Benito
Senior Member
Overseas sales hit the market once again!
And the Realtors say that only 5% of sales are from foreign purchasers.
Overseas sales hit the market once again!
And the Realtors say that only 5% of sales are from foreign purchasers.
But why do you assume it's all foreign buyers? There are plenty of Canadian citizens buying up condos before launch. I've done it before along with many friends. As long as there are no actual data people are going to run with whatever narrative is convenient.
Most condos are sold before they hit the market.
Exactly, I know numerous people who own and rent out multiple condo units in Toronto. They all live in the GTA.
But why do you assume it's all foreign buyers? There are plenty of Canadian citizens buying up condos before launch. I've done it before along with many friends. As long as there are no actual data people are going to run with whatever narrative is convenient.
Most condos are sold before they hit the market.
The office isn't officially open but apparently all available units have been spoken for by brokers, even before OMB decision. Interesting how they can secure funding, sell units and yet no involvement from the general public. This funny money, according to TREB, has no impact on Toronto's real estate market.
I know people who work in real estate and they all tell me that figure is not true and everybody knows it . It's obviously much much higher! I've even heard people speculate that over 50% of the new condo market is foreign buyers.And the Realtors say that only 5% of sales are from foreign purchasers.
I know people who work in real estate and they all tell me that figure is not true and everybody knows it . It's obviously much much higher! I've even heard people speculate that over 50% of the new condo market is foreign buyers.
Today they are taking down the large sign at the corner of Front and Lower Sherbourne. Odd!
Did they say that they are going to build Phases 1 and 2 concurrently (at same time) or consecutively (one after the other)? (With occupancy of phase 2 following after Phase 1.)The sales office was open to the public today. I walked in and asked some general questions. I was told phase one is entirely sold out and phase two is going on sale to the public next week. They're planning on building phase one and two consecutively, just the occupancy in phase two will be staggered behind phase one. At least thats what the salespeople are saying.
Did they say that they are going to build Phases 1 and 2 concurrently (at same time) or consecutively (one after the other)? (With occupancy of phase 2 following after Phase 1.)