Station Park | 18, 28, 36, 40, 50 fl | U/C

[tomh009]

Does anyone know how sales are going?  I assume it will take a while longer to sell out this project, compared to Circa, 100 Vic and Charlie West, all of which I believe sold out within a few days (with Charlie West, I believe they held back some units at the initial launch).

Apparently going well per the brokers, but they are selling on their terms and developer wants to hold back quite a bit from what I gather as they can then factor in price increases, unlike Circa.

I will also not be surprised if we see an application for 2 to 4 'additional floors' a nice new little technique these high rises are using to up the price for more units for 'those who missed out!'

I asked about the pricing as it seems there is the risk for little price growth given how expensive they are and one of the brokers told me 155 Caroline St was selling for $400/sqft 4 years ago to put it in perspective.

Interesting tidbit I heard today -- apparently they will allow up to 25% of the units to be short-term rentals (AirBNB or similar), provided that the owner of the unit will pay for a "short-term rental licence" at $5000.