Real Estate

Bright water - Mississauga

  • Last Updated:
  • Nov 25th, 2020 11:08 pm
Member
Oct 22, 2019
288 posts
260 upvotes
InfiniteReturns wrote: Hello,

I see several condos in square one sitting longer in the market. This was not the case before Covid.

With condo market in 416 area already showing signs of major weakness will mississauga condos also follow suit ?

There are number of condos building closing in 2023/2024/2025 in mississauga.

Are we looking at a possible crash in the mississauga condo market ?
Not sure what you mean by 'crash' but by 2023, 2024, I'm assuming covid will be a thing of the past.
Deal Expert
User avatar
Feb 11, 2009
17582 posts
4554 upvotes
Toronto
Towns coming in a couple weeks, starting at $1.2m lol
Real Estate Agent, MAcc, CPA, CA
Deal Addict
User avatar
Nov 5, 2018
1614 posts
2470 upvotes
Toronto
deal_with_singh wrote: Towns coming in a couple weeks, starting at $1.2m lol
These are stacked, right?
I do not need approval, I do not need friends. I do what I want.
Deal Expert
User avatar
Feb 11, 2009
17582 posts
4554 upvotes
Toronto
CondoMan98 wrote:
These are stacked, right?
Yep...I believe all of them are as far as I know, though this is “through the grape vine”, nothing on paper
oasis100 wrote: what a f joke.
My jaw dropped when I heard...but I’m assuming will still sell out
Real Estate Agent, MAcc, CPA, CA
Deal Expert
May 30, 2005
44551 posts
5116 upvotes
Richmond Hill
I thought those were traditional towns... What a waste of land. If someone wanted stacked towns they might as well buy in the condo.
Artisan woodworker crafting live edge tables, end grain cutting boards, and other home decor
Silver Coins | Philips Wake-Up Light with Radio | Heatware
Deal Addict
User avatar
Mar 27, 2007
2357 posts
164 upvotes
Details come out Nov 25 I think.

But $1.2M for a traditional town in that area is a good deal. Traditional townhomes in the area go for ~$1.6M right now.

Horrible deal if it's a stacked town...
Deal Expert
User avatar
Feb 11, 2009
17582 posts
4554 upvotes
Toronto
ItechJester wrote: Details come out Nov 25 I think.

But $1.2M for a traditional town in that area is a good deal. Traditional townhomes in the area go for ~$1.6M right now.

Horrible deal if it's a stacked town...
These are stacked towns from what I was last told, though like I said all communication was verbal, and nothing on paper so far.
Real Estate Agent, MAcc, CPA, CA
Deal Addict
Mar 27, 2004
4622 posts
2267 upvotes
Toronto
That's like downtown Toronto pricing.
Full-time Realtor
Newbie
Jun 25, 2015
89 posts
57 upvotes
Toronto, ON
No way stacked town for $1.2M you guys are playing.. It's traditional come on now..
Member
Oct 22, 2019
288 posts
260 upvotes
Brightwater towns postponed to the new year?...
Deal Addict
User avatar
Nov 5, 2018
1614 posts
2470 upvotes
Toronto
JD_Inv wrote: Brightwater towns postponed to the new year?...
Are they?
I do not need approval, I do not need friends. I do what I want.
Deal Addict
User avatar
Nov 5, 2018
1614 posts
2470 upvotes
Toronto
JD_Inv wrote: I think so...agents on here can confirm.
The price of lumber sure isn’t helping...
I do not need approval, I do not need friends. I do what I want.
Deal Addict
User avatar
Mar 27, 2007
2357 posts
164 upvotes
It's a matter of work load for the sales office. They just finished depositing everyone's first cheques for the BW1 and BW2 buildings, and getting the pre-approvals in. They will be using the pre-approval from buyers to get to the financing to build the first two condos, or so I've been told...

300 planned townhomes, starting at $1.2M each.... that's a whole lot of cheddar. The current tranche to be released will be 100 units (so I've been told). They need that money to keep developing the site. They've already spent 10's of M's moving earth and permitting.

I doubt raw material costs factor much in the planning. This will be a 10 year development. An extra 10K of material cost to each house is nothing, they'll just up the price a bit...

Top