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He shouldn't get a pass for all the delays and negative noise coming from this project however, multiple union strikes, safety compliance shutdowns and covid shutdowns cannot be blamed entirely on one guy. He's proven to get through some seriously challenging obstacles. There are plenty of...

So much rampant speculation in this thread.

If you were the lender what would you do? Would you simply say OK I'm just going to go power of sale and issue SOC to retrieve the property? How would this advance your position being bogged down in legal battles in hopes of recovering a fraction of your investment? A half built building (in...

3 years ago

That remains a constant for every pre-construction condo project. No different here. I imagine the people who actually wanted to live in this building are more frustrated with the delay than they are pleased with the on paper increase in value.

Not sure if this was posted yet but the penthouse just went up for sale. https://www.realtor.ca/real-estate/23889472/ph-8202-1-bloor-st-w-toronto-bay-street-corridor

No doubt this is taking longer than typical but to assume something dodgy or shady is going on is just speculation. The fact remains that any unsold units are also rising in value tremendously. If we are making random assumptions, then lets say the developer held onto at least 10-15% of the...

The value of the unsold condo units continues to climb so I doubt the developer is bothered by delays.