Quote:
Originally Posted by jsbertram
With the US market melt-down and the financing controversy of the Athletes Village, pre-sales slowed down (along with the rest of the Vancouver market), so Rennie decided to stop actively pushing sales until after the Olympics. I recently received a "Visit us if you're in the neigbourhood" email from them, so they are quietly doing sales during the Olympics, just not doing so much advertising.
I've heard that with so many unsold units still available, they will be sold after the Olympics in stages over 3 to 5 years - depending on the health of the local market.
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I heard something like 200 sales out of 1200-1400(?) units.
The city definitely needs to be able to sell it all at market prices to have a chance of saving their financial skins.
In order to save their political skins they need to replace the social housing with even more units somewhere else.
