[Hondaracer]

If you’re building purpose built rental buildings, it’s a huge risk for the developer.

As I’ve said before if you’re going to give all this slack to the First Nations in terms of just pushing through this development and being extremely lenient with a development like this compared to other developers who would -never- see a project of this scale approved, you better not be fucking bailing them out when this fails.

With the new skytrain it makes a bit more sense but the last thing anyone wants to see is some sort of govt. bailout on this project

Also seems to be a huge shortfall in market rate rentals with these new developments, which kind of lends itself to that oversupply argument. But then again, if you start putting below market rent units in developments like this people are going to lose their minds