To be fair, they've been at a good pace with their Hannover conversion. I am excited to see how much the thousands of new housing units in these various conversions will impact the vibrancy of the downtown core over the next few years. For example, the Hannover conversion, when considered in addition to the residential portion of Telus Sky, likely means 1000 or more new residents on that block. We always get roasted for downtown being quiet after 5 pm (unfairly, IMO, because that also describes just about every other large North American city).
This also helps explain why we don't have a lot of residential highrises u/c (at least compared to Toronto, Montreal, Ottawa and Vancouver) because all these conversions represent a thousand or so units, at least, on top of all the towers Truman and others are building.