Toronto Tretti Condos | 47.85m | 16s | Collecdev | gh3

Plenty of quality materials and attention to design detail in this one...but the monotonous charcoal-black imparts quite an oppressive totalitarian feel. River City this certainly isn't, despite superficially similar vibes.
 
Two southernmost look done. North one is wrapping. I do like the buildings but the dark cladding does feel a tad oppressive even in person.

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Has anyone recieved a Waiver of Delayed Occupancy Closing Date agreement on January 18th?

The email from CollecDev is asking buyers to sign within 48 hours?!
 
xyll said:
Has anyone recieved a Waiver of Delayed Occupancy Closing Date agreement on January 18th?

The email from CollecDev is asking buyers to sign within 48 hours?!
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I didn't sign it. I think the builder isn't doing us any favours and expects to delay
 
xyll said:
Thanks!

I also emailed asking for details on occupancy costs and got no reply.
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Occupancy costs would be an estimate of property taxes, interest portion of mortgage, common fees. Less than what's you'd pay after starting your real mortgage. We get $150 per day they delay after the interim occupancy up to $7500. It's a gamble honestly on whether they expect to delay closing of the building a lot.
 
Thank you!

Just got a response from CollecDev and they said the occupancy costs per month will be between $2700 to $3000.

This sounds high to me or am I out of the loop?
 
xyll said:
Thank you!

Just got a response from CollecDev and they said the occupancy costs per month will be between $2700 to $3000.

This sounds high to me or am I out of the loop?
Click to expand...

Occupancy costs nearly always include interest on the outstanding balance. So if you owe $600,000 and the typical mortgage interest rate is 5%, then it's $2500/month for that component, plus another $500 for maintenance fees and property taxes.
 
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