How is the timeline looking for this project? Initially they mentioned occupancy by first quarter of 2026, which seems impossible…
 
Rbrb said:
How is the timeline looking for this project? Initially they mentioned occupancy by first quarter of 2026, which seems impossible…
Click to expand...
Zero chance. Maybe late 2027 would be my guess just casually based on the number of projects I've photographed over the years.
 
With all this condo prices collapse, people turning away from there deposits, dropping rental yields, what are the chances of this project going ahead? Will there be any changes?thx
 
Rbrb said:
With all this condo prices collapse, people turning away from there deposits, dropping rental yields, what are the chances of this project going ahead? Will there be any changes?thx
Click to expand...
You mean the one that's being built at the moment... Of course it's going ahead just look at the previous page to see that it's being built.
 
thaivic said:
You mean the one that's being built at the moment... Of course it's going ahead just look at the previous page to see that it's being built.
Click to expand...
There have been a number of projects under construction that have failed. Look west to 1111 Clarkson. Shovels in the ground doesn't guarantee completion as a number of buyers learned the hard way.
 
Bloor West Villager said:
CentreCourt is a bit of an anomaly though, with their "build fast, litigate later" approach.
Click to expand...
Correct, however this makes them - if anything - doubly susceptible to the disastrous market implosion we're currently experiencing. By and large, going forward, people don't want what they were selling...
 
Tim MacDonald said:
There have been a number of projects under construction that have failed. Look west to 1111 Clarkson. Shovels in the ground doesn't guarantee completion as a number of buyers learned the hard way.
Click to expand...
You realize that the sales for this building started in the middle of 2023 when the prices were already depressed and the interest rates are already high, if the sales were in the peak of late 2021 then i would tend to agree that it might become problematic.
 
thaivic said:
You realize that the sales for this building started in the middle of 2023 when the prices were already depressed and the interest rates are already high, if the sales were in the peak of late 2021 then i would tend to agree that it might become problematic.
Click to expand...
Nope. Didn't pay attention to when it started selling and it doesn't matter either. If the company can't pay the bills for whatever reason, it can be pushed into receivership. Unexpected costs and cost overruns are a real thing right now. Look what happened with the US putting tariffs on steel. That can easily affect build costs here if there is reciprocity on building materials entering Canada.
 
Tim MacDonald said:
Nope. Didn't pay attention to when it started selling and it doesn't matter either. If the company can't pay the bills for whatever reason, it can be pushed into receivership. Unexpected costs and cost overruns are a real thing right now. Look what happened with the US putting tariffs on steel. That can easily affect build costs here if there is reciprocity on building materials entering Canada.
Click to expand...
I have $10 to wager that this building will be completed. I have been in the building industry for 38 years and working for someone else for 9 years prior and can guarantee that Centrecourt did not go out on a limb to start construction on this project. Centrecourt is one of the most organized builders in the industry and probably the quickest to go from excavation to completion in the GTA. The quality of their product is a different story IMO.
 
Hi,
What’s the opinion here of the future
for this project now and projects like this after tariffs and start of trade war?
 
Rbrb said:
Hi,
What’s the opinion here of the future
for this project now and projects like this after tariffs and start of trade war?
Click to expand...
...what was bad already would likely get much, much worse?
 
Ok, but any updates with this particular project or this builder, recently heard couple more big builders filed for bankruptcy??
 
1000123716.jpg


I see rebar reaching ground level so it should shoot up fairly fast!
 
You must log in or register to post here.

Back
Top