UtakataNoAnnex said:
I am not dissing your source here, but she may not be aware it's not as simple as turning on a light switch. To be fair though, probably a lot of peeps in that field are not really aware of that either. Most likely due that landlords usually have no intentions of converting their properties into condos.
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Oh, it's all good. I'm pretty hard to offend. 😅

I didn't mean to imply it's "easy" by any means. I believe the property manager meant how much more simple it is to change a condo to a rental "pre-construction" and "pre-sale". I updated that in my original post as a clarification as it could be confusing.

As for new rental buildings to condos. I just mean the way these new rental buildings (the ones with in-suite laundry, in-suite meters, etc) are clearly built in such a way where they could transition them to condos far more easily than much older rental buildings could be. From what I see, living in one right now, they are largely condos in anything but name and what the legal definition is.

Hilariously, I've had a friend over who took a look around and literally said to me "Do you own this place?" I told him that this is a rental building. He hasn't rented in decades and got a good chuckle out of "How far rental buildings have come". Then he asked me all the usual questions, like electricity, water, etc all being metered in-suite, etc. "So it is a condo. Just not sold". 😁
 
Can the developer not build the building as a condo, register it, and simply own all of the condos, making it a rental building with the flexibility to sell the units in the future?
 
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