Mike in TO
Senior Member
The condo market aint falling apart until immigration stops nimby boy.
Sales are off significantly thus far this year and there are a lot of question marks for 2009. The condo market is definetly slowing and it's unlikely all the recent proposals that have been posted here the last few months will go beyond the proposal stage.
With respect to this development, St. Nicholas is a fairly unique street downtown and the site plan/lower levels of the project will hopefully be sensitive to St. Nicholas. This particular corner at St. Mary's street could however use a healthy injection of life & vitality.
The condo market and immigration levels have a rather loose correlation, there are more pertanent factors that are contributing to the declines experienced this year and forecasts for an even slower year in 2009.