Big Daddy
Senior Member
I' m surprised they want to add more floors at a time when the market by all accounts is softening.
Don't believe everything you read in the papers. Demand for downtown condos is driven by many things and most of those things will continue even during a potential softening in sales. Interest rates are still at an all time low and this project is located at a phenomenal crossroad. They could easily sell another 5 floors here and at many of the better locations downtown. I think what will suffer is the poorly designed or poorly located projects. Projects like Mirvish's, Oxford's, Holt's and eCondos should have no problem. Demand isn't gone, it's just getting more selective. This should help drive better projects than we have been seeing.