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Brown notes prior to 2018 most projects in the area would have launched as condominiums for ownership, but developers recognized the need for new rentals as many professional young adults are takin
Toronto’s “increase in rents can be attributed to owners reducing the value of incentives offered,” UA analyst Kendall Brown said in a e-mailed reply to questions.
“It’s been quite successful due to the timing of the launch. We haven’t really had a big project launch in the downtown (for awhile).
“Arris differs from the competition by offering larger floorplans than what are typically found in downtown Calgary, plus it offers comprehensive, upscale amenities that are becoming a trend among
