Quote:
Originally Posted by Innsertnamehere
Hmm. Wonder why the switch. Doesn’t bother me much either way, but I do question how many condo units can be absorbed at once downtown with this launching and 41 Wilson. Combined they are over 1,500 units... then there are the other projects in the wings with imminent launches like Corktown, 71 Rebecca, City Centre..
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Keep in mind we don’t really know
when they are selling. As far as I am aware, Cobalt hasn’t actually had a single unit sold, but the signage has been up for 2(?)+ years now.
I imagine it could the same thing here. Spend a few years collecting names, and then sell when the building is, or is close to, completion — and when the market is likely to have gone up further. If you’re like LiUNA and have the money to build without pre-sales… why would you sell for less?
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