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It won’t, especially if there’s new development around, that’s why we ended up selling our old apartment instead of keeping and renting out.
City of Lougheed was just opening and they were selling brand new 2br for like 35% more than our unit built in 86. Ours was 3-400sq fr larger, but I did not see any scenario where it would compete with the vast amounts of new builds going up.
Growth will almost certainly be slowed and substantially so if you have new developments surrounding your building imo
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