Townhomes gonna take major hit... Cheapest ones were 1.5 Million plus developmental fees, closing costs, furniture etc... 20% down = 1.25 million mortgage. At 5.5% fixed rate for 5 years would be close to $7500. Plus maintenance, utilities, property tax, home insurance. $8500 a month is insane.
All to live on a massive construction site for another 10 years.
These are not freeholds or detaches. These are townhomes.
Townhomes can be freehold or condo. I was referring to freehold towns in my post.
What I was mentioning was that these are not freehold townhomes. These are strata townhomes even worse.
It was around 20 cents / sqf. For a 2000 sqf one it would be close to $400. Keep in mind this will at least double within 1-2 years as is the case with new build strata towns unfortunately. Also the strata does not include water, heat, hydro, electricity etc...
From the photos I took December 10th it is a gravel roof.
In the rendering, they depict a green roof at the rooftop of the building, which currently has gravel. I'm curious if the gravel roofs on level 5 and the rooftop will be transformed into green roofs?
Not likely since the green roof at the west end has already been installed.