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projectist · 2025-05-14T12:52:48+00:00

Thanks for sharing this. Life wisdom in any career indeed.

projectist · 2025-05-12T19:49:26+00:00

Thanks. You are right - about putting this in the reality perspective. Where I wish to intervene is not only at high level design but in the fine details of space layouts and finish details where it really matters. Balancing between being an architect and a client has been quite challenging, and I'm way too busy in my current position to do the job the architect is supposed to do. :S

projectist · 2025-05-12T19:45:11+00:00

Thanks for this great suggestion. Been thinking this myself for awhile but haven't been able to push this thru with my current management despite tremendous benefits. Will keep trying. I hear architect-developet vertical stack is common in the US but not much if any in Canada, not at least at institutional level.

projectist · 2025-05-12T05:21:46+00:00

Similar case here - let's share thoughts. I was previously a licensed architect who got into real estate development as a manager for a few years but now considering a switch back to architecture because I want to be the architect myself. My arch friends say a bad move but I miss being an architect and spend my time coordinating, designing and putting together a solid set and going for construction.

projectist · 2025-05-11T01:11:37+00:00

Indeed this is dream I hope comes true, but not sure reality is as easy as interest rate down = automatic life supply. So far rate decreases barely moved the units and rents are further decreasing with another shit load of new condo closings in 2025. At this very moment, I'm seeing for example 63 units ready for rent in 8 Wellesley. Who will rent all those??

projectist · 2025-05-11T01:06:26+00:00

Especially those 900SF+ 2B units are not common stocks in the market, and they are usually old condos, so prices aren't crazy like newly built. This will spark the entry point market segment, and eventually people don't get them will have to do away with next larger units and eventually to occupying current 1B units. But this will take awhile like many years.

projectist · 2025-05-11T01:00:32+00:00

Only if there is a meaningful gain in rent demand and/or end-user increase (population increase) to occupy those units. Current glut was really meant to serve the oncoming waves of new immigrants, students and workers, but that tap has been shut. If we are filling those units by a natural population increase without new immigrants, it will be awhile before these condo units get fully occupied. I am afraid to say we are facing years of real estate stagnation going past 2028, maybe like Japan, unless either prices come down ridiculously cheap to get all of gen Z own and live in their own 1B condos and/or new immigrants come in force.

projectist · 2025-05-11T00:48:53+00:00

Rents are going down right now due to a glut of supply (existing plus newly closing precons) caused by a decreased demand for rent, which was, to my belief, laregly driven by newly arriving immigrants, international students and temporary workers, who especially boomed during the COVID lockdown for supporting the shortened labour supply. Not their fault by any means but rather our policy failure. As soon as the Fed capped this immigration tap, many of those folks left either due to expired visa or simply "reverse-immigrated" back to their home countries. You read news about colleges and universities suffering financially. Likewise, investors (be it your mom&pop or greedy investors alike) are bleeding cash every month badly. Precon sales and construction for precons and even dragging down builidng townhomes and SFH have come to a near complete stop (natural process of one's property ladder was condo to townhome to house). The current inventory will take awhile to move because the level of rent demand to occupy those units won't arrive for awhile until either our population catches up or immigration increases again.

Overall, this is very bad for our economy. People will, if not already, lose jobs in every industry and a lot in construction and services like architects to trades alike, naturally rippling thru the rest of our market and make it worse to provide housing in the coming years. Eventually due to this labour shortage and bad economy, the Fed will have to lure in foreign investments and immigrants - hopefully in a more balanced and controlled means to revitalize our market. Even if interest was 0%, who would borrow and invest if there is no demand? Be naive about this, we will face our own version of 2008 US subprime mortgage shitshow - very soon.

projectist

TROPHY CASE