[Johnny Au]

October 4, 2024:

 

[christiesplits]

Yesterday.

 

[AlbertC]

 

[Downtown Toronto]

November 18 2024.

 

[AlbertC]

 

[AlbertC]

 

[Johnny Au]

December 21, 2024:

 

[christiesplits]

Christmas Day.

 

[AlbertC]

These are so sleek. They can be situated anywhere in the city and they'd still look standout good.

 

[Northern Light]

Adrian.......Fitzrovia's CEO got himself and this particular proposal a feature article in The Star:

Three new Toronto rental towers will focus on two- and three-bedroom units. Here’s why the developer sees a future in renting

The complex near Yorkdale mall will have multiple daycares, a Raptors-designed basketball court, and virtual health care that's included in the rent.

www.thestar.com

You too can rent here for $3,500 a month for a 2 bdrm or $4,500 a month for 3 bdrm.

 

[AlbertC]

Sheesh, the arm and leg mark up pricing to live close to a Costco these days

 

[guavadelic]

They might be forced to lower the rents somewhat in the coming years as more and more purpose-built rental units come online. Will likely take time though with the low-vacancy rates that exist currently.

 

[Undead]

"virtual healthcare"

 

[maestro]

They might be forced to lower the rents somewhat in the coming years as more and more purpose-built rental units come online. Will likely take time though with the low-vacancy rates that exist currently.

There's not much meat on the bone to lower rents considering the high cost of construction. Incentives and freebies will be offered instead of rent reductions. They both affect income. One looks much worse on paper as an investment. Toronto has had extreme low to low vacancy for a half century. It's unlikely vacancies for purpose built rentals will reach the 8 to 10% to put the renters in control over the landlords.

 

[Northern Light]

There's not much meat on the bone to lower rents considering the high cost of construction. Incentives and freebies will be offered instead of rent reductions. They both affect income. One looks much worse on paper as an investment. Toronto has had extreme low to low vacancy for a half century. It's unlikely vacancies for purpose built rentals will reach the 8 to 10% to put the renters in control over the landlords.

Broadly, I agree.

Though, in this particular case, the rents seem to align with what I would expect if this were downtown or close to it, rather than at Dufferin and 401.

I do wonder how lease-up is going here. The ask does seem a bit steep in the current market.