I
investor
Guest
Yes, the only explanation possible for any development in the city is massive money loss. Kudos for making such an astute observation on the basis of a muddy hole in the ground.
Easy Hydro. Stick to things you know about.
The key to making money in the condo dev business is locking in costs fast because your revenue is pretty much fixed before a shovel hits the ground. The fact is this project looks incredibly delayed and that will eat into the slim margins that these marginal condo projects generate. Ask the developer how many of his projects were profitable. You'd be shocked to know the answer.
I suppose in your little 'wow, Donald Trump is rich because he owns all those buildings with his name on them!' world every registered condo is a home run of untold millions but in reality it's a sprint to the finish for slim margins.