatoon already has a huge lead in condo stock downtown or near the downtown. They must have 2x as many high rise condos.
2) Apartment vacancy in Saskatoon is around 3% while Regina's is less than 1%.
3) Much of Saskatoon's growth is in industrial/commercial/trade growth that is located in the north industrial park. Living downtown would not be practical. Regina has probably a lot more downtown workers based on the crown head offices and now Mosaic.
Just my thoughts