No, don't work on their marketing team or have any connection with them! We can debate all we want, but the market will decide if the pricing is correct or not.

I do agree the location is an important part of this. We in Edmonton live in a bubble of relative affordability in a sea of affordability. So those people who are in this particular market, and probably more connected to pricing elsewhere, may not just be comparing this to a house price here.
 
Mattyeg said:
Agree with everything being said, but still missing the point that pricing at Clifton is unrealistic… I linked to the complete building sale simply as another metric to point out how off the pricing is. Do you guys work for the marketing team lol? Because your trying really hard to defend something that should be indefensible. So in this building your expected to pay 1-3million more to look at groat road and be Glendora adjacent?


2021spft on 20th floor of symphony for $989,900
3322spft on 53 floor of legends $3,100,000
Westblock unfinished penthouse for 2,249,000. Steal of a del compared to Clifton
And last but not least, a brand new listing
4107sqft One River Park 3.9mil
I know pearl tower has issues but still! 5196sqft! For 1.695mil!
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You decide its unrealistic pricing because you linked some comps lol? Sales by those who can afford + have chosen to buy have decided its not.

Beauty of market economics hey?
 
Oh sorry, did I miss the shovels in the ground announcement?

I’m not gonna bother commenting more until this project is cancelled :) see you then
 
Mattyeg said:
Oh sorry, did I miss the shovels in the ground announcement?

I’m not gonna bother commenting more until this project is cancelled :) see you then
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I don't see it being cancelled. Their sales were strong enough already and I suspect that maybe another unit sold should be enough to get shovels on the ground.
There may not be A LOT of market for things like this here, but certainly there is some, and it's very presumptuous to assume that there aren't enough buyers in a city this size, with how much money goes around here.
Again, there might not be many, but I could think of a few dozen people I know that, if they had the money, they'd buy it (me included), so I would expect that, amongst the people who already HAVE that kind of money, there are some who would be interested. Not everyone wants to be living in some of the places you mentioned previously, and a lot of the people with this kind of money don't really have a single property, anyways.
 
MacLac said:
I’d bet nickels to homeless people that Autograph has tailored this building to a group of buyers who have already expressed interest in purchasing
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cmd uw said:
The price is what the 'market' is willing to pay for it. It doesn't matter what price you, I or anyone else thinks is justifiable or not. The price makes sense to those who are signing the purchase contract. Over n' out.
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Completely concur.
As per pricing, who would want to spend 250 000 000.00 for a penthouse? that is what it costs in NYC's, so put that into perspective.
 
Nope. He didn't.

I think he is saying in a market like Edmonton where the average downtown condo is around $350K, it can be jarring for people to contemplate someone spending $5M+ on a unit...But that same exponential difference in value exists in every market, even NYC where the average condo price may be $2.5M but there are offerings on the market for $250M.
 
IanO said:
Except that it is NYC.
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Doesn't matter... Anywhere will have outliers in the market, and they tend to be relatively proportional.
There's definitely not a market for a whole strip of high-rises with $5M+ condos in Edmonton, but there's definitely a market for a few units (damn, we're talking what? 7, 8 units... in a relatively large, wealthy city, in the wealthiest (per capita) province of the country...).
 
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