[GreyGarden]

For that amount of money, you can get a pretty good house in/near the core of the city. I think this is the issue with these kinds of projects.

I have a couple friends in other Canadian markets that have bought in medium and high density buildings like 390. They love being close to the action but they'd rather be in a house near the core. But for them, the cost of a house near the core is completely out of their price range. So the option is to either live in a high density building or have a long commute out to the sticks.

I don't think that dynamic exists here, so for these types of projects in Winnipeg the market is mainly just people buying because they want to be there rather than it being the most cost effective option close to the city.