Quote:
Originally Posted by planarchy
You can't register the condo until 51% of units are sold. At that point it is registered and a condo board formed. Until that time, all owners rent their units from the developer - so they pay rent instead of their mortgage, and this can go on for a long time if sales are slow.
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I've heard closing dates for those already in the building (currently as renters) are sometime in the spring. I walked past the other day and it really doesn't seem like much has been done from the outside... balconies are still missing and aside from the public art and some grass poking though a protective cover, it looks very much still under construction with debris everywhere and clearly unfinished first floor patios. I pressed my nose to the glass at the entry (was weird to descend steps to the entry... psychologically, I'd expect to go up...) and saw that interior corridors appear to be in the caution-tape and exposed unsealed (dusty) concrete level of finish.
I'm sure the story is that they are working on the interiors of units, but I would expect that the trades working on the inside should be different from those completing the exterior, no?
This is in my neighbourhood and it is taking a long time to complete. I hope that the residents will add to what feels to me to be good growth along Agricola. Harris East appears to be moving at a RELATIVELY quick pace, though I could certainly stand for it to go faster as well.