Quote:
Originally Posted by jollyburger
It probably doesn't work with the amount of money they paid for the site and the cash they've dumped into rezoning/arranging financing. Sure market strata sucks right now but how long are they going to sit on the building as a rental?
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Yeah, Anthem way overpaid for the site in 2017 even after the BC FBT came into effect. Dumb.
Those kind of buyers aren't ever coming back in those numbers. Anthem better have a back-up plan.