Quote:
Originally Posted by danishh
richcraft has a website up for this building
https://www.parkdalecollective.com/
note - it is listed as RENTALS
it seems most builders have given up on new condos over the past 2-3 years. New condo supply has been pretty limited since the pandemic.
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I actually had a chance to speak with one of the sales leads at a major development, she works for an agency that has at one point or another sold condos and new build homes for all the major builders.
She said the highrise development pipeline until about 2026 is
almost entirely rental. However, her agency is now seeing developers planning for that to change in 3-5 years with a major swing back to condos, so some development proposals originally pitched as rental are now being tweaked with that in mind. Apparently unit sizes, amenities, and parking requirements are different between rental and condos.