> Usually developers would only build such a thing if they can make a huge amount of money and get the highest (or at least current) rates for most of the occup

> Usually developers would only build such a thing if they can make a huge amount of money and get the highest (or at least current) rates for most of the occupancy. A nice (but small) two bedroom apartment in a brand new skyscraper condo in Toronto costs ~CAD$2400/mo to rent. Not cheap, but less than half of what a (much) shittier place costs in SF.