Quote:
Originally Posted by Riverman
Just wondering...where is the market for all of these new proposed towers? There is very little new business development here in Winnipeg and I can't see a large demand for any serious quantity of residential unless there is sufficient underground parking.
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the housing market in winnipeg has been red hot for several years....the downtown population has grown by 20% in 5 years....i can guarantee you that every single residential tower being proposed includes parking.
as for the market, i have always maintained that these types of projects create the market.....in my opinion there isnt a finite number of people who would want to live downtown....people dont live downtown right now becasue nobody lives downtown.....the more residential that happens the larger the market will become.....more amenities will develop, a better urban quality, greater vibrancy that will attract people to live there in greater numbers.
its a snowball that just needs to be pushed so it can gather momentum....people attract people.....
they build 5000 houses a year in winnipeg....a few hundred residential units downtown doesnt seem impossible.