If the condo market is soft, I can't see traditional concepts really taking off. For rental, do we need more for a brand new tower would be high priced. The question for me is, what alternatives can we envisioned to spur further developments?
Just for conversation sakes, what if developers approach a 2 for 1 concept per se, where you offer buyers condos, but, if they have senior parents, you offer them incentives to purchase condos for their parents in adjacent tower? Kind of like if you buy one and get 25% off on the next one...
The COVID lock down saw many people around the world worried of their parents all alone and helpless, so maybe something to this degree could be looked at?