urbandreamer
recession proof
It's a sign the peak of the condo market has hit...for now. Luxury market in this area must be slowing down; then consider the high labour costs and lack of quality trades. Anyhow, the first of many cancellations?
It's a sign the peak of the condo market has hit...for now. Luxury market in this area must be slowing down; then consider the high labour costs and lack of quality trades. Anyhow, the first of many cancellations?
or a sign of the office vacancy rate hitting record lows ... we aren't "special" like Vancouver where selling condos yields a greater return than leasing office space.
I still find this rumour hard to believe
No offense but, it's still a rumour unless it comes directly from the developer. Anyways, I find it hard to believe as its been a month since 150 Bloor went in front of the CoA. Why then did the developer even bother as things don't change that quickly? (not to mention emptying the building of tenants which shows intent)
Is the current building still an office though?
Or did they already vacate the buildings i.e. are they both empty - and what about the retail at the bottom, are they still present?