Quote:
Originally Posted by Chadillaccc
Those buildings are in a different city governed by very different rules.
My question about them is, are they realistic at all? Claridge Icon is coming up on a year and a half of sales and from what I know, it's not even at 50%
Condo overload?
Sluggish sales aren’t stopping builders from forging ahead with more launches
BY PATRICK LANGSTON, OTTAWA CITIZEN
Full story: http://www.ottawacitizen.com/business/Condo+overload/9107283/story.html
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The tallest building in Ottawa Gatineau is across the River in Hull, Terrace de la Chaudière (124m/406ft-30 floors). In downtown Ottawa, there are about 7 towers taller than the Peace Tower (ranging between 112m/367ft and 93m/305ft). It's not as much about the height, but more about the view planes.
As for whether we can sell a 40+ story condo tower, the problem is that Ottawa's market is in a slump with tighter lending rules, federal layoffs and an overload of condo projects. I predict that 5-10 years from now, Ottawa's economy should pick up.