https://betterdwelling.com/toronto-real-estate-developers-have-never-had-more-unsold-condos/
Promising for the Uptown crew that still want their condo built, no matter the time frame, with current contract still intact! I know I definitely don’t want 6+ years of lost value with Uptowns...
They would need another ‘unavoidable delay’ to change the outside occupancy date again, and for the record, Tarion is useless until we get our keys and close
Compensation from Tarion @ $150/day up to a maximum of $7500 if occupancy is delayed past our outside occupancy date of April 25th, 2025. (Can also choose to cancel your contract at this point, too)
$7500 x ~300 units = 2.2m … I’m sure that’s a bill VanDyk would like to avoid, but who knows at...
FTHB here, feel absolutely wrecked.
80 years on this bitch of a planet (if I’m lucky) and these guys are well on their way to taking 10% of it away from me.
Is that dramatic? Maybe a little bit. Is it true, though? 100% 🤷♂️
—
“But at least the value has gone up while you’ve...