Quote:
Originally Posted by Fuzz
Nenshi has a lot more power than I ever realized, if any of what you say is true. Which it isn't.
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Definitely wasn't developers and REITs response to things like gaps in the purpose-built rental market or anything like that. Nenshi was right in there, pouring concrete, fishing wire, putting up drywall, all while the developers looked on helplessly wondering what they'd do with all these units they'd end up owning against their will, meant to attract renters looking for flexibility, which would naturally drive down condo ownership demand.