Quote:
Originally Posted by caltrane74
Can't wait for some more skyscrapers to begin construction....
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It will probably be a slower year for GTA construction starts.
Pre-construction condo sales were down 80% in Q3 2022 (sales are still at decade lows AFAIK) and offices, while single floors are leasing, very few large blocks (> 30k sqft) are moving. Nobody is even considering signing 500k sqft. A number of purpose-built rentals seem to be moving ahead but none of those will make this list.
That said, there are a few with firm contracts currently in demolition like Sugar Wharf.
Lots of condo buildings will be registered this year. We'll get to see if investor/flippers are able to break-even or not. If this group takes non-trivial losses (due to severe leverage) it might be a few years before pre-construction condo sales ramp up again.
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