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Cranes are gone. Now they'll probably drag out the buildout since there's over 100 unsold units.

They claim 93% of the 340 units are presold.

The first year is the worst year in rental. Deep pockets and long-term vision is required for the rental game. Most new developers are extremely lacking on both those items.

This project will be delayed for 10 years.

It would depend on a few factors. The worst case scenario is really a half built development, because a half built condo is not worth anything. In a receivership or bankruptcy, the secured lenders are always ahead of you (the buyer). So you can hope a new developer can come in and finish the...

Most upper floors remain unsold, but that's more of a function of a seemingly endless project with plenty of alternative luxury condo options available nearby. In theory the buyer pool is deeper with less expensive smaller units, but that's not what they pitched people on. If this plan moves...

The idea of reducing average size of the upper floors from 69 units at 2600 sf to 157 units at 1142 sf seems like a desperate plan. The buyer for a unit on floor 70 something is likely seeking luxury. Luxury usually entails larger spaces to entertain.

I suspect they have overextended. Condos aren't selling.

All good - here's the structure which is almost as complicated as the building design.

This is old news.

I don't disagree although if you're in the trades or anything related to construction it's not pleasant news. The question is what is Canada pivoting toward if not real estate? (We tried cannabis and that didn't work out so well)

This isn't new news. The assignment market is a shambles. The recent string of condos failing to launch is solid proof that the flippers are either drowning or sitting on the bleachers. You may say "great I hope the flippers get busted they're all greedy etc" and that's fine. But real estate is...

Good for you