10-24-2023, 08:57 AM
(10-23-2023, 09:43 PM)nms Wrote: Given that there are over 200 posts in this thread, I lost track of what the actual building and units will be like. My guess for the reason it's not selling well enough are:
1. Complete lack of parking which means added future costs for the new owners who need to rent from the City lot next door.
2. Unit sizes that don't fit with what people are looking for
3. Unit layouts that don't fit with what people are looking for
4. Interest rates high enough to weed out investment buyers who are hoping to rent their unit out at a price that will cover the mortgage.
It's really only #4/investors in general since they were the only buyers willing to buy early and wait years for completion. Every project is having slow sales regardless of unit details and such. When we looked at Q the parking actual works out to be much cheaper than buying a spot as you can rent from the City next door, plus saves loads on condo fees to maintain the garage