I feel like Bayview tower 4 will absolutely kick the snot out of this project. 825$ a square foot (and the nicer units with a view will be much more) combined with a 25% down payment combined with a Horgan government is a recipe for potential trouble.
As long as Mariash has learned from Bosa and doesn't get greedy as he did with Bayview One then he will have a smooth and successful sailing. While HP1 will be a very beautiful development they are really asking for a bit too much... Imagine the pain of having to walk away from 25% if interest rates continue to rise and the bank doesn't value the unit at 825$ per foot. Ouch!
Something to consider is Bayview's tower 4 is unlikely to be completed until mid-2021 and that's only if work commences on the tower by the early fall of this year. If work begins in early 2019 occupancy may not take place until late 2021 or early 2022 (consider that Yates on Yates began last year and is scheduled for completion by late 2020; Vivid early 2021).
Hudson Place One is pegged for completion by late 2019, so in terms of a purchase by someone who may be more vulnerable to market conditions an earlier occupancy date may be the more prudent choice if through nothing more than less exposure to the whims of the market while awaiting completion.
That being said, however, HP1 is a luxury project. This is not a building that's geared towards entry-level buyers and a 25% down payment for someone who just sold a $1.5 million Fairfield home and is staging for a 1,200 square foot condo is not a big deal.