Toronto CHAZ | 150.87m | 47s | 45 Charles Ltd | P + S / IBI

[casaguy]

There's no way you should be worried just yet. If they're pricing Chaz at such crazy prices, hopefully potential buyers will see that only insane people would buy and that the chances are the building won't go up as is.

But someday something will most definitely go up here. Owners who bought after Feb 2007 on the east side of Casa should have known about this possibility.

 

[Automation Gallery]

Nice article and pic of Chaz in the new issue of the Condo Guide, i believe this building most likely will sell and get built..Correct me if i am wrong, but i dont see the pricing here being much higher than similar developments being built and proposed in the Bloor/Yonge area.

 

[urbandreamer]

I was just wondering myself if this project will sell? I seriously think a massive crash is coming to the presale market, and unless they slash prices here, good luck selling....

 

[myfive]

Some good deals now at Chaz. They slashed the prices. These should sell now.

 

[urbandreamer]

^By 10%? I would say if presales were "from $159,000" they would sell. Of course it will impact resale values, but as a developer would think, who cares?

Condos in even less desirable places, like STC or Brampton should be starting around $119,000.

 

[myfive]

159,000?? Not sure what you're talking about. Did you just wake up from a 5 year coma?

 

[urbandreamer]

^I just looked at a five year stock chart. It's gonna be bad, worse than early 2009. Agents, prepare for the roll back!

 

[neuhaus]

159,000?? Not sure what you're talking about. Did you just wake up from a 5 year coma?

More like a 10 year coma.
Location and more upscale interiors/design is why downtown prices are so high.

I am hoping Chaz will make people consider other developments which are better designed and offer better value.

Who knows, with the crazy and unpredictable state of the economy Chaz may become rental after a year of sales.

 

[Automation Gallery]

I am hoping Chaz will make people consider other developments which are better designed

Wait a minute...this is not a box, does a better designed building have to be a box..

 

[Solaris]

AG, I do like Chaz's exterior (being more than a 'box') ... but in all fairness I think it is a poorly designed building with respect to the choppy interiors and awkward floorplans

 

[neuhaus]

do we know sales numbers and exact pricing yet?

 

[Parkdalian]

Did anyone see that CNN report about Chinese companies in China hiring white actors to pretend to be business associates because their appearance conveys some idea of cosmopolitanism and worldliness on to the Chinese business? I feel like this project is some hobo Toronto actor dressed up to look like a businessman for Chinese investors. For these investors, 400 square feet of wonkily shaped floorspace might be some vision of unmatched luxury.

 

[urbandreamer]

Pretty quiet on the Chaz front. I wonder why?

 

[androiduk]

Nothing really new to report but I have seen full page ads in Metro, The Star and the National Post.

 

[neuhaus]

has anyone been to the sales centre?
I am curious about the features and finishes, and especially the pricing. I just can't get past those horrible floor plans.
Anyone on the project team aware of their shortcomings?