The Globe employs real accomplished journalists with an army of fact checkers. This place is the equivalent of a high school newspaper, funded heavily by the developers it loves to promote.
The facts speak for themselves. I hope the buyers here don’t get the short end of the stick but I...
When the biggest and most powerful company and brand in the world finally puts the nail in this dreary coffin of a project which of you ignorant fanboys is going to be the first to apologize to me?
You won’t get any exposure if the building doesn’t get built; just a massive unwanted headache.
If Apple has an out as purported they will likely grab it and go west where the real action and prestige resides.
This is a tremendous spot for a flagship Tim Horton’s/Harvey’s combo.
Covid, punishing and unjustified restrictions etc hasn’t been kind to Yonge and Bloor or the city in general. It’s not terrible at all but it’s not high end which is what they want. And with all the controversy surrounding the project they probably got spooked. Great spot for a drugstore.
It’s shocking how naive this crowd is. Apple doesn’t want low end tenants as neighbors not to mention the seedy crowd that lurks around the intersection. They will pick up their gear and head west (maybe Manulife has space or the empty spots on the north side?) where they can get better space...
Hardly. All the high end tenants (with exception of Holt's) exist west of Bay and north of Bloor. That's where a AAA tenant like Apple belongs, not alongside Nordstrom's Rack and Chic Filet. The One was doomed from the start and this is simply the final death blow.
Haven't been here in a while. I can't believe this project is still stuck at such a low level. How long before the construction lenders just takes over? You can't presell units at 2017 prices and complete the building in 2027. You'll go bankrupt.
Happy 2021 everyone.
I would like to start a poll. December 31 2021 over December 31, 2020 Toronto condos:
A. Increased 5% in price
B. No change
C. Decreased 5% im price
D. Decreased >5% in price
All existing units included, all precon units excluded.
It's ok if he doesn't take the vax. And it will be ok when he can't get on a plane, go to a concert, a movie theatre or a hockey game. Or get on a bus, Or a wedding. Or a funeral.
Valid points unless the units are bought as future second homes for foreigners. Or someone from outside the city seeing a once in a lifetime opportunity to get into a Toronto condo at a great price.
So the vacancy is now 3%. Where do you see it bottoming out? 5%? 10%? Should we be shorting...
I would think that condo investors who were renting out there units are going to start listing their units for sale now which should ease the amount of rental listings.