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+--- Thread: TEK Tower (30 Francis) | 45 fl | U/C (/showthread.php?tid=1537)
RE: TEK Tower (30 Francis) | 45 fl | U/C - panamaniac - 08-11-2025
(08-11-2025, 05:50 PM)Momo26 Wrote: Well, people will have to manage.
Literal worse case is someone absolutely cannot close and they sell to someone that can at a major loss or bankruptcy and bank sells. Units may stay empty during all that.
Better case is owners manage. They bleed 1200 to 2k a month renting it out at the going rate (about 1600 to 2300) and just take the perpetual L. There is a slight blip in the condo resale market in 2 to 5 years and they sell for 100 to 150k loss + the thousands/year they were in red monthly.
CRA might take issue with that.
RE: TEK Tower (30 Francis) | 45 fl | U/C - tomh009 - 08-11-2025
(08-11-2025, 07:25 PM)panamaniac Wrote:(08-11-2025, 05:50 PM)Momo26 Wrote: Well, people will have to manage.
Literal worse case is someone absolutely cannot close and they sell to someone that can at a major loss or bankruptcy and bank sells. Units may stay empty during all that.
Better case is owners manage. They bleed 1200 to 2k a month renting it out at the going rate (about 1600 to 2300) and just take the perpetual L. There is a slight blip in the condo resale market in 2 to 5 years and they sell for 100 to 150k loss + the thousands/year they were in red monthly.
CRA might take issue with that.
It would be a business loss. Assuming that one is declaring the real estate activities as a business on the tax returns. If one were simply using them as an investment, then it would be a capital loss (but I don't think that works with rental income, as low as it might be).
RE: TEK Tower (30 Francis) | 45 fl | U/C - GtwoK - 08-12-2025
(08-09-2025, 04:44 PM)ac3r Wrote: Live in it, rent it to jeets...same result, really. None of these projects produce anything of value for the overall community.
So we're just doing full on racism on here now?
RE: TEK Tower (30 Francis) | 45 fl | U/C - the_conestoga_guy - 08-12-2025
@Mods, is there any way to actually block people from appearing in quoted posts who I've gone out of my way to block? It makes me feel gross to participate in feeds where content like this appears.
I don't expect people to receive bans if they haven't already been handed out at this point. I'd like to at least salvage a positive forum experience for myself.
RE: TEK Tower (30 Francis) | 45 fl | U/C - CuilTard - 08-12-2025
Just noticed those panels are going up at the top, too:
![[Image: LeHwckr.jpeg]](https://i.imgur.com/LeHwckr.jpeg)
RE: TEK Tower (30 Francis) | 45 fl | U/C - dtkvictim - 08-12-2025
(08-12-2025, 03:22 PM)the_conestoga_guy Wrote: @Mods, is there any way to actually block people from appearing in quoted posts who I've gone out of my way to block? It makes me feel gross to participate in feeds where content like this appears.
I don't expect people to receive bans if they haven't already been handed out at this point. I'd like to at least salvage a positive forum experience for myself.
Quotes are just a copy of the original post and not permanently linked to them, so it's not possible to remove with 100% accuracy. I'm sure someone could make a MyBB plugin to do this automatically, but if you're willing to install a Tampermonkey script (or have some other way to automatically run Javascript) then you can use this to block quotes. Just update the "blocklist" line for anything you want filtered out.
Code:
// ==UserScript==
// @name WRC Block quotes
// @namespace http://tampermonkey.net/
// @version 2025-08-12
// @description Blocks quotes containing matching strings
// @author You
// @match https://www.waterlooregionconnected.com/*
// @icon https://www.google.com/s2/favicons?sz=64&domain=tampermonkey.net
// @grant none
// ==/UserScript==
(function() {
'use strict';
const blocklist = ['ac3r', 'example_second_user_to_block'];
for (const quote of document.getElementsByTagName('blockquote')) {
const foundUser = blocklist.find(u => quote.textContent.includes(u));
if (foundUser) {
quote.innerHTML = `Removed because "${foundUser}" appeared within the quote`;
}
}
})();RE: TEK Tower (30 Francis) | 45 fl | U/C - Kodra24 - 08-12-2025
It's a shame the same panel style will be at the top as well, not a fan of it at all
RE: TEK Tower (30 Francis) | 45 fl | U/C - westwardloo - 08-13-2025
(08-12-2025, 07:27 PM)Kodra24 Wrote: It's a shame the same panel style will be at the top as well, not a fan of it at all
Yeah that is a bit disappointing, but not surprising. I wish they would have incorporate a lighting feature in the crown of this building. Just a simple vertical LED lights that can be programed to different colours.
RE: TEK Tower (30 Francis) | 45 fl | U/C - ac3r - 08-21-2025
I can't believe it looks bad either.
RE: TEK Tower (30 Francis) | 45 fl | U/C - Momo26 - 09-09-2025
When is occupancy poised on this one again?
And with condos continuing to slide, even if this one had blanket approvals at purchase time, how will buyers deal with the reality that the price per sqft they paid is anywhere from 50 to 100% more than the going rate in other, new(er) buildings in DTK (with similar amenities)?
RE: TEK Tower (30 Francis) | 45 fl | U/C - panamaniac - 09-09-2025
Firesale! Everything must go! Make an offer!
RE: TEK Tower (30 Francis) | 45 fl | U/C - nms - 09-09-2025
(09-09-2025, 01:27 PM)Momo26 Wrote: When is occupancy poised on this one again?
And with condos continuing to slide, even if this one had blanket approvals at purchase time, how will buyers deal with the reality that the price per sqft they paid is anywhere from 50 to 100% more than the going rate in other, new(er) buildings in DTK (with similar amenities)?
If they purchased a unit and planned to live there while paying the mortgage, then they will be fine unless they try to sell and move elsewhere.
If they purchased a unit and expected to either flip it right away, or to rent it out at a price that covers the mortgage, they may be out of luck.
If they purchased a unit and counted on renting it to Conestoga College students, they may be out of luck.
RE: TEK Tower (30 Francis) | 45 fl | U/C - creative - 09-10-2025
Units in DUO tower C, Station Park showing up on Realtor.ca for over $1000 per square foot. This is going to be a tough sell as well.
RE: TEK Tower (30 Francis) | 45 fl | U/C - Momo26 - 09-11-2025
(09-10-2025, 08:23 AM)creative Wrote: Units in DUO tower C, Station Park showing up on Realtor.ca for over $1000 per square foot. This is going to be a tough sell as well.
Indeed
I like to see what's happening across Ontario as a comparison. Interestingly a developer is trying to get rid of final units (fair #) in a project in Oakville and a 1bed (albeit not best unit) starting at 319k with parking. That's wild considering similar mid rise projects in Oakville sold for 450k in 2020 precon.
The one beds go to about 470k with what I would consider the min functional layout at around 400k.
All in all about $750/sqft.
RE: TEK Tower (30 Francis) | 45 fl | U/C - tomh009 - 09-11-2025
(09-09-2025, 01:27 PM)Momo26 Wrote: When is occupancy poised on this one again?
And with condos continuing to slide, even if this one had blanket approvals at purchase time, how will buyers deal with the reality that the price per sqft they paid is anywhere from 50 to 100% more than the going rate in other, new(er) buildings in DTK (with similar amenities)?
I don't think quite 100%. Maybe 25% plus, depending on the particular unit and when they bought.
Or maybe someone has done an actual comparison?