Barrie Debut Waterfront Residences | ?m | 33s | Gary Silverberg | Oleson Worland

Increased interest rates means builders would want to close sooner, not later, as their construction mortgages are more expensive.
 
Increased interest rates means builders would want to close sooner, not later, as their construction mortgages are more expensive.
but I know some of builders informed the customers that they will delay, for example NO.31 Parliament Condo from Q2-2025 switched to Q1-2027
 
but I know some of builders informed the customers that they will delay, for example NO.31 Parliament Condo from Q2-2025 switched to Q1-2027
yes but that's not because of mortgage rates.

It's extremely common for closing dates to get pushed as there are a million reasons projects can be delayed. Usually construction takes longer than anticipated, and a lot of developers aren't honest about their occupancy dates in an effort to drive sales.
 
Looks like they are starting to take down the other buildings and prepping for the second tower possibly
IMG_2489.jpg
 

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