For the month of January, 76 new condos were sold in all of C01. So yes, selling 45 units could take 6 months at the current pace.

awesome :D

Good tips from cdr108. Remember that this person has no commitment to you, they are legally obligated to protect the interests of the seller. Do not disclose anything about your personal financial situation to them as it could be used against you at the negotiating table. The only thing I...

Of course its assumed everyone goes to UT first :) That's why I said besides UT.

Just wondering where UrbanToronto users go for their Toronto real estate info online? What are your favourite sites/blogs/forums you regularly visit (Besides UT)? Share your favs below. The obvious ones: -Globe and Mail real estate/Report on Business Real Estate -The Star real estate -...

You're right. DOM is not that accurate in a slowing market because listings are canceled and 're-booted' all the time at lower price points. So it might sell in a week but that is after 3 price reductions and 6 months on the market. A new stat reflecting this would be great, but don't hold...

Back in May '08, Lamb was quoted as saying anything up to 60 days should be considered a seller's market. Now it is 90 days. hmmm...

One reason for building before selling is to show buyers that despite the slowing economy and RE market, this project will be built so buy with confidence! Another reason: hey, we screwed up big time with MODE. We aren't going to do that to you again, promise ;)

Only a handful of units have been sold from what I am told (just to insiders-friends and family types). They are not 'selling' right now, but units can be bought (if that makes sense). I can't post info here, but if you want more info feel free to PM me.

I've been told by a contact at Cresford that construction is set to resume around Feb. 15. Let's see what happens in 1 month...Could be to resolve this supposed fire/access issue. My contact said that they are absolutely going ahead with this project this time. Aiming for sales to kick off in...

Yes, that's correct. They are putting the project in neutral for the time being. They are proceeding with getting things in order to begin officially selling units, but they aren't in a rush. They don't have the necessary approvals from the City yet to actually sell any units. They are not...

I wrote a blog post about the new site when it launched back in July '08 here. The site generates very strong reactions from users. Over 300 comments and counting on this post! It seems the most people hate the new site, but a minority actually prefer it. My own two cents: it's time for...

Downtown Condo Stats I just posted my analysis of the downtown condo market based on TREB's numbers for December. Check it out on my site if you're interested. Quick summary: Compared to December 2007: In C01 (downtown west), condo sales are down 49%, average prices are down...

I'm leaning more towards supply being cut before prices are. Incentives will be increased, parking thrown in for free etc, but prices being cut will be seen as an absolute last option. I think in the next 6 months we will see a few high profile projects be canceled and that will instantly...

It's my understanding that Fly has sold about 120 units out of a planned 396 units. Roughly 30% sold.

My last two articles have been linked in other threads on UT already, but just in case you haven't seen them already: October Condo stats and analysis November Condo Stats and Analysis In short, it is not a good time to be a seller. If you don't absolutely have to sell, don't. It is a...

interesting story... I saw Harry today downtown. He was walking along Sheppard st, right beside the old Sapphire site. There was this weird moment where I looked at him and he looked at me and it was like he was thinking, "He knows who I am and what I've done!!". Must be a really strange...

Demand has dropped, but supply is getting cut too. Prices will likely stay flat for the short term. Question now is, will we see more projects canceled or 'paused' as Minto calls it.

The project was always marketed as "The Modern on Richmond"

Thanks for pointing this out Solaris. I'm definitely going to have to make some phone calls on this one. First reaction: the original developer didn't really know what they were doing in the downtown condo market and having Empire take over could be seen as an 'upgrade'. Second reaction: the...