There’s a lot of non-profit developments in the works, they have the advantage of having their build and carrying costs subsidized. As well, new zoning will be allowing for higher density housing as a means of increasing tax revenue. As a privateer you’ll be competing with that and have the need to recoup renovation costs. I live on the north east end (river views, less crime) and judging by the long standing ‘for rent signs’ there currently isn’t a strong demand. Perhaps they’re selective.