zang said:
Were it only true. In a housing crisis, the wealthy also can't find housing, so they end up occupying middle class housing instead. It just forces wealth brackets to "rent/buy down" below their needs/wants.
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Centre of the universe vibe to suggest Toronto has a supply issue. Toronto is blessed with veteran developers and private equity that have delivered tens of thousands of units per year for as long as I can remember. Affordability is real but, is far too simplistic to summarize as short supply. Rents and ROIs aren't in a place to build profitable affordability.

There are many places in Canada that maintain relative affordability but, don't have the infrastructure to build enough housing to meet the population explosion after decades of slim to moderate growth. There is absolutely nothing available to rent for any price.
 
This is a very good analysis a good example of this is the Collingwood thornberry meaford area where all three towns are currently having to build out new water treatment plants in order to meet growth with both Collingwood and thornberry having to impose water restrictions and building moratoriums as a result
 
UtakataNoAnnex said:
That's why Mr. Au is a champ. While other posters not so much.... <3
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Unlike most posters, my main daily posts, especially those with photos, are very predictable: always between midnight and 12:15 AM EST or EDT, depending on daylight savings, no earlier and no later, though I make posts at other times to supplement my main posts, not replace them. Thus, it’s guaranteed that I will post at that timespan.

This very post is a supplementary post of mine (as it is outside that window of time), not a main post of mine.
 
Johnny Au said:
Unlike most posters, my main daily posts, especially those with photos, are very predictable: always between midnight and 12:15 AM EST or EDT, depending on daylight savings, no earlier and no later, though I make posts at other times to supplement my main posts, not replace them. Thus, it’s guaranteed that I will post at that timespan.

This very post is a supplementary post of mine (as it is outside that window of time), not a main post of mine.
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To be clear, when I mean others...I speak of those who claim, "I get it wrong all the time". Which is odd, because when I /upvote them for something I agree with, must mean they're wrong too. But I digress...

...so I don't mean the majority here who I am mostly fine with. But there are posters I consider exceptional due their commitment, knowledge and social building to our community, that set the example to the rest of us on how we should approach the subject matter that is discussed here. And I say that sincerely, not because I just puffed on a large canoe shaped phatty and getting all philosophical here...but because building knowledge in a place that discusses buildings is much better than tearing down, IMO. And if that makes any sense. <3
 
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Civdis said:
As a purchaser, I am glad it is Tridel. I had some leaked info on this I shared a number of pages back. Glad to hear that some on here think Tridel is good at the interiors. We still have heard nothing about whether or not they are going to honour our contracts?
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They'll probably make that determination when they see how the condo market it fairing closer to occupancy (i.e. many months from now). Until then, they'll hold on to the deposits and keep buyers guessing. If they can eke out a higher price when close to completion, I'm sure they won't hesitate to invalidate the current agreements.
 
Urbia-Suburbia said:
They'll probably make that determination when they see how the condo market it fairing closer to occupancy (i.e. many months from now). Until then, they'll hold on to the deposits and keep buyers guessing. If they can eke out a higher price when close to completion, I'm sure they won't hesitate to invalidate the current agreements.
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They could also add the additional floors and sell them at a higher price per SFT as well.
 
Obsidian said:
They could also add the additional floors and sell them at a higher price per SFT as well.
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I think increasing the height is costly and they're sticking to the original 85 floors. Breaking up the larger top suites into smaller units is already part of the plan.
 
Urbia-Suburbia said:
I think increasing the height is costly and they're sticking to the original 85 floors. Breaking up the larger top suites into smaller units is already part of the plan.
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It's only costly if they don't think they can sell the units right?

As bad as the condo market is in Toronto, this is kind of a special case as it's catering to a very specific niche, so I guess it's a matter of if they think that special niche will bite.

That's my guess, but I'm probably the least knowledgeable person here when it comes to this stuff.
 
C-mac said:
It's only costly if they don't think they can sell the units right?

As bad as the condo market is in Toronto, this is kind of a special case as it's catering to a very specific niche, so I guess it's a matter of if they think that special niche will bite.

That's my guess, but I'm probably the least knowledgeable person here when it comes to this stuff.
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As I've said multiple times in this thread, they were never feasible to begin with. The building wasn't engineered to take the additional floors. The height increase was nothing more than a last minute attempt to convince investors not to bail.
 
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