I can't argue as I have no facts to back me up -- but I'd wager there are a LOT of investors and speculators who bought into this building. This is exactly the type of project that attracts them. I would estimate the actual number of owner/occupants to be lower, but again, that is just my impression based on experience with similar projects.There's no racket, hardly any speculators, not many investors. Most of the people living in the building are empty-nest couples or young couples, sometimes with a kid (rarely more than one). I'd estimate that 50-60% of the units are owner-occupied.
I get all that, and this building certainly has a high number of Asian and/or immigrant occupants who are not as interested in larger spaces and yards and such (I am born and raised NA, but also prefer the condo lifestyle). But value is value. It's not just the lack of space -- I just don't see why these units (I've seen the photos -- they are "nice", but certainly nothing amazing) are "worth" $1000+ per square foot, other than having some sort of novelty factor due to the height and unique building design. There are many buildings that are (arguably) better build quality, have better management, and share the same location and conveniences.The units aren't cheaply-built. You're not living in crazy luxury, but the apartments are all really nice...Your idea that a bigger home is better is very uniquely North American...
https://urbantoronto.ca/forum/threa...-rosario-varacalli.4829/page-170#post-1257292Remember that new format Metro that was supposed to open on the second floor with all these neat market substations all around the perimeter including independent brand name retailers,... well, one of them appears to have deserted and found a new home,..... nope, not talking about the LCBO,... yet,.... the Starbucks kiosk that was supposed to be near the top of the escalator area,... now officially gone,.... look like they're officially going underground,.... as part of TTC's Sheppard-Yonge Subway Station!
As per my previous post, LCBO still haven’t set a specific opening date (publically) yet (I was conservatively guessing mid-October based on this LCBO store’s position in their LCBO Opening Soon website). Technically, the LCBO store’s renovation has been done,.... 3.5 years ago! All it needs are cash registers, staff and most importantly Stock!!! They could open within a week if they wanted to.One of the Emerald Park tenants told me today that the LCBO was opening in late September or early October and that there would be a supermarket also, though not necessarily Metro. Has anyone heard about any of this. She seemed quite excited about the prospect of more business.