Quote:
Originally Posted by Ziobrop
its not just condos, but apartments and houses. I think people tend to set window coverings to a preferred layout, and don't touch them.
For those implying that drawn curtains are an indication of unsold units - i would suggest its quite the opposite. Builders don't typically install window coverings, its an expense for the new purchaser. I would say lack of drawn curtains is a bigger tell.
As for units not selling - i suspect that is the case - on some projects. St Lawrence place looks pretty empty, but I'm not sure the Market for that building wants to live in that part of Fairview.
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Agreed on all counts. I think QLofts is another one that has had some trouble; this one in the north end.
But for most, I don't believe the conspiracy. I think there is development because there has been proven demand (coupled with some measure of opportunism in the sense that its cheaper to build now with low interest rates). IMHO the conspiracy doesn't work not just because it doesn't seem to be jiving with what is being reported or people's own experience in the market, but simply because Canadian banks are very conservative about financing and lending on big real estate projects, especially with concerns about "bubbles" in real estate across the country.
If condo units aren't selling, banks are going to figure it out very quickly. They're not local credit unionists; they have sophisticated means to ensure they're protected and they're not throwing good money after bad.
This isn't the U.S. and this is not those halycon days pre-2007.