…the original project was cancelled because the market had bottomed out too. >.<
 
i love the yellow awnings, should add some nice friendly colour to the streetscape. I just hope they keep them clean and fresh like the cafes in Paris. Faded awnings full of pigeon poop don't do it for me.
 
Towered said:
Just how do they plan to build this in a dead market?
Click to expand...
I read a report recently that said ultra high-end real estate in Toronto is bucking the trend that is seeing a massive drop in sales on the lower end of the market. I would consider this project on the ultra-high end of the real estate scale and therefore somewhat insulated.

Whatever the reality by the time all the approvals are received, and they are ready to break ground realistically what are we looking at? Two years at a minimum?

We are just a little over a year from the American midterm elections when I expect the Democrats will win massive majorities in the House and Senate and they will vote to impeach/convict Trump and he will be removed from office. When that happens, the dark economic cloud hanging over Canada will be removed, and our economy and hence real estate market will be on fire like never before!


Here is a link to the report I read: https://www.canadianrealestatemagazine.ca/news/canadian-luxury-housing-07-2025/
 
EBT said:
I read a report recently that said ultra high-end real estate in Toronto is bucking the trend that is seeing a massive drop in sales on the lower end of the market. I would consider this project on the ultra-high end of the real estate scale and therefore somewhat insulated.
Click to expand...

Ultra-Luxury in the Toronto market, as noted in that piece is units at or above $10M each.

No one is paying that for a mass market shoe box in College Park, not even on a high floor, never mind middle/low.

They might well fetch that for large units on high floors, but that's not going to pay off a 96s building.

EBT said:
Whatever the reality by the time all the approvals are received, and they are ready to break ground realistically what are we looking at? Two years at a minimum?
Click to expand...

If GWL were aggressive, and the City were too; they could turn out (get approved) for Zoning by late this year, and SPA Q1 '26.

If the project's go-date were based on sales (ownership tenure) then any start date would be based on hitting 60-70% sales, and that's a big ask here.

If the project went ahead as rental; GWL has the capital to push it ahead by late 2026, but at these heights, occupancy would not be before late '29 at the earliest.

That's all very aggressive.

EBT said:
We are just a little over a year from the American midterm elections when I expect the Democrats will win massive majorities in the House and Senate and they will vote to impeach/convict Trump and he will be removed from office. When that happens, the dark economic cloud hanging over Canada will be removed, and our economy and hence real estate market will be on fire like never before!


Here is a link to the report I read: https://www.canadianrealestatemagazine.ca/news/canadian-luxury-housing-07-2025/
Click to expand...

I'm not sure I would draw that conclusion. There are fundamental problems in the Canadian real estate market that are predicated on a disconnect between income and asset value.

Right now, the effective tariff rate for most Canadian goods going into the U.S. is ~2% with a few notable exceptions such as Steel and Aluminum.

In the event that goes away tomorrow, I don't know that it automatically sends average wages up 15% or more.

I'm not a dire pessimist by any means, but I'm sure I see the causal link here. Toronto's market and Canada's more broadly was in tough shape before Trump's election.
 
Last edited:
EBT said:
We are just a little over a year from the American midterm elections when I expect the Democrats will win massive majorities in the House and Senate and they will vote to impeach/convict Trump and he will be removed from office. When that happens, the dark economic cloud hanging over Canada will be removed, and our economy and hence real estate market will be on fire like never before!
Click to expand...
I think we might be indulging in an slightly unhealthy amount of hopium there, my friend.
 
Rascacielo said:
Only 3 comments on the article so far, but this is like waving a red cape to the 'skyscrapers are bad and ugly' brigade.
Click to expand...

Personally speaking I was a little disappointed not to see a bit more of a critique about the proposal (not on the general notion of having an addition of this nature, but more on the design aspect).

AoD
 
You must log in or register to post here.

Back
Top