215 Lake Shore East (Greenland) - Real Estate -

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Mine is like above, I guess the occupancy date won't be later than July 31, 2028, otherwise, we can terminate anyway.
 
Anyone have any idea about the occupancy date? mine is sky suite, mid floors. I have another pre-con with occupancy in 2026, stressful😪
 
Any estimation on the occupancy date for Sky suite, the one with 54 storys? The builder will not inform us the firm occupancy date till 2-3 months before the actual occupancy date.
 
Heck no - I’m already in the south side of QQE, so not in the market. Just curious what prices and floor plans look like and found it really odd they had nothing listed for sale. Aqualuna delivered and still has plenty of options for sale from Tridel (let alone resale).
 
Feels like the developer’s just sitting on those unsold units, waiting for the market to bounce back. No one’s buying pre-con right now, so why would they sell? And if things do turn around, you can bet they’ll hit current buyers up for more money. This project’s been dragging forever. I don’t see how they make a profit with everything getting pricier from inflation, tariffs, and delays.
 
TheSix said:
Feels like the developer’s just sitting on those unsold units, waiting for the market to bounce back. No one’s buying pre-con right now, so why would they sell? And if things do turn around, you can bet they’ll hit current buyers up for more money. This project’s been dragging forever. I don’t see how they make a profit with everything getting pricier from inflation, tariffs, and delays.
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Keep in mind Pinnacle bought this development in a fire sale. Either Greenland sold out phase 1 or Pinnacle is not ready to sell any units - I reached out and rather than confirm a sell out they simply said nothing is for sale at this time and delivery is within the next year.
 
TheSix said:
Feels like the developer’s just sitting on those unsold units, waiting for the market to bounce back. No one’s buying pre-con right now, so why would they sell? And if things do turn around, you can bet they’ll hit current buyers up for more money. This project’s been dragging forever. I don’t see how they make a profit with everything getting pricier from inflation, tariffs, and delays.
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I’ve gone through the sales contract again, and it’s quite clear on the matter of price adjustments and fees. The agreement outlines specific scenarios where the vendor can adjust the final amount payable, such as development levies, utility connection fees, administrative charges, and HST rebate eligibility. These are detailed in Schedule B and other sections of the contract, and they are all tied to actual costs or purchaser-initiated upgrades—not market conditions.

Importantly, the contract does not seem to allow the vendor to adjust the sales price based on changes in market value or external economic factors. The purchase price is fixed at the time of signing, and any adjustments must be directly linked to documented costs or regulatory requirements.
Pinnacle’s letter indicates that they would honor the terms of the original sales contract. If that’s the case, it’s unclear how the builder can now ask for additional money beyond what’s contractually permitted. Unless there’s a material change as defined under the Condominium Act—which would entitle the purchaser to terminate the agreement—there doesn’t appear to be any legal basis for increasing the price.

So under what authority or clause the builder is relying to request more funds?
 
hw621 said:
I’ve gone through the sales contract again, and it’s quite clear on the matter of price adjustments and fees. The agreement outlines specific scenarios where the vendor can adjust the final amount payable, such as development levies, utility connection fees, administrative charges, and HST rebate eligibility. These are detailed in Schedule B and other sections of the contract, and they are all tied to actual costs or purchaser-initiated upgrades—not market conditions.

Importantly, the contract does not seem to allow the vendor to adjust the sales price based on changes in market value or external economic factors. The purchase price is fixed at the time of signing, and any adjustments must be directly linked to documented costs or regulatory requirements.
Pinnacle’s letter indicates that they would honor the terms of the original sales contract. If that’s the case, it’s unclear how the builder can now ask for additional money beyond what’s contractually permitted. Unless there’s a material change as defined under the Condominium Act—which would entitle the purchaser to terminate the agreement—there doesn’t appear to be any legal basis for increasing the price.

So under what authority or clause the builder is relying to request more funds?
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Curious though if inflation in utility connection charges, development fees, even the final finishes qualify based on that clause? My guess is yes based on this story (apologies if sharing this link violates any rules I’m not aware of):
CBC Story
 
Diablo1983 said:
Keep in mind Pinnacle bought this development in a fire sale. Either Greenland sold out phase 1 or Pinnacle is not ready to sell any units - I reached out and rather than confirm a sell out they simply said nothing is for sale at this time and delivery is within the next year.
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When a developer doesn't say, "we are sold out", it means they are not sold out... It's only an advantage to them to advertise this. The fact that they're being very hush hush gives me pause on what's in store for purchasers.
 
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