innsertnamehere
Superstar
yes they will be rental. Originally they were condo but it switched at some point to rental.
Toronto eCondos | 195.67m | 58s | Bazis | Rosario Varacalli
- Thread starter buildup
- Start date
bricksandblocks
New Member
Is there actual published confirmation? I haven't seen it anywhere.
GenerationLee
Senior Member
grillchz99
New Member
It's going up fast. When will be closing or occupancy ?
Tnt1984
New Member
Believe November 2018... just got a letter saying my occupancy won't be till feb 2019
but I'm on higher floor. Has anyone heard anything about the rental tower is now going to be release and for sale as condo? My real estate agent told me the developer told her that they r releasing E2 condo October this year ....
Therion
Senior Member
It wouldn't surprise me. The condo market is strong, plus the recently announced rent control rules have turned developers off in a big way from building rentals.
If they do switch this to rental from condo, I think this might be the first one for that to happen. The developers have squawked about the rent controls, but it hasn't made any difference to building plans that I can recall so far, and there are still new rentals being proposed.
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innsertnamehere
Superstar
I've seen a few developers making changes. I've also seen a few developers continuing on without caring. It really depends. The impact on the financials isn't as big as it makes it out to be, and it was always a risk that should have been reflected in their proforma. The project wasn't really viable financially as a rental if rent control kills it.
Benito
Senior Member
WillTo
Senior Member
someMidTowner
¯\_(ツ)_/¯
Torontovibe
Senior Member
vamapean
New Member
Make sense
someMidTowner
¯\_(ツ)_/¯
DonValleyRainbow
Senior Member
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