East Junction Cancellation
Just received notice that they have cancelled the project due to no financing! Anyone else purchase here?
Feb 3rd, 2020 5:07 pm
Feb 3rd, 2020 7:48 pm
Feb 4th, 2020 8:45 am
Feb 4th, 2020 2:00 pm
Feb 4th, 2020 2:44 pm
Feb 4th, 2020 2:47 pm
Yup.Number1boss wrote: ↑ When builders are trying to get out of previous sold lots, that means market prices are increasing
Feb 4th, 2020 4:12 pm
Feb 4th, 2020 8:49 pm
Feb 5th, 2020 12:32 pm
And as can be seen with the Liberty condo ruling, it's a total waste of time. Buyer beware is all that can be stated.danfromwaterloo wrote: ↑ I can feel a class action lawsuit a mile away.
In six months a new development company will start a new condo in this exact spot. I hope to god prices dive.
Feb 5th, 2020 12:46 pm
Feb 5th, 2020 12:49 pm
Feb 5th, 2020 1:00 pm
Worse, Limen is a small construction company that focuses on restoration work (like the Sunnyside pavilion). They likely do not have the financial strength to undertake something of this size without taking on significant risk to their core business.
Feb 5th, 2020 11:24 pm
Feb 5th, 2020 11:57 pm
Feb 6th, 2020 12:07 am
Maybe you missed this part: "You may not be able to completely avoid something like this"
Feb 6th, 2020 7:38 am
Ya so you're saying sometimes can't avoid this even with big builders . Liberty most definitely is one of the bigger builders and around for a while.with over 100k units builtJayLove06 wrote: ↑ Maybe you missed this part: "You may not be able to completely avoid something like this"
Also, Liberty is not one of the bigger/legit builders. How many cancelled projects does Tridel have? Great Gulf? Menkes? Daniels?
It's so weird how you would mention them as if what I said wasn't correct. Do your research. These guys were not even real builders. I wouldn't buy anything from a builder that didn’t have a good track record. This builder had nothing and as far as Liberty...not even on my radar.
Feb 6th, 2020 1:10 pm
Feb 6th, 2020 1:19 pm
This.GalvToronto wrote: ↑ Good track record, bad track record...like it matters for me to make a crazy decision to buy a unit with 30% premium to already built units with same parameters....
Feb 6th, 2020 4:37 pm
You can repeat common sense advice like this til you are blue in the face. In a melt up people simply don't listen. And when it comes back to bite them it's everyone else's fault but theirs. But their tears won't bring back the lost price appreciation.
Feb 6th, 2020 5:00 pm
I wouldn’t have purchased from liberty before cosmos. But I’m waiting for you to post the developments that were cancelled by the builders I listed. Plenty of cancellations by builders job one has ever heard of.StatsGuy wrote: ↑ Ya so you're saying sometimes can't avoid this even with big builders . Liberty most definitely is one of the bigger builders and around for a while.with over 100k units built
Doesn't matter you don't think they aren't because they are.
Until cosmos, liberty has a great track record