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Originally Posted by Armind
Anyone currently living in downtown New West? Is it loud with all the trains?
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I can't comment on the exact location, but I live right across the river and assuming the building isn't too old and the windows are actually energy efficient (meaning some level of soundproofness) it shouldn't be too bad.
Quote:
Originally Posted by Armind
So how long til we will see a price decrease in rents do you guys think?
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I don't think the rent is going to be affected. It's still a supply-demand question. When the demand is outstripping supply, it's hard for rent to go down. If anything, given that units are more expensive now, those foreign landlords would be asking a slightly higher rent to compensate the difference.
But if there's a new building just completed, you can look around. Take Pacific One for example... there are easily 5-8 units looking to rent when I checked a few days back. So anything surrounding it would be affected. If one of the owners can't wait for the unit to sit empty, then that'd be the one to drop first.