- Joined
- Dec 14, 2013
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- 980
Can those familiar with the Vaughan market provide any commentary on this: https://www.theglobeandmail.com/can...condo-cancelled-leaving-1100-buyers-in-limbo/
My take on this is that it has nothing to do with financing ... with 1100 presales and some buyers putting down $80k+ there is no way they don't have the equity to go forward on this. Construction interest rates are minor and reserved in interest carry.
I think this is a result of hard costs going up 20-30% in Toronto area. Anyone close to this project have some insight?
My take on this is that it has nothing to do with financing ... with 1100 presales and some buyers putting down $80k+ there is no way they don't have the equity to go forward on this. Construction interest rates are minor and reserved in interest carry.
I think this is a result of hard costs going up 20-30% in Toronto area. Anyone close to this project have some insight?