Quote:
Originally Posted by Biff
Man shut up already, you go on and on.....
Welcome to the forum π (I will call you Pie). I only know the 3.14 part.
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This forum is amazing.
If anything, I'd surprised the investors didn't get more return, condo prices have gone up 50% over the past 5 years in Toronto.
Anyway, just because they have the sales, doesn't mean they can convince a bank to give them over $100 million for a construction loan.
The St. Regis is a less ambitious project, let's see if they can get it started or not. CentreVenture is ensuring that project must have financing in place before demo, so demolition will be a positive sign for the overall project.
When SkyCity gets above grade, I may still consider buying one, I doubt I'll see a project this ambitious downtown before I die!
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