ADRM
Senior Member
There is effectively no condo market in Toronto at present and no one really knows when there might be again, or what it will look like when it does reappear. Fundamental shift.
I'm embarrassed to say I've never been to Pennies. The moment the weather is patio friendly, one of my many booty shorts will be getting planted there!
crazy that this project is so well located (not taking into account size and layouts here) and has only sold 7% of units and is still active. surprised it hasn't been officially cancelled and reworked.
totally agree, just saying that even in this market... this particular building performed terribly relative to everything else despite having many redeeming qualities.Inexperienced developer who were not a proven name in the industry and missed the boat on when the market was more robust. If they launched the project a few years earlier then they may have had a chance.
Inexperienced developer who were not a proven name in the industry and missed the boat on when the market was more robust. If they launched the project a few years earlier then they may have had a chance.
The floor plans do not help at all.Inexperienced developer who were not a proven name in the industry and missed the boat on when the market was more robust. If they launched the project a few years earlier then they may have had a chance.
Urbanation tracks pre-con sales relatively accurately from my experience. this is where that % was taken fromI know someone who bought a unit here and he said the completion date was deferred to 2029. I’m surprised that the developer hasn’t cancelled the project. Where do you get the information that it only sold 7%? Don’t most precons get cancelled if they don’t sell 75% by a certain date?