ESPNGuy
New Member
BS
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So its 2010 where are all the new condo's flooding the market
- Thread starter ESPNGuy
- Start date
urbandreamer
recession proof
Well duh, they're not completed yet. By 2010, they mean Summer/Fall/Winter/Spring 2010-11. See all those buildings nearing the top or with cranes just taken down, like MLS, CP, West Harbour City, 550 Wellington, 75 Portland, Vu etc...?
299 bloor call control.
Senior Member
It's the first week of 2010. People are still nursing hangovers from New Years. The bulk of the stock probably won't come onto the market until the latter half of the year. That said, units are starting to come on stream.
Mike in TO
Senior Member
In 2010 current forecasts are for approx 27,000 occupancies. That will blow away 2009's estimated (final numbers aren't in) 12,500 occupancies and the previous records which were just over 15,000 in both 2005 and 2007.
cdr108
Senior Member
that comment is a joke, right?
what were you expecting ... 01.01.2010 @ 12:01 AM, thousands of condos would suddenly be completed ?!?
as others have said, the units will be completed/registered throughout the whole year.
zeeden
Active Member
go back to watching ESPN
kondoz
Active Member
touche
daveto
Active Member
Yeah! Where are all those new condos!!
And 2010 has the coldest avg temp in HISTORY compared with all other years!!!! What's up with THAT!!!!!
And 2010 has the coldest avg temp in HISTORY compared with all other years!!!! What's up with THAT!!!!!
TorontoMike$$
Active Member
Investers are holding. There will be no flood. Lock in a nice 5 year rate and ride the wave up. London registered only 15 units came to market!!! Same will happen to MLS, Murano, X etc.. The exception will be Cityplace because that product looks 1ike a ten year old building in about 2 years after reg
iSlutsky
Chit-Chatter
What condos flooding the market are you talking about? Flooding is a strong word.
There are many buildings, which started prior to "The Great Recession", which are completing/registering this year (to add to UrbanDreamer's list
While this will bring new product on to the market, many of the purchasers at these buildings were end-users who will actually be living in the units. The question is, how many new suites will be completed...
RealNet says: 27,000*
Urbanation says: 17,000 to 19,000*
Doesn't sound like a "flooding" to me..
*Globe and Mail source
There are many buildings, which started prior to "The Great Recession", which are completing/registering this year (to add to UrbanDreamer's list
While this will bring new product on to the market, many of the purchasers at these buildings were end-users who will actually be living in the units. The question is, how many new suites will be completed...
RealNet says: 27,000*
Urbanation says: 17,000 to 19,000*
Doesn't sound like a "flooding" to me..
*Globe and Mail source