Quote:
Originally Posted by Mininari
Thats going to be quite an interest (but clunky?) cluster of towers. I'd personally prefer to see one of the Barclay Towers (maybe the one directly beside Patina) be 500', to add a 'third' height tier to this cluster. But that's just me, and I know how the view cones likely don't permit that.
How exactly do we see pre-sales going for this project? Despite the foreign buyers tax, speculation tax, international travel restrictions, if someone with a bucket of cash wants to buy Canadian real estate, there's still no outright BAN on foreign buyers, or local corporate buyers (i.e. BC numbered companies).
The beat goes on?
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This will actually be interesting to see.
Its such a polarizing time.
I can see how RE explodes up aggressively - the amount of stimulus money pumped into the system from central banks over the last couple of months is nothing short of staggering. Easy to make the case of excess cash floating around again and looking to park in any asset that may store wealth.
On the flip side, with unemployment probably around 20% and real demand falling through the floor, also easy to see how prices correct down sharply as buyers are unable to finance purchases, and existing homeowners look to reduce debt loads.
Who wins out? Who knows, I guess we all get to place our bets accordingly.