Quote:
Originally Posted by Nufy
Is there a term limit on these new rental builds...
Whats to stop a developer from building rentals and saving the GST amount...
Then flipping it in 5 years to condos and running away with the profits ?
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I understand the grift, but It would have the same benefit no? After 5 years, the price of the condos is presumably lower than new builds, and creates affordable housing.
From what I understand now is that old builds are basically full, and new builds are cost prohibitive.