Real Estate

cosmos condos cancelled....

  • Last Updated:
  • Mar 25th, 2019 7:05 pm
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Newbie
Mar 30, 2017
10 posts
as we all know
no point to take to the court
should clam yourself and look for another project to invest!!!!
Deal Fanatic
User avatar
Jan 6, 2011
6190 posts
1546 upvotes
GTA
mcnegi wrote: ICONA - EAST tower project has been cancelled.
Bad news.

This is why high prices and demand suppression is bad for everyone (especially FTHB), even the RE industry itself.

Developers wants volume, then margin. Now new land acquisition cost become so high, they lack both volume and margin to cover it.

The optimal strategy now is just hoarding existing stock for future possible better prices (since it's not going down anytime soon), or, just stop pumping more into the pipeline and let land bidding cool a bit.

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