Quote:
Originally Posted by Cyro
"downtown living gets swallowed up for the next two decades."
I'd think a 20 year projection into the future on availability or an over-demand for downtown living space may be a touch premature to predict at this point, even though you may have a better understanding of the residential market as your mentioned profession.
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Deliberate doomsday hyperbole... I could have been more clear.
However, such a worst case scenario is possible for Winnipeg. Calgary is experiencing its worst case scenario and will likely start recovering within a year (recovering, not flourishing...). Winnipeg did, however, go 20 years without highrise private downtown development.
Considering how stagnant Winnipeg has been in the past, there is some urgency to "get in" while the going's good... even 5-10 years is a long time, should all these major projects satiate our downtown living demands prior to filling up...
I personally don't feel that way, but it is that rational fear in the back of the minds of developers or hopeful urbanites...