Posted Oct 9, 2012, 10:43 PM
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gettin' rich!
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Join Date: Aug 2002
Location: Toronto
Posts: 34,204
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Even at the beginning of the condo boom, we could have sold out this building 5 times over 10,000 units plus. And even if our sales come down by a predicted 25% we're sell selling over 22,000 units per year. That would fill this building 10 times over if the sales were in just one year.
If you average the sales out over 3 years, the market can easily absorb these new units, even though trending down. Just the sales cycle should be calculated out a little longer.
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