Potential rental market "saviour" changes plans
7/28/2008 at 12:09 PM
I read on CKLQ's news this morning that the 96 apartment units to be built on 1st street North will be started this week but will now be instead sold as condos.
In the end it's just business and the developer is likely confident that they can sell them at $150k+ a pop, but it's too bad for the local rental market which is having serious supply issues before college/University season even starts... although hopefully some will be bought up and rented by their owners.
Here's the full news bit:
http://www.cklq.com/index.php?cmd=TmV3cw==|TWFuaXRvYmE=&t=MTI0MjM=