TheHonestMaple said:
Wonder what's going on with this one. Will it ever happen? Or is this another victim of high interest rates?
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Think we just have to be patient. With rates likely to continue to decrease, purchases will start back up slowly, but since it will be more owner occupied it will take longer since we won't have as many investors using HELOCs to finance ever more units.

Secondary markets always take more time to get back up too and with the Design District and 75 James eating up a ton of condo demand in Hamilton it's no surprise to me that the high rate market has slowed to a crawl or stop in Hamilton.

I'm surprised there aren't more rental buildings proposed though with the way rents are going in the city.
 
I know this is just a realtor ad, but saw this today on Instagram:
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vistaway said:
Nice to see them still trying with this one.
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That's quite the interesting prospect, I'm not sure I've seen a rent-to-own project in the GTHA (or anywhere for that matter).

Rent-to-own seems relatively rare. It could be a good option for renters looking to buy but without a significant down payment or credit potential.
 
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