Real Estate

Developers taking their sweet time to sell units

  • Last Updated:
  • May 9th, 2017 1:45 pm
[OP]
Member
Jan 16, 2017
446 posts
280 upvotes

Developers taking their sweet time to sell units

I been waiting so long for some developments to launch but it seems like they are waiting for prices increase or something else I am not understanding. Where will these be released for sale
-lofthouse
-1 yonge
-545 lakeshore
-panda condos
3 replies
Deal Addict
User avatar
Dec 21, 2013
1345 posts
1293 upvotes
GTA
Maybe they are having trouble moving the units? The developer needs to secure a certain percentage of presold units before the bank will move forward with financing.

Couple the above with the recent rule changes which have given people jitters about buying.
[OP]
Member
Jan 16, 2017
446 posts
280 upvotes
georgecantstandya wrote: Maybe they are having trouble moving the units? The developer needs to secure a certain percentage of presold units before the bank will move forward with financing.

Couple the above with the recent rule changes which have given people jitters about buying.

for the development i listed they are not even for sale yet.
Banned
May 4, 2017
31 posts
24 upvotes
For every year they wait, they are getting 25-30% more money....from their POV, no rush to sell :)

Condos might even exceed 30% next year.

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