250 King East | 139.5m | 43s | Emblem Developments | IBI Group

Northern Light

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I wonder how much the City of Toronto's new development charges affect these new projects.

They won't affect anything that already has its approvals in place. They could, in theory, affect future proposals or those now in process; but really, demand / the market will be far more relevant.
 
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ADRM

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They could, in theory, affect future proposals or those now in process; but really, demand / the market will be far more relevant.

...and while government costs are a significant component of the cost side of the development pro forma, they are substantially lower than financing and construction costs. When you go to tender and when you lock in your rates (with the fast rise of the latter being an especially relevant factor in the market right now) are the massive questions du jour.
 

Northern Light

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So, as part of settlement before the OLT, this one was given the 'H'. (A holding provision that says approval to proceed is withheld until certain conditions are met).

The applicant has now filed to 'Lift the H'.

There do not appear to be any material changes since last summer.

Most of the tie-up appears to have been minor details on the Functional Servicing Report.
 
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EddyMCD

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I wonder if they even want to proceed with this right now with the precon market hurting right now. They might get all the approvals and then sit on it.
 

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