VREP #525 | Why Smart Money is Getting Ready to Build Again with Daryl Simpson
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VREP #525 | Why Smart Money is Getting Ready to Build Again with Daryl Simpson
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Most of the market is sitting on its hands, but Townline President Daryl Simpson says that developers paying attention are getting ready to build. Daryl sits down with Adam & Matt this week to explain a paradox: how the slowest condo market of his three decade career, the first real drop in rents this city has ever seen, and 20,000 rental units still under construction actually set up a genuine supply squeeze in the early 2030s - one builders should be preparing for now. He is candid about why today's construction savings will not last, what developers got wrong during boom times, and why the condo bailout nobody asked for is doing more harm than good. So when does this market actually turn? What happens to rents once the cranes come down? And what will it take for buyers to believe in this market again? Don't miss this one!
