05-23-2019, 07:18 AM
Whether you think we're in a real estate bubble or boom, financing has been extremely loose in many ways the last few years. Eventually it will tighten. Eventually demand will fall, too.
The one that I would personally really, really like to see built out, but the one that I think is most at risk of not being perhaps even started, is Sixo, or whatever it's called. I'm excited by the prospect, but not very optimistic of it getting done before conditions change.
I do think that the situation in KW is different than in Toronto. The Globe is talking about projects that are fully sold that can nonetheless not secure financing, or that have run into planning issues. Somehow the prospect of a major condo development selling out, then falling apart at the OMB, doesn't seem as likely here.
The one that I would personally really, really like to see built out, but the one that I think is most at risk of not being perhaps even started, is Sixo, or whatever it's called. I'm excited by the prospect, but not very optimistic of it getting done before conditions change.
I do think that the situation in KW is different than in Toronto. The Globe is talking about projects that are fully sold that can nonetheless not secure financing, or that have run into planning issues. Somehow the prospect of a major condo development selling out, then falling apart at the OMB, doesn't seem as likely here.