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News

Toronto Star
thestar.com > real-estate > toronto-condo-developer-cuts-200-units-from-two-tower-project-people-are-looking-for-more-livability > article_048d71f5-c15e-4ecc-a665-1813869ec67b.html

Toronto condo developer cuts 200 units from two-tower project: ‘People are looking for more livability’

1+ day, 1+ hour ago   (720+ words) A rendering of Yonge City Square, a new condo project by The Gupta Group. Uploaded by: Warren, May The Gupta Group has dropped the number of units to 500 from 700 in a North York luxury project to make the homes more…...

Toronto Star
thestar.com > real-estate > torontos-condo-presale-model-isnt-working-heres-how-to-build-without-it > article_48dbad82-8dd2-42f2-9f26-f9b64deb0398.html

Toronto’s condo presale model isn’t working. Here’s how to build without it

1+ mon, 3+ week ago   (1037+ words) Lenders require developers to presell 80 per cent of units to gain financing, a model criticized for fueling speculation and contributing to the condo crash. Canadian lenders require condo developers to sell 80 per cent of units before a shovel hits the…...

Toronto Star
thestar.com > real-estate > a-new-toronto-development-has-managed-to-presell-75-of-its-units-during-a-condo-crash----heres-how > article_56691e4c-70ac-4610-88bf-f765d65a42b4.html

This Toronto developer has pre-sold 75% of units during a condo crash. Here’s how

2+ mon, 3+ week ago   (1312+ words) The builder broke ground Thursday on a 1,310-unit midtown three-tower complex as other developers delay, cancel or convert condo projects. Developer Canderel just broke ground on Forêt Forest Hill, a three-tower midtown project that will bring 1,310 homes to the corner…...