Toronto Forêt | 144.95m | 41s | Canderel | BDP Quadrangle

the excavator was digging today
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SaugeenJunction said:
Spoke to two of the workers on site today, and “groundbreaking is expected very soon”.
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No permits issued yet.

The 'New Building' permit does show activity as at April 9th, which is the first activity on any permit in awhile.

***

I still don't see how they could have sales here to support this or get construction financing, but maybe @ProjectEnd knows.
 
Build it and they will come! Both buyers and permits, that is... /s
 
ProjectEnd said:
~35% currently. Lots of ways to get inventive to get that number up but I'm not personally aware of anything either party is pursuing right now.
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With RE reports indicating 8 years of condo inventory, either this is posturing in line with HST rebate and a wink or two from politicians and bureaucrats or perhaps builder is reckless and suicidal to risk their business for one project in a dead market. Perhaps they are out to debunk research reports because they know something that public does not...i wonder
 
arshadrk said:
With RE reports indicating 8 years of condo inventory, either this is posturing in line with HST rebate and a wink or two from politicians and bureaucrats or perhaps builder is reckless and suicidal to risk their business for one project in a dead market. Perhaps they are out to debunk research reports because they know something that public does not...i wonder
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New inventory really starts to dry up by 2028/2029 based on currents starts… maybe they are gambling on that?
 
SaugeenJunction said:
New inventory really starts to dry up by 2028/2029 based on currents starts… maybe they are gambling on that?
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what's the incentive of buying new inventory compared to resale? Prices aren't climbing anymore, and won't be climbing for a while. The market will still be flooded with resale inventory in 2028/29.
 
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