U Condos Construction Update
This construction update is kind of funny as I ran into a guy checking out the site as well. I told him that this property was was once a parking lot, and the Church objected that to the condo development. But developers have money and in the end they won out.
Told him to look north to the Four Seasons for an approximation of the taller tower and the Manulife Tower for an estimate on the shorter tower.
Getting closer...
Cooling Housing Market Seen As Healthy for Toronto Condos
As sales have declined from the historic highs of 2011, which as I have repeated on this blog was a record year for home and condo sales. So there was likely to be some pull back this year, and of course the doomsayers will jump on this as the Apocalypse heading our way. But let's be real, even though sales have dropped off rapidly from 2011, the prices haven't even budged, in fact they are headed up. This is because no one is in a rush to sell, there is no panic here, cooler heads have prevailed. Not only that but there have still been condo launches, successful condo launches, like that of Tridel's Ten York, and Remington and Easton's King Blue which look almost ready to go based on their first month of sales.
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