not everything has to be like four seasons, shangri la, king west kind of luxury.It's not a luxury building. I don't think it has been advertised as such anywhere. Luxury buildings are usually boutique buildings where every unit is in the millions, and do not offer units of the average range prices and sized.
The occupancy date given on the initial contract is established before even the building sale starts. It is very common for this initial date to be postponed, in fact i have not heard of any developments that have not pushed the first occupancy date they provided. The developer is required to inform buyers of a revised date only 6 months prior to the previous occupancy date previously provided. Even if they are aware of delays now, they are not required to provide a revised date just yet. From my previous experience with preconstruction, expect at least a couple revised occupancy dates before a firm one is set. It's unfortunate that when buying into preconstruction a lot of buyers are misinformed and have expectations that are not realistic. So far, there is nothing in this development that is out of the ordinary, not explained in the contract or not in line with industry practices in Toronto. And i say this as a buyer, who also is looking forward to move in.
I was hoping for middle-class fancy luxury like untitled, daniels lighthouse,