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Condo developer demands 15% more money from buyers after project hits delays


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#21 rambaldi

rambaldi
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Posted 19 April 2018 - 06:29 PM

From That Gorgeous Toronto Condo You Signed Up For? They Just Scrapped It:

 

"According to Urbanation, which studies the Toronto condo market, there are 10,622 condo units in the greater Toronto area that were offered for pre-sale before 2017 and still await construction. Since the start of last year, 17 projects, with 3,627 units, have been canceled in the region, according to real-estate-services firm Altus Group Ltd. That’s up from seven projects, with 808 units, in 2016."
 

https://www.bloomber...-costs-escalate



 



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