Looks like they're ready for the final building. I wonder when it gets started?
BUILT The Horizon, phase 1 Uses: condo, townhome Address: Tyee Road at Gaudin Road Municipality: Victoria Region: Urban core Storeys: 4 Condo units: (studio/bachelor, 1BR, 2BR, townhome) Sales status: sold out / resales only |
Learn more about the Horizon, phase 1 on Citified.ca
[Vic West] The Railyards | Condos; townhomes
#501
Posted 29 January 2019 - 10:18 AM
"Never go to a doctor whose office plants have died"
#502
Posted 29 January 2019 - 11:37 AM
Looks like they're ready for the final building. I wonder when it gets started?
Sooner the better, I am excited about the last building. Finally some height + concrete to finish off the Railyards.
- Dr. Barillas likes this
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
#503
Posted 29 January 2019 - 11:46 AM
Is there a separate thread for the final phase?
Design revisions were submitted in September. Unit count is now 86 and the building has a lot more colour. Dev tracker: https://tender.victo...Number=DPV00080
#504
Posted 29 January 2019 - 01:27 PM
I am digging the 360 sq/ft studio layout, small balcony to boot.
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
#505
Posted 14 March 2019 - 08:28 AM
Incentives will be revealed tomorrow to registrants. To register, click here.
Developer Le Fevre & Company will be announcing market-leading incentives for remaining condominium inventory at Horizon 2, the second-to-last phase of the masterplanned Railyards community in Vic West. The final phase, Horizon 3, is expected to get underway by year's end.
Le Fevre & Co. to announce buyer incentives for The Railyards' move-in ready condos
https://victoria.cit...n-ready-condos/
Market-leading purchase incentives announced for un-sold condominiums at The Railyards development’s Horizon 2 building are targeting buyers in search of a move-in ready residence or investment property.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#506
Posted 14 March 2019 - 08:40 AM
Sign of the times
#507
Posted 14 March 2019 - 09:15 AM
Nah, don't be so negative.
When Ford announces a year-end clear-out people respond by buying up the inventory at a lower price. This is no different, really. Le Fevre just wants to clean the slate ahead of the big launch of the last phase which I think we can all agree will be a monumental project for him and the Vic West community.
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#508
Posted 14 March 2019 - 11:02 AM
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#509
Posted 14 March 2019 - 11:20 AM
Horizon Phase I, two years ago, had unsold inventory upon completion, 595 did, the Era did, etc. They basically all did except for a handful of projects, but the inventory just wasn’t promoted to the extent it is today as the pool of buyers was larger due to there not being the stress test, etc.
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#510
Posted 14 March 2019 - 11:28 AM
The OSFI is on the defence claiming their program was never meant to slow the market, while CMHC is contradicting them, so is the end for the measure as it currently exists nigh?: https://business.fin...sed-to-do-again
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#511
Posted 14 March 2019 - 11:29 AM
Sure there was.
Horizon Phase I, two years ago, had unsold inventory upon completion, 595 did, the Era did, etc. They basically all did except for a handful of projects, but the inventory just wasn’t promoted to the extent it is today as the pool of buyers was larger due to there not being the stress test, etc.
Era was like 2015. Ancient history.
Its not exactly a big secret that there is a slump in demand. Its not the end of the world but pretending it isn't happening won't make it go away.
- songheesguy likes this
#512
Posted 14 March 2019 - 11:30 AM
In fact I would say the stress test in markets like Victoria where locals compete with wealthy retirees is where the program breaks down. It’s one this if you’re living in Regina and the stress test forces you to go from a $175k condo to a $160k condo, but it’s quite another when you’re forced out of the market entirely because you no longer qualify for an $X condo, and it’s the lowest priced opportunity on the pre-sale market.
The OSFI messed up and now that they’re on the defence claiming their program was never meant to slow the market, while CMHC is contradicting them, the end for the measure as it currently exists is nigh: https://business.fin...sed-to-do-again
I completely agree that the slump is largely the fault of bad policy
#513
Posted 14 March 2019 - 11:31 AM
When did the last Era unit sell?
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#514
Posted 14 March 2019 - 11:33 AM
I completely agree that the slump is largely the fault of bad policy
Right, and the one thing government or federal institutions rarely do is admit a failure or rescind an unproductive measure.
The stress test, while rates are stagnant and on the verge of falling, is not only counterproductive but pretty meaningless.
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#515
Posted 20 March 2019 - 11:51 AM
Only two units remain from approximately a dozen that were available at the start of the sales campaign.
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#516
Posted 21 March 2019 - 11:47 AM
Keep us posted if you hear anything about the start of the next/last building. Will be great to see the whole project finished.
- Mike K. likes this
#517
Posted 22 March 2019 - 03:49 PM
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#518
Posted 23 March 2019 - 08:51 AM
One left!
Edited by songheesguy, 23 March 2019 - 08:56 AM.
#519
Posted 10 May 2019 - 01:36 AM
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#520
Posted 17 May 2019 - 08:12 AM
Signs up at the site for the new building, called the 'Panorama'.
Reviewed the plans on the Dev Tracker. Curious as to when a building needs to map out shadows/sun mapping. This seems to happen on plans for buildings downtown, or perhaps just buildings above a certain height, but didn't see one done here:
https://tender.victo...Number=DPV00080
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