Where are those 4 projects?
The north side of Kingston is bad after where Danforth merges. But the main problem is securing real estate for condo projects, because many of the stores are individually owned. In order to get a decent sized property for a condo, it would take buying up multiple properties from multiple owners. This is not an issue on the south side, because the lots are bigger and entire malls are owned by single owners. Apparently, some don't care that they don't necessarily bring in big rental amounts, because they are counting on the appreciation of the land upon sale. They toughed it out all those years until the City of Toronto finally rezoned it to allow 12 storey residential.
BTW, on the waterfront on Fishleigh (south of this condo building), a builder reno-and-flipped detached 2-storey home was listed for $2.99 million. I'm not sure how much it sold for, but one neighbour mentioned it wasn't far off list price. If so, that is a remarkable increase since I've lived in the neighbourhood (mid 2000s). It seems that prices in that general area are increasing
faster than average, proba
bly because it is a nice area with mostly single-family homes on big lots and is relatively close to the downtown core. I don't know if those price increases will necessarily get reflected in condos there, but it's hard to gauge because there aren't a lot of condos against which to compare.