“There’s a lack of supply and increased demand as immigration continues,” Chris Harhay, president of Harhay Developments, told RENX.
He also noted, according to all indications, buyers will be in a lower interest rate environment by the time 9HUNDRED Signature Residences reaches its closing stage: “This is slated for occupancy in 2027,” Harhay said. “We anticipate that by then interest rates will come down.”
9HUNDRED is a master-planned community to be composed of four 20- and 21-storey buildings containing 836 units plus mixed-use space in Etobicoke’s Highway 427 and Eglinton Avenue West neighbourhood.
The first building will feature 161 residences, plus 56,000 square feet of office space, while Building 2 is to include 238 units, a day care and retail spaces.
The final two buildings at the site are to be completely residential.