I’ve mentioned in a couple of my recent Globe stories that developers are looking at whether they should be considering building rental. That hasn’t happened on a large scale in many a moon here, because the money to be made from building condos was greater and quicker.
But now, with buyers hesitant to rush in and construction costs coming down, some are looking at it. To help them along, the Urban Development Institute, the association for developers and builders, is putting on a seminar.
UDI March Breakfast Seminar
Ready for Rental?
A UDI Forum on Rental Housing
Tuesday, March 3, 2009
With the changing economic climate, developers are looking at other options including converting market buildings or building new rental units. Come and find out how it can be done – and what governments can do to assist the development industry. This is an opportune time to explore how much-needed rental units can be built.
Judith Harris, Crosby Property Mgt.
Paul Sullivan, Burgess Cawley Sulllivan
Beverly Ellingson, McCarthy Tetrault
David Negrin, Aquilini Development
Brian McCauley, Concert Properties
David Goodman, Macdonald Commercial
David Porte, Porte Realty.