All the condo buildings going up in Calgary

[RedlineBrett]

I was asked this Today by a potential JV - his thoughts were that all the new buildings are going to end up adding a lot to the rental supply and thus will hurt market rents and put less pressure on the bottom end of home buyers and slow things down significantly over the next two years.

I know what I said in response... but I`d love to hear the thoughts of other Calgary REIN members... what do you think these buildings will do to our market?