Geothermal used to allow you to tap into CMHC financing a bit easier, however they've since changed that over to affordability incorporation. Generally you'd only drill for geothermal at the bottom of your pit too, so I'm not sure what they're doing here at this time.

Oof. Here we go...

Conservatively, I would say 50%+ of current not-yet-launched buildings will be exploring that option. It's a lot, but the equity requirements are far tougher so not all of those will go through. Also, getting to stabilization will be tough when so much product is potentially coming on the...

And construction will start shortly after, no? That's how this works, right?

The shitty thing is if you're not going purpose built rental, you need investors for housing starts. But that led to and was perpetuated by terrible, tiny, stupid layouts, designed purely for that purpose. When someone's financial growth is put ahead of the lived experience of those who inhabit...

Yes, sort of. Republic is the Development Manager who is contracted by Silver for a fee to entitle their land. When they are ready to move on the project, they will bring Republic back in on a limited % fee and scope basis, as well as a Construction Manager (Ellis Don, PCL, Reliance, Bluescape...

Republic is not building this as that's not their decision to make. They execute on behalf of the owner, Silver, and Silver, currently, doesn't want to move on it.

LTM 1650. Nice lil setup there.

Good lord is that ever awful...

Second crane up here @interchange42

Funnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnny that...

Single family developer from the Niagara region with no experience in any other typology is going to do a midrise in Toronto at a time when there's basically negative absorption?

@Paclo, can you please link the AIC to your update posts?

It's been sitting there for a few months now.

Yes.

The first didn't have any effect at all but we'll see. Personally, I hope not: cheap money was producing way too much garbage and folks need to reckon with the product they were foisting on a market for which no unit was too laughably shitty.

They'd need to sell a unit first...