Festival Condos Vaughan - where’s the hype?

CondoMan98 wrote: ↑ But downtown is $$$$$$$

suburbs are getting up there too. I'd rather overpay downtown.

CondoMan98 wrote: ↑ Well, the market would say otherwise. ALL of the quantity is downtown

Actually, the market still says downtown is prime real estate. Smart investors think long term. Long term downtown is a far better play than the burbs for condos. I don't even think it's debatable. But I do hope more people think downtown condos are terrible investments and condos in the burbs are better. It means I'll be able to get back into the market.

CondoMan98 wrote: ↑ Well, the market would say otherwise. ALL of the quantity is downtown

You're looking at a snapshot in time.

anyone know how it's selling so far?

esacc1991 wrote: ↑ anyone know how it's selling so far?

Menkes in typical menkes fashion is releasing only small blocks of units at a time.

It's not a case of demand, its a case of out of the 1300 units, they're releasing a tiny fraction of them. There are already far more worksheets than there are units, so you can consider the project sold out.

releasing small blocks so they can raise prices along the way.

Did anyone get their allocations yet?

moofur wrote: ↑ Did anyone get their allocations yet?

Supposed to be tonight, we’ll have to see. Timing hasn’t been accurate on most things they’ve said so far though...

deal_with_singh wrote: ↑ Menkes in typical menkes fashion is releasing only small blocks of units at a time.

It's not a case of demand, its a case of out of the 1300 units, they're releasing a tiny fraction of them. There are already far more worksheets than there are units, so you can consider the project sold out.

oasis100 wrote: ↑ releasing small blocks so they can raise prices along the way.

How many units are they releasing in this initial small block. You think they can actually increase the prices in subsequent releases?

cleardevil wrote: ↑ How many units are they releasing in this initial small block. You think they can actually increase the prices in subsequent releases?

Haha been saying they’d do that from the very start. Likely will go up in $10k increments, to most people it will be immaterial and won’t sway them either way...especially since only a “price range” was posted, to the builder, it will add millions over the 1300 units being released.

I think they only released south building today.
Was hoping for a unit on the north side with parking..looks like they will release it next week with higher prices....

anyone got their allocations yet?

cleardevil wrote: ↑ anyone got their allocations yet?

Yes received allocation and already sold everything.

Didn’t get any 1+1 but expecting them in tomorrow’s allocation

deal_with_singh wrote: ↑ Yes received allocation and already sold everything.

Didn’t get any 1+1 but expecting them in tomorrow’s allocation

How many units were you allocated?

lets be clear..

he didn't get allocation. the platinum he works for got allocation. lol.

oasis100 wrote: ↑ lets be clear..

he didn't get allocation. the platinum he works for got allocation. lol.

At the end of the day, my clients who wanted the units got the units

deal_with_singh wrote: ↑ At the end of the day, my clients who wanted the units got the units

that's good!

a lot of people don't understand the precon game

there's probably only 40 to 50 legitimate platinum agents in Toronto.

most agents have "platinum access" to one of these agents.

oasis100 wrote: ↑ that's good!

a lot of people don't understand the precon game

there's probably only 40 to 50 legitimate platinum agents in Toronto.

most agents have "platinum access" to one of these agents.

Do you have any details of how many units were released? And they were all sold out? Any idea if they will increase the price on the next release?

they won't give that info. and no its not sold out

menkes likes to slowly release batches and increase prices.