Project is now sold out

Seems like I wasn't just blowing hot air when I said this 3 months ago.

http://www.moneyville.ca/article/1266020--toronto-real-estate-sales-down-but-prices-up-from-last-year “It’s still a seller’s market for houses, but condos have slowed down a lot.” Condo realtor Mark Savel said he’s seeing “insane” demand for condo rentals downtown fuelled, he believes, by the...

I can agree with the sign around the neck, but can't understand why you would also wanna see me naked: but if that's what u r into, who am I to judge. :confused:

I disagree. Under no circumstance will prices in the downtown core ever hit $400 psf again. U can hold me to that statement and laugh me out the room if that ever happens.

Sorry Adeel, I should have clarified; its one months rental (half for each side of the transaction).

Don't twist my words. At no point did I say you couldn't get a one bedroom for $1400. My comment was intended for the poster who said that a newly constructed unit at 650 sq.ft averages only about $1,450 in rental income in the core. I refuted that claim. Why are you turning my "specific"...

+1 Just for full disclosure; I did purchase here

OK fine. MLS which accounts for only a very small % of rentals in C1 is telling me that rental prices are way up, days on the market is down and properties are receiving multiple offers when compared to the same period last year. I've also experienced this first hand. But don't take my word for...

:confused: Calm down Dude.. Whether or not you agree with landlord or tenant using an agent to lease a property has no bearing on the point that I was making: that the RE rental market is on fire. Now take a prozac and calm yourself :rolleyes:

I wouldn't mind an additional 6-10 floors.

I usually use MLS as my guage (not craigslist or kijiji). Having said that I can bet you 1. These are Phish listings (placed by agents to recruit renters) 2. They are already leased 3. They are priced low to generate buzz and will lease above list price with multiple offer. Just ask any agent...

Only about 5 units remain (from 798 total). This has got to be the fastest selling project in quite some time. I guess they will start digging in the spring.

I don't know where you got that information from but I dont know of any new project downtown that you can rent a 650 sq ft unit for $1,450. Have you seen the rental market over the past 3-4 months? New 1br starts at minumum $1600 with multiple offers. But, by all means let me know when you find...

Guys relax. As mentioned b4, this height reduction has nothing to do with the objection of "old geysers" and everything to do with current market conditions. If the launch is a resounding success and the economy improves; I'll place bets that GG will seek additional floors.

Wow, what a great job to be chief economist for CREA (Mr. Klump). Constantly being wrong about the market and then having the ability to continuosly revise ur figures only to be wrong again and again.....damn, I want that job. Can you imagine if doctors or airline pilots (anyone for that matter)...

Thus the reason you always have your fees capped during the 10-day rescission period. This is a very nice project. Turned out better than the renderings which is unusual.

Just as I expected (from technicals), the $6.50 support held on RIMM and triggered my buy order. Nice bounce up to $7.19 (10%). I've moved my stop up to break even making this a risk free trade. This is just a short term play; long term RIMM is toast. I'll get out before the next quarterly...

Kenny, Anecdotal. I haven't looked at the rental #'s for July and mid August but I'm very sure the numbers will back my experience. I've never seen the rental market for downtown condos this hot b4 and also have not had so many clients looking to rent. This is also the experience of other...

Interested, I do have my fair share of losers (BAC, HMX); I just don't want to talk about them; typical human nature to hype their winnings and downplay the losers. I think I will hit the jackpot with Sprint though. Bought that puppy 3 months ago for $2.4; currently at $4.86 and I see this...