- Apr 25, 2007
- Reaction score
Gee, for goodness sake its already 55% sold in what 2 months?
Sure. Although, 1 Bloor East (the first iteration) was completely sold out right up until all those contracts were made null and void.
Point being, regardless of anything else that happens, excavation will proceed. No giant pit will be left behind in a market crash. The mall alone makes construction worth doing.
That said, is that 55% by dollar value or unit count? Released units only or including unreleased stock? Pretty significant difference between selling those $1M 1-bedrooms near the base and the $30M penthouse units at the top. Financing threshold is (roughly) by %age of construction cost.