Quote:
Originally Posted by WhipperSnapper
The cost of the extension has already been incurred?
$60 to 100 million per floor?
Condo market remains in the toilet. The creditors here are actively looking to cash out than to take on and complete the tower. Construction continuing unabated to 85 storeys would be a win. 91 or even higher would benefit from a extended pause, an auction type sale and, time for the market to have another hot spell.
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Lol 😆 you know what I meant. I meant the initial construction costs, planning, permits, design and finance costing were already incurred. Yes there will be costs to go higher but those would be offset by the sales of units on those floors.
As for the condo market, yes I agree with you, the condo market is for dogs. But the super rich, the ultra rich billionaire class is the market for this tower so maybe the impact is not the same, as those guys are earning money hand over foot and with Trump back in the Whitehouse they will be getting billions or even trillions in tax cuts so they can invest that money in downtown Toronto real estate.
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