A TALE OF 2 ASSETS

Of all the real estate articles that I've written over the past 20 years, this article posted on LinkedIn generated over 10,000 impressions.

It appears there is significant interest in the building of condominiums versus purpose-built rental apartments.

Remember that condos are just apartments that have been converted into individual strata titles.

However, the media constantly compares the condo market with the rental market - and the two are not comparable. 

Most everything is different - from the budget, proforma, building design, end user.

Condos are built to be sold off; rentals are built for long-term management.

Our Lougheed Landmark building is a rental project - as such, it does not rely on pre-sales to qualify for a construction loan.

We focus our efforts on one project at a time and deliberately choose not to over-leverage with too many projects on-the-go at the same time.